Practical Induction: Silva and Counting Backwards

In this episode, William Green chats with Arnold Van Den Berg, a revered investor whom he spotlighted in his book, Richer, Wiser, Happier. Against all odds, Arnold has run a highly successful investment firm for 50 years. Here, he discusses what he’s learned about how to succeed in markets & life; shares practical tools that he’s found transformative; & explains how he’s positioned to survive & thrive in the most overvalued US stock market he’s ever seen.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro 06:57 - How extreme focus saved the life of Arnold Van Den Berg’s father. 14:05 - How to develop one-pointed focus & get into a flow state. 18:50 - What Dostoevsky taught Arnold about avoiding lies & discerning truth. 40:58 - How Arnold overcame a terrible self-image & “reprogrammed” himself. 40:58 - How he taught himself to be a successful investor. 01:34:51 - What habits he practices every day, including his favorite affirmations. 01:47:53 - How he remains optimistic amid adversity. 01:51:56 - Why he’s betting big on gold, silver, uranium, oil & natural gas. 01:51:56 - Why he thinks the S&P 500 “is one of the worst things you could buy.” 01:57:54 - Why he warns against long-term Treasury bonds & “anything with leverage.” 02:02:24 - How he & his firm are harnessing Artificial Intelligence. 02:09:59 - What brings him the greatest happiness. 02:19:02 - What you’ll learn from his favorite book about the “real secret to life.”

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more ⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠.
• Join the exclusive ⁠⁠⁠⁠⁠TIP Mastermind Community⁠⁠⁠⁠⁠ to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
• Inquire about William Green’s ⁠Richer, Wiser, Happier Masterclass⁠.
• Arnold Van Den Berg’s investment firm, Century Management.
• Write to request Arnold’s report on one-pointed focus. 
• Mihaly Csikszentmihalyi's ⁠Flow⁠.
• Victor Frankl's Man’s Search for Meaning⁠.
• Fyodor Dostoevsky's ⁠The Brothers Karamazov.⁠
• James Nestor's Breath⁠.
• Leslie Lecron's Self Hypnotism.⁠
• Harry Carpenter's The Genie Within⁠.
• Harry Carpenter’s audio recordings for relaxation & self-hypnosis.
• James Allen' Mind is the Master⁠, including “From Poverty to Power”.
• William Green’s 2022 podcast interview with Arnold Van Den Berg.
• William Green’s 2023 podcast interview with Arnold Van Den Berg.
• William Green’s book, “Richer, Wiser, Happier” – ⁠⁠⁠read the reviews of this book⁠⁠⁠.
• Follow William Green on ⁠⁠⁠⁠⁠X⁠⁠⁠⁠⁠.
• Check out all the books mentioned and discussed in our podcast episodes ⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠.
• Enjoy ad-free episodes when you subscribe to our ⁠⁠⁠⁠⁠Premium Feed⁠⁠⁠⁠⁠.

NEW TO THE SHOW?

• Get smarter about valuing businesses in just a few minutes each week through our newsletter, ⁠⁠⁠⁠⁠The Intrinsic Value Newsletter⁠⁠⁠⁠⁠.
• Check out our ⁠⁠⁠⁠⁠We Study Billionaires Starter Packs⁠⁠⁠⁠⁠.
• Follow our official social media accounts: ⁠⁠⁠⁠⁠X (Twitter)⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠Instagram⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠Facebook⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠TikTok⁠⁠⁠⁠⁠.
• Browse through all our episodes (complete with transcripts) ⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠.
• Try our tool for picking stock winners and managing our portfolios: ⁠⁠⁠⁠⁠TIP Finance Tool⁠⁠⁠⁠⁠.
• Enjoy exclusive perks from our ⁠⁠⁠⁠⁠favorite Apps and Services⁠⁠⁠⁠⁠.
• Learn how to better start, manage, and grow your business with the ⁠⁠⁠⁠⁠best business podcasts⁠⁠⁠⁠⁠.

SPONSORS

Support our free podcast by supporting our ⁠sponsors⁠:

• Simple Mining⁠
• ⁠HardBlock⁠
• ⁠Human Rights Foundation⁠
• ⁠Linkedin Talent Solutions⁠
• ⁠Netsuite⁠
• ⁠Shopify⁠
• ⁠Vanta⁠
• ⁠Abundant Mines⁠

Support our show by becoming a premium member! ⁠⁠⁠⁠https://theinvestorspodcastnetwork.supportingcast.fm⁠⁠⁠⁠

Learn more about your ad choices. Visit megaphone.fm/adchoices

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm