David Tepper (September 11, 1957, Pittsburgh, Pennsylvania ) is an investor, hedge fund manager. Net Worth US$11.7 billion (February 2017).

In the 2012 tax year, Institutional Investor’s Alpha ranked David Tepper first, for earning a $2.2 billion paycheck marking him the world’s 4th highest earning hedge fund manager.

Carnegie Mellon University has a business school named after Tepper, (Tepper School of Business) following Tepper’s donation of $67 million to Carnegie Mellon University.

David Tepper was raised in a modest Jewish family on the East End of Pittsburgh. His father was an accountant and his mother an elementary school teacher.

He attended Peabody High School and then the University of Pittsburgh where he worked part time at the Frick Fine Arts Library to help pay for his tuition fees.
He graduated with honors, receiving a Bachelor of Arts degree in economics.

David Tepper, unlike most of his peers, showed no early indication that he would become one of the world top investors. He dabbled with stocks while at college without much success. His first two investments were Pennsylvania Engineering Co. and Career Academies-both companies went bankrupt.

David Tepper started his career working for Equibank as a credit analyst in the treasury department. But dissatisfied with his position he would leave and enroll at Carnegie Mellon University’s business school to pursue Master of Science in Industrial Administration (today is known as an MBA).

Tepper earned his MBA in 1982 and then accepted a position in the treasury department of Republic Steel in Ohio. In 1984, he was recruited to Keystone Mutual Funds.

In 1985, David Tepper was recruited by Goldman Sachs, as a credit analyst. Within six months Tepper became the head trader on the high-yield desk at Goldman, which focused on bankruptcies and special situations. He would work for Goldman for seven years and in 1992 he would leave the New York firm to start Appaloosa Management in 1993.

In the 2012 tax year, David Tepper would earn a $2.2 billion paycheck making him the world’s 4th highest earning hedge fund manager, according to Institutional Investor’s Alpha

Institutional Investor’s Alpha ranked David Tepper first, for earning a $2.2 billion paycheck marking him the world’s 4th highest earning hedge fund manager

INVESTMENT STYLE

David Tepper is bullish on technology stocks. Moreover, despite current price earning ratios Tepper recently said stocks are nowhere near overheated.

An article on David Tepper’s overconfidence could be inaccurate…
“Billionaire David Tepper thinks…”? There is a big distinction between what someone thinks and what they say. What Tepper says in public is one thing and what he thinks in private might also be another.

Moreover, is Rothchild (the world’s only trillionaire) who recently said “we do not believe this is an appropriate time to add to risk……share prices have in many cases risen to unprecedented levels” making a ridiculous comparison?

So could David Tepper’s display of public optimism be a red herring for investors? I am thinking of the Goldman classic; tell the market to Zig, while we Zag. Time will tell.

Remember it is a zero sum game where a few make fortunes out of the losses of the many (creating, building and inventing nothing of tangible value)- the green on your screen (profit) is someone’s red (loss).

For better or worse we’re a herd leader. We’re at the front of the pack, we are one of the first movers. First movers are interesting, you get to the good grass first, or sometimes the lion eats you – David Tepper

LEARNING RESOURCES

David Tepper is bullish on technology stocks. Moreover, despite current price earning ratios Tepper recently said stocks are nowhere near overheated.

“Any comparisons to past overheated markets are ridiculous. … Look at where multiples and rates were in 1999. I’m not saying stocks are screaming cheap, but you’re nowhere near an overheated market,” David Tepper told CNBC’s

Technology stock “multiples are still low” he added. “They just look cheaper than any other part of the market even though they moved.”

This conpany looks cheap, that company looks cheap but the overall economy could completely screw it up. The key is to wait. Sometimes the hardest thing is to do nothing – David Tepper

CONNECT WITH INVESTOR

Follow this World Top Investor via their various social media channels and read more about their background and current investment interests on their official website:

David Tepper
http://amlp.com

TRADING SOFTWARE

Dan Loeb targets Sony. Dan Loeb is an activist investor and founder of Third Point, which oversees about $14.5 billion in assets.

Last year the activist investor viewed Campbell soup as a bargain when Third point reported that the soup maker could fetch a takeover value of $52 to $58 per share.

A year later and the activist investor Dan Loeb targets Sony

Dan Loeb's activist hedge fund Third Point is raising an investment vehicle to generate between $500 million and $1 billion so it can continue to buy Sony shares, according to a recent report in Reuters.