Arnold Van Den Berg

Arnold Van Den Berg

Last Update: 2014-09-10

Number of Stocks: 78
Number of New Stocks: 9

Total Value: $1,140 Mil
Q/Q Turnover: 13%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Arnold Van Den Berg' s Profile & Performance

Profile

Since founding Century Management in 1974, Arnie Van Den Berg has handily beaten all of the indices. Mr. Van Den Berg is a value investor, and considers himself a student of Benjamin Graham.

Web Page:http://www.centman.com/

Investing Philosophy

Arnie applies value investment strategies as his investment philosophy. His investment research seeks to determine the appraised value of a company, often referred to as intrinsic value. Investments are then made at a significant discount, normally 40% to 65% below the company's current intrinsic value. This is his margin of safety. Arnie usually holds 35-40 companies when fully invested, and invests primarily in U.S. headquartered companies.

Historical Allocation of Stock, Bonds, Cash

Total Holding History

Performance of CM Value I Composite

YearReturn (%)S&P500 (%)Excess Gain (%)
201318.1531.55-13.4
201216.2415.40.8
20110.122.08-2.0
3-Year Cumulative37.5 (11.2%/year)55 (15.7%/year)-17.5 (-4.5%/year)
201011.9115.06-3.2
200924.1726.46-2.3
5-Year Cumulative91.1 (13.8%/year)125.5 (17.7%/year)-34.4 (-3.9%/year)
2008-33.49-373.5
2007-5.415.61-11.0
200614.3115.79-1.5
200510.464.915.6
20049.0612-2.9
10-Year Cumulative65.5 (5.2%/year)104.1 (7.4%/year)-38.6 (-2.2%/year)
200325.2928.7-3.4
2002-0.43-22.121.7
200110-11.921.9
200043.62-9.152.7
199932.142111.1
15-Year Cumulative331.1 (10.2%/year)98.3 (4.7%/year)232.8 (5.5%/year)
19982.1728.6-26.4
199717.9733.4-15.4
199622.8623-0.1
199514.1637.6-23.4
19942.821.31.5
20-Year Cumulative649.3 (10.6%/year)483.2 (9.2%/year)166.1 (1.4%/year)
199310.4810.10.4
19927.117.6-0.5
199113.9430.5-16.6
1990-9.17-3.1-6.1
198913.0631.7-18.6
25-Year Cumulative937.5 (9.8%/year)1050.7 (10.3%/year)-113.2 (-0.5%/year)
198817.0616.60.5
19877.755.12.7
198628.6518.610.0
198523.5231.6-8.1
19846.66.10.5
30-Year Cumulative2116.8 (10.9%/year)2235.1 (11.1%/year)-118.3 (-0.2%/year)
198327.7122.45.3
198219.3321.4-2.1
198114.63-519.6
198024.1232.3-8.2
0000.0
35-Year Cumulative4706.6 (11.7%/year)4261.1 (11.4%/year)445.5 (0.3%/year)

Top Ranked Articles

GuruFocus Interview with Investor Arnold Van Den Berg
Arnold Van Den Berg is a value investor with 43 years of industry experience and founder of $2 billion firm Century Management. A short time ago, GuruFocus readers asked him their investing questions. His responses, in which he discusses MDC Holdings Inc. (MDC), Toll Brothers (TOL), Microsoft (MSFT), Dell (DELL), Cisco (CSCO), Applied Materials (AMAT), Walmart (WMT), Wells Fargo (WFC), are below: Read more...
CPI Corp: Buy at a 90% Discount from the Price Paid by Our Guru Arnold Van Den Berg
In the search for the highest dividend yield company with a significant drop in stock price, one penny stock appears first in the list. This company has paid a dividend continuously for more than 20 years, excluding two quarters in 2009, and from the end of 2009 it kept paying dividends at an increasing rate. The total dividend paid in 2011 was $1 per share, and now the share price is down to $1.8 per share, giving a dividend yield of nearly 56%. We can have a look at the price movement and the dividend payments in the Google stock price chart below. Read more...
Arnold van den Berg Review of Economy
The presentation took place on June 30, 2011, at the Houstonian Hotel in Houston, Texas. During this luncheon review, Arnold Van Den Berg, Century Management's founder and CEO, was the featured speaker. Read more...
Why Does Arnold Van Den Berg Love Automatic Data Processing (ADP) Why Does Arnold Van Den Berg Love Automatic Data Processing (ADP) -- Should You Buy ADP at $46?
Arnold Van Den Berg owns 768,519 shares of Automatic Data Processing (ADP). While the stock is only his 13th largest position – it’s one of the highest quality companies in his portfolio. That’s why Arnold Van Den Berg chose to write about ADP in his most recent letter to investors. Read more...
» More Arnold Van Den Berg Articles

To understand more about how Arnold Van Den Berg invest, please read GuruFocus Interview with Investor Arnold Van Den Berg.

