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Does Billionaire David Tepper Know Something Wall Street Doesn't?
The S&P 500's (SNPINDEX: ^GSPC) average annual total return over the long term has been around 10%. Hedge fund manager David Tepper has achieved an average annual return of more than 25% since the inception of his firm, Appaloosa Management, in 1993. Today, Tepper's net worth tops $21 billion. Clearly, he has made better decisions than most investors throughout much of his career. But does the billionaire investor know something now that the rest of Wall Street doesn't? The so-called "Magnificent Seven" stocks skyrocketed in 2024, and Appaloosa Management profited from their momentum, as several of those giant tech companies were among its top holdings. Continue reading
The S&P 500's (SNPINDEX: ^GSPC) average annual total return over the long term has been around 10%. Hedge fund manager David Tepper has achieved an average annual return of more than 25% since the inception of his firm, Appaloosa Management, in 1993.
Today, Tepper's net worth tops $21 billion. Clearly, he has made better decisions than most investors throughout much of his career. But does the billionaire investor know something now that the rest of Wall Street doesn't?
The so-called "Magnificent Seven" stocks skyrocketed in 2024, and Appaloosa Management profited from their momentum, as several of those giant tech companies were among its top holdings.
