Arnold Van Den Berg is a superinvestor. He’s the Chairman, CEO, and Portfolio Manager at Century Management, the value-focused investment firm he founded in 1974. Since then, Arnold and his team of approximately 45 employees have grown the portfolio from $250,000 to $2B in AUM. With no college degree or formal higher education, Arnold Van Den Berg is living proof that anyone with the right work ethic and mindset can be successful in the world of investing.
The market only matters when you enter or exit a position — the rest of the time, it should be ignored. If you approach buying stocks like buying a business, you’ll want to hold onto them as long as the fundamentals are strong. During the time you hold an investment, there will be spots where you could […]
Cash flow, not reported earnings, is what determines long-term value-William Thorndike “Great fundamental investors focus on understanding the magnitude and sustainability of free cash flow” Michael Mauboussin “If you don‘t have the free cash flow, you don‘t have anything.” Leon Cooperman “Net income without cash is not necessarily net income” Henry Singleton “When I think of […]
“I am a biography nut myself, and I think when you’re trying to teach the great concepts that work, it helps to tie them into the lives and personal ties of the people who developed them. I think that you learn economics better if you make Adam Smith your friend. That sounds funny, making friends […]