Also please read:

"Take my word for it, these stocks are cheap. They have enormous growth potential, too." is an interview with Century Management, published in the August 30,2006 issue of Outstanding Investor Digest. This 26-page PDF was excerpted from the full 45-page feature. If you would like the complete article, contact our office.

"Well, so far, so good. During the past 31+ years, clients of Century Management have earned a compound return of 15.6% per year after all fees and expenses (before fees, they've earned 17.1%) versus 13.5% and 12.4% per year for the S&P 500 and the NASDAQ, respectively. By the way, those figures include clients' holdings in cash and bonds..."
read the article


"If past bubbles are any indication, this one's aftermath will be a doozy." was published in the April 30, 2004 issue of Outstanding Investor Digest. This 18-page PDF was excerpted from a talk given by Arnold Van Den Berg to Century Management clients in January of 2004.



"Since founding Century Management back in 1974, Arnie Van Den Berg has handily beaten all of the indices. Through March 31,2004, he's managed to earn returns of 17.6% per year before fees versus 13.9% and 12.8% per year for the S&P 500 and the NASDAQ respectively..."
read the article

 

"November, 2010 Value Investor Newsletter" (11/26/10)

"The scope of this publication is the greatest since our December, 2004 issue of the CM Value Investor..." (Please note that this is an 84 page document and a 2.5MB download. To simplify your navigation through the document, we have provided bookmarks for each subject heading. To access the bookmarks, click the small triangle on the left edge of the PDF's screen. That will open the bookmark panel.)
Read the article

"October, 2009 Value Investor Newsletter" (10/12/09)

"As we begin our fourth quarter, we would like to update you on our year-to-date results, as well as share with you some of our overall thoughts..."
Read the article

"July, 2009 Value Investor Newsletter" (7/25/09)

"The economic deterioration that took place at the end of 2008 through the first part of 2009 was both swift and severe..."
Read the article

"Is Inflation In Our Future?" (3/26/09)

"Many of our clients are concerned by the actions taken by the Federal Reserve and Congress. The debt incurred by vaious "bailout" plans and the expansion of the Federal Reserve balance sheet are the biggest of these concerns..."
Read the article

 

Commentaries and Stories

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5-year lows: Walter Energy, HHGregg Inc, Dawson Geophysical Co, and Female Health Co.
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5-year lows: Fuel Systems Solutions Inc, Dawson Geophysical Co, Forest Oil Corp, and Cytori Therapeutics Inc.
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Latest Real Time Picks From The Gurus Chuck Royce,Arnold Van Den Berg,Paul Singer,Lee Ai - Latest Real Time Picks From The Gurus
The Real Time Picks section of GuruFocus is a great way to ideas from the investing gurus. We currently follow 147 guru portfolios. If a guru makes a purchase or sale of a company in which he or she owns a greater than 5 percent stake, SEC regulations require the trade to be reported within 10 days. Some of the gurus report their trades within 2 days. The type of filing can disclose whether the trade is a passive (Schedule 13G) or activist (Schedule 13D) holding. The link to the filing is available through the Real Time Picks section. The latest picks are from Chuck Royce, Arnold Van Den Berg, Paul Singer, Lee Ainslie, and Mario Gabelli. More...

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Soros, Dreman and Louis Moore Bacon Sold This Expensive Stock
In this article, let´s consider EMC Corporation (EMC), a $59.93 billion market cap, which has a trailing P/E ratio that indicates that the stock is relatively undervalued (PE 24.2x vs Industry Median 31.8x). More...

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Words of Wisdom and Advice, with Arnold van den Berg of Century Management
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ARNOLD VAN DEN BERG, CENTURY MANAGEMENT


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5-year lows: Aeropostale Inc, Multi-Fineline Electronix Inc, Layne Christensen Co, and Forest Oil Corp.
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5-year lows: Layne Christensen Co, Hansen Medical Inc, API Technologies Corp, and Female Health Co.
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Top Insider Sells Highlight: Intel Corp
Exec VP and CFO of Intel Corp (INTC) Stacy Smith sold 614,432 shares on July 17 at an average price of $33.92. The total transaction amount is $20,841,532. More...

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Investor Arnold Van Den Berg's Top 5 New Second-Quarter Stocks Arnold Van Den Berg - Investor Arnold Van Den Berg's Top 5 New Second-Quarter Stocks
Arnold Van Den Berg (Trades, Portfolio), founder of Century Management, told investors at the 11th Annual Value Investor Conference in Omaha, Nebraska in May that he was greatly concerned about the economic consequences of ending quantitative easing. He envisioned that it could be “a repeat of the 1970s” due to the risk of inflation and multiple declines. Even if this happens, he still has faith in U.S. investing. More...

