General Investing >> Money Manager Interviews >> September 20, 2012

A Focus on Economic Margin and Intrasector Comparisons

Aschwald, Howard B.
Howard B. Aschwald, CFA, is Portfolio Manager, Chief Investment Officer and Director of Research at Quantum Capital. He cofounded the firm in 1996. Before Quantum Capital, Mr. Aschwald started his investment career in 1983 with Morgan Stanley. He then joined the investment management firm of Stein Roe as a Technology Analyst and Portfolio Manager. Mr. Aschwald graduated from the U.S. Naval Academy at Annapolis and recently retired as a Captain in the Naval Reserve. He has two MBAs from Golden Gate University. Mr. Aschwald is a member of the CFA Institute and the Security Analysts Society of San Francisco. Profile
TWST: You founded Quantum Capital. Is that right?

Mr. Aschwald: My Partner and I started the firm at the end of 1996. We got into the Schwab Advisor program fairly early, which was very