Arnold Van Den Berg is the head of Austin, Texas-based money manager Van Den Berg Management, which has done business as Century Management since 1974. He started out as a life insurance agent based in Los Angeles for John Hancock Life Insurance Company from 1966 to 1968. He then became a stockbroker for Capital Securities in Los Angeles and worked there until 1974.
His strategy is to buy stocks at a 40% to 65% discount to what the firm thinks is the company's current intrinsic value. The firm's primary equity fund, CM Value I Composite, has had an average annual audited return of 14.88% net of fees for 33 years, from 1974 through 2007.
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