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Arnold Van Den Berg's Gold Mining Stocks Rally Arnold Van Den Berg - Arnold Van Den Berg's Gold Mining Stocks Rally
Arnold Van Den Berg (Trades, Portfolio) of Century Management drew much notice in the third quarter, when he loaded up his portfolio with mining companies — a group that had plunged in recent years. From its historic peak in September 2011 through the end of 2013, the Market Vectors Gold Miners ETF (GDX) slid by about 67%. This coincided with, though approximately doubled, the fall in gold price, which lost roughly 35% over the same period. More...

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Stocks at 5-Year Lows: RetailMeNot Inc., Fifith Street Finance Corp, Weight Watchers International Inc., Diamond Offshore Drilling Inc.
According to GuruFocus list of five-year lows, these Guru stocks have reached their five-year lows: RetailMeNot Inc., Fifith Street Finance Corp, Weight Watchers International Inc. and Diamond Offshore Drilling Inc. More...

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Arnold Van Den Berg Presentation - Value Investing During Worldwide Quantitative Easing
I would like to thank you for inviting me and Century Management to be part of this wonderful conference. As I was preparing for this program, I thought that sharing my experiences and lessons learned during the early 1970s, when the country had a high rate of inflation, might be of interest to you as a value investor. I believe this is a relevant topic today, because we may experience higher inflation at some point given the Federal Reserve's— and for that matter most of the world's—embracement of quantitative easing. Although I'm not predicting it, and I am hoping it does not happen, it is possible we could experience a repeat of the 1970s, and therefore, we need to be prepared. The five points I hope to cover today are listed on Chart 2. More...

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Arnold van den Berg: The Risk of Inflation and How to Protect Your Portfolio Against It Arnold van den Berg - Arnold Van Den Berg: The Risk Of Inflation And How To Protect Your Portfolio Against It
During the Annual Value Investor’s Conference (May 1-2, Omaha), Austin, Texas based value investing veteran Arnold van den Berg gave an excellent review on the possibility of inflation and what investors should do to protect themselves from it and even profit from it. In early 1970s, when Mr. van den Berg was just starting out, inflation was still tame. But it quickly ramped up to double digits. S&P 500 lost 50% in three years and the overall market valuation dropped dramatically and stayed low for years. He is seeing similar risks in the current market. More...

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Eastman Is an Outperforming Chemical Company with Interesting Outlook
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LONG, DIVERSIFIED, CHEMICALS


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Charles Schwab Is a Fast Growing Stock
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LONG, SAVINGS, LOAN, HOLDING


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Dividend Discount Model Indicates a Buy for Potash Corporation
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Arnold Van Den Berg adds Wells Fargo to his Top Five Holdings of the First Quarter Arnold Van Den Berg - Arnold Van Den Berg Adds Wells Fargo To His Top Five Holdings Of The First Quarter
Arnold Van Den Berg is the founder of Austin-based Century Management. He and his team seek companies that are trading at discounts to their intrinsic value either because they are lesser known, have a short-term problem or are temporarily out of favor. More...

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Investor Arnold Van Den Berg Buys Another Slew of Miners in Q1 Arnold Van Den Berg - Investor Arnold Van Den Berg Buys Another Slew Of Miners In Q1
Century Management’s Arnold Van Den Berg (Trades, Portfolio) already reported his first quarter portfolio. He bought fewer stocks this quarter than in the previous quarter, with 14 new buys compared to 22. The decreased purchasing could be related to his wariness of the U.S. economy’s stability. In his February note, “Inflation, Gold and Gold Mining Companies,” he wrote: More...

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Five-Year Lows: LinnCo LLC, Suburban Propane Partners LP, Fresh Market Inc. and Molycorp Inc.
According to GuruFocus list of 5-year lows, these Guru stocks have reached their 5-year lows: LinnCo LLC, Suburban Propane Partners LP, Fresh Market Inc, and Molycorp Inc. More...

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Investor Arnold Van Den Berg Puts 10% of Portfolio in Discounted Gold Mining Stocks Arnold Van Den Berg - Investor Arnold Van Den Berg Puts 10% Of Portfolio In Discounted Gold Mining Stocks
As gold was finishing its historic three-year rally in 2012, gold mining stocks were beginning their historic two-year crash. In 2013, gold began to pull back, but gold mining stocks plunged by almost twice as much. Value investors who typically heed Warren Buffett (Trades, Portfolio)’s admonition that gold has zero ability to produce began to take notice of the deeply discounted sector that produces the gold. More...

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