First Wilshire Securities' Fredrick L. Astman
"Very Small Is Very Beautiful - Especially When They're Cheap & Rapidly Growing."
Volume V Number 2
For the past 12 years, Fred Astman
has compounded clients' capital at 23% per year with First Wilshire Securities Management
Even more impressive, Astman
outperformed all managers monitored by CDA for the l, 3 and 5 years ended 12/31/89
- especially amazing given his
small-cap orientation in an environment hostile to small-cap managers.
CDA estimates First Wilshire
earned 35% per year on its equity investments during the 5 years ended 12/31/89
All performance figures provided by First Wilshire Securities Management
We had the pleasure of speaking with Astman