RWH006: MASTER YOUR MIND

W/ ARNOLD VAN DEN BERG

09 May 2022

In today’s episode, William Green speaks with Arnold Van Den Berg, who has run a renowned investment firm, Century Management, for almost half a century. Arnold, a Holocaust survivor who never went to college and taught himself to invest, explains how he overcame extreme adversity to become a successful money manager. Drawing on this experience, he shares powerful, practical lessons about how to master your mind and create a truly abundant life.

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IN THIS EPISODE, YOU’LL LEARN:

  • How a teenage girl saved Arnold Van Den Berg’s life during the Holocaust.
  • How he learned to live a life guided by principles and the search for truth.
  • What his father taught him about the extraordinary power of the mind.
  • How Arnold transformed his body and mind to become a champion athlete.
  • Why “the single most important thing in life is what you believe.”
  • How Arnold taught himself to invest with no college degree or professional training.
  • What he learned from Ben Graham (and his own mother) about buying bargains.
  • Why the key to picking stocks is having the discipline to buy cheap.
  • How visualization helped him to become a successful money manager.
  • How to use hypnosis and affirmations to reprogram your subconscious mind.
  • What specific affirmation he repeats thirty times a day.
  • What advice Arnold has for people who are suffering now.

TRANSCRIPT

Disclaimer: The transcript that follows has been generated using artificial intelligence. We strive to be as accurate as possible, but minor errors and slightly off timestamps may be present due to platform differences.

William Green (00:00:03):
Welcome folks. I’m excited to introduce today’s guest, Arnold Van Den Berg. Arnold is one of the most extraordinary people I’ve ever encountered. As the founder of an investment firm called Century Management, he overcame tremendous adversity to build an exceptional record as a money manager over the last four decades or so. That’s a particularly amazing achievement given that he grew up in hiding in an orphanage during the Holocaust, barely made it through high school and taught himself to invest without any college education or any formal training. As you’ll hear, his life story is absolutely riveting. But what also makes Arnold stand out for me is that he’s such a likable, decent and generous spirited person and he has this irrepressible enthusiasm for helping other people, including me, come to think of it. That when I worked on my book, Richer, Wiser, Happier, one of the first things I did was travel to meet with him in Austin, Texas. And before I left, he made sure to hypnotize me on the floor of his office so that he could change the way I think and speak to myself. And I regard Arnold really is a wonderful role model and mentor, and a great example of what it means to live a truly abundant life, which obviously goes way beyond just financial success.

William Green (00:01:14):
In this episode, we don’t talk that much about investing at all, except mostly for a brief discussion of why he bought energy stocks a couple of years ago when they were dirt cheap and pretty much nobody other than him wanted to buy them. Instead, what we talk about in depths here is how Arnold transformed his life by taking control of his mind. And we talk in some detail about what you and I can learn from him about how to improve our own lives. I hope you find this conversation as captivating and inspiring and really as helpful as I did. Thank you so much for joining us.

Intro (00:01:49):
You’re listening to the Richer, Wiser, Happier podcast, where your host William Green interviews the world’s greatest investors and explores how to win in markets and life.

William Green (00:02:09):
Hi everyone. It’s a huge pleasure to introduce my guest Arnold Van Den Berg. In my book, Richer, Wiser, Happier, I write in great depth about Arnold’s extraordinary story. And I thought I’d start by reading you the paragraph in which I first introduce him, because it’ll give you a sense of why I’m so delighted that he’s here with us today to share his wisdom about investing in life. So here’s what I wrote about him. “When I think about what constitutes a successful and abundant life, the investor who embodies it best for me is Arnold Van Den Berg. He’s not a billionaire or a genius. He doesn’t own a yacht or a plane yet there’s nobody in the investment world whom I admire more. If I had to choose just one role model from all of the remarkable investors I’ve interviewed over the last quarter of a century, it would be him. He was dealt a terrible hand, but has defied overwhelming odds to achieve a life of prosperity that goes far beyond money.”

William Green (00:03:02):
Arnold, I wonder if you could start by telling us about the first, say, six years of your life so our listeners get a sense of why I believe the odds were stacked against you. And then we’ll talk more about how you overcame that and built this life that I regard as a tremendously successful and abundant life. So thank you. The stage is yours. Tell us about your youth.

Arnold Van Den Berg (00:03:23):
Okay. Well, I guess we’ll start where I was born. I was born in Amsterdam, Holland. My folks lived on the Prinsengracht, which is the same street that Anne Frank lived on. We lived at 823 Prinsengracht. She lived at 267 Prinsengracht and everything was fine with my folks. My dad was born in Germany and my mom was born in Poland. And when Hitler started in Germany, they migrated to Holland and they built a fairly successful business and they were living in a real nice neighborhood. And then of course, what happened is Hitler and Germany invaded Holland and they started rounding up the Jews. And so we had to go into hiding just like Anne Frank’s folks went. They went into an attic. My mom and dad had some very good friends, Hank and Marie Bunt, who offered to hide them at a great risk to their life. If they were caught, they would be sent to a concentration camp, just like my folks have been eventually into that.

Arnold Van Den Berg (00:04:24):
But anyway, there was a problem that came up as I visited the home afterwards. They had a closet with clothes hanging down and there was a fake wall behind it and they can sneak behind the wall and then it would close up and if anybody was searching the house, they wouldn’t be able to find it. The problem was, they had me. I was two and a half years old and my older brother who was five and a half, and it would be very difficult to keep me quiet when somebody is searching the house when you’re a small kid. And I always tell people, nothing has changed. It’s hard to keep me quiet now too. So they tried different things. We had a maid and her parents decided that they would take a chance to take us and we lived with them for a while. That didn’t work out. We went somewhere else, but finally there was no long term solution.

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BOOKS AND RESOURCES

  • William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book.
  • Man’s Search for Meaning by Victor Frankl.
  • The Wisdom of Your Subconscious Mind by John Williams.
  • Think and Grow Rich by Napoleon Hill.
  • Molecules of Emotion by Candace Pert.
  • Healing Back Pain by John Sarno MD.
  • The Genie Within by Harry Carpenter.
  • Mind is the Master by James Allen, including “From Poverty to Power”.
  • The Dilbert Future by Scott Adams.
  • William Green’s Twitter.
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