Randall Abramson

We don't ascribe to the view you shouldn't meet with management to avoid being “sold.” A personal connection gives us a better understanding of what's going on, allows us to judge management more directly and even can give us some influence all of which we consider necessary to invest with conviction.

Randall Abramson

Back in the late 1990s we invested in a few too many “concept” stocks earlier-stage companies with developing technologies where the stories were compelling and indicated that there would be considerable future value. The problem is that without a real underpinning of asset value or earnings, these types of companies can run into big trouble [...]