An analysis by Jim Brilliant, CFA and Co-Chief Investment Officer, examining how the Price-to-Earnings (P/E) ratio interacts with interest rates and equity risk premiums to influence market valuations and investor behavior over time.
Explore Century Management’s November 2025 investment outlook, including portfolio positioning, sector expectations, and strategic insights from Jim Brilliant, CFA, and Scott VanDenBerg, CFP®, ChFC®, AIF®, CEPA®.
Everyone is debating whether today’s GPUs will remain economically useful for the 4–6 years implied by current depreciation schedules. But this debate often misses a crucial variable: The Network.
CIO Jim Brilliant, CFA, says the S&P 500’s high valuations aren’t a 2000-style bubble, supported by strong tech earnings. He sees a possible 20% correction if energy prices rise but notes resilient earnings, strong AI demand, and 2026 tax incentives supporting investment.
Just a few weeks ago, we released our Q1 2025 Market & Portfolio Update. However, given the sweeping changes announced in U.S. trade policy—namely the introduction of broad, reciprocal tariffs..
As we progress into early 2025, the global economic environment continues to evolve, shaped by factors like ongoing inflation, changing monetary policies, geopolitical tensions, fluctuations in energy markets..
Join us for an exclusive webinar hosted by Scott Van Den Berg, President of Century Management Financial Advisors, with special guest Christopher Holtby, Co-Founder of Wealth Trust Advisors Trust Company.
Arnold Van Den Berg was recently quoted in Barrons’s on the topic of gold. One section of the article highlighted the growing imbalance between government tax receipts and spending, which will likely force..
Navigating retirement planning is akin to embarking on an adventure through unfamiliar waters. It may seem daunting at first, but it's a challenge that can be successfully managed with the proper guidance..
In our last few letters, we discussed our view that inflation would remain higher and “stickier” than most were forecasting and well above the Federal Reserve’s 2% target. We anticipated this would force the..