Here are articles from Century Management and articles written about us. For our recommendations of informative books, please go to the RECOMMENDED READING page.

"Interest Rates & Inflation"
There have been many discussions about interest rates over the last year. We feel it is extremely important to understand the relationship between interest rates, stocks and bonds because the movements of one will affect the value of the other. While we will be discussing these relationships, we would like to point out that we try not to make predictions on interest rates, the economy or, for that matter, the weather...

"Toys R Us vs. eToys"
As most of you are probably aware, there is considerable excitement about the Internet, especially the Internet stocks. While we share investor's enthusiasm of the Internet and truly believe that it is a revolution in marketing and distribution, we do not share the investor's euphoria when it comes to the valuations of Internet stocks. As a matter of fact, when we reviewed some of the Internet stock valuations we were beginning to wonder if the law of gravity had been repealed...

"The Outlook for the S&P"
"If an equity investment does not have the potential to have a return greater than a tax-free bond, there is not much value." Over the next 10 years we believe that the return on the S&P will be between...

"Summary Review"
We know that through past experience and market history that the most popular stocks are not always the best values, and therefore, are not always the best investment for the long-term investor...

"The Indexes"
The S&P 500 is today's mania. Let's review to see why. The S&P is comprised of the 500 largest companies in the universe of almost 10,000 stocks. The S&P 500 is capitalization weighted. This means that the larger the company, the greater the impact it has on the S&P index...

"Value Investing"
The ultimate value of a company is the present value of its future cash flows. However, this most basic concept sometimes gets overlooked by many investors, as they simply look for companies with recognizable names or that are in the current spotlight as places to invest without regard for the companies' future earning power and growth rate...

Letter to Clients after Tragic Events of September 11, 2001
The tragic events of this week will last in our memories forever. We would like to extend our deepest sympathies and condolences to the victims of this tragic crime and their families. This unthinkable act has been enormously unsettling for all of us. Many of you have called our office asking what effects this will have on the financial markets...

"Stock Updates"
On August 31, 1999, Galileo Corporation changed its name to NetOptix to focus attention on the fact that their primary business efforts were now directed toward the production of thin-film WDM optical filters. NetOptix gives new meaning to the term volatility. Under the old name of Galileo, we had originally accumulated a position in this stock with an average price of $7...

"Extraordinary Values"
"Investments must be rational; if you don't understand it, don't do it!"...

"Second Quarter Highlights"
We are happy to report that there was a significant increase in the value of your portfolio during the second quarter. There are two main reasons for this increase. First, many of the companies had outstanding performances...

"Companies We Own"
"Currently their industries are very unpopular
and that is why you can buy them at discounts
of up to 50%" ...

"The Market Comes Full Circle"
With 1999 well underway, Century Management is entering its 25^th year in the money management business. The past twenty-five years have afforded us the opportunity not only to have read about market history and its many cycles, but to have lived and worked through them. Since 1974, we have seen many market...

"Principal Principle" by Barbara Wray; published in the Austin Business Journal, February 16-22, 2001 issue.

"If customer commitment can be encapsulated in one principle, Austin-based Van Den Berg Management Inc. accomplishes that. Company policy dictates that all employees and principals invest in every stock their clients own -- and nothing else, except a personal residence..."