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 “Keynesian” approach places far less emphasis on the “adjustment” nature of investment. Instead, they have a more “behavioral” take on the investment decision. Namely, the Keynesian approach argues that investment is simply what capitalists “do”. Every period, workers consume and capitalists “invest” as a matter of course. This leads Keynesians to underplay the capital stock […]
Everything in the economy is cyclical. Nothing great or terrible is likely to stay that way for long, because the same forces that cause things to be great or terrible also plant the seeds to push them the other way. Bull markets make stocks expensive, expensive stocks leave little room for error, and little room […]