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A permanent page devoted to David Tepper has been added to Value Walk. Over the next few months I will be adding 1-3 resource pages a week on famous current and legendary investors. I will keep them a surprise to increase the excitement, so make sure to check back frequently. Or follow me on Twitter, Facebookor Feedburner.
The David Tepper Page can be found under current value investors on the top toolbar, or at the following link-https://www.valuewalk.com/david-tepper-resource-page/. Below is a brief excerpt from the page:
David Tepper started Appaloosa Management, a distressed debt hedge fund in 1993. David Tepper is widely admired for being a brilliant investor and generous philanthropist. Mr. Tepper comes from a relatively humble background. He graduated from Peabody High School in Pittsburg where he was a good student but not an “A” student. . He went on to get a bachelor’s degree from the University of Pittsburgh, and an MBA from the Carnegie Mellon University.
David Tepper was first introduced into the world of investing by his father. His father was a small investor who gifted him his first investments, Pennsylvania Engineering Co. and the soon to be bankrupt, Career Academies. David Tepper first got involved in the financial management business when he took a position with Keystone Mutual Funds in 1984. In 1985, he was recruited by Goldman Sachs and took a job in their high yield group. Tepper’s talents were obvious, and he became the group’s head trader within six months. Mr. Tepper worked for Goldman Sachs until late 1992, when he left after repeatedly being passed over for partnership. In early 1993, he founded the Appaloosa Management Hedge Fund, which he still runs today. He started the fund with $57 million, and now manages close to $4 billion. Tepper’s decision to leave Goldman Sachs and start Appaloosa Management was an extremely profitable one. Forbes magazine estimates his current net worth at around $5 billion.
Investment Philosophy
David Tepper is an expert in distressed equity and debt investing. He invests in all different classes and in all different countries. He has bought futures on the Korean Won, AIG Debt, Russian Debt, Bank of America equity, as a few examples.
Full page here-https://www.valuewalk.com/david-tepper-resource-page/
