David Tepper
David Tepper
David Alan Tepperis an American hedge fund manager and the founder of Appaloosa Management. His investment specialty is distressed companies. In recent years he has become known as a philanthropist, and in 2013 he donated his largest gift of $67 million to Carnegie Mellon University, whose Tepper School of Business is named after him. He earned his BA in Economics from the University of Pittsburgh in 1978 and his MS in Industrial Administration from the Tepper School of Businessof Carnegie...
NationalityAmerican
ProfessionBusinessman
Date of Birth11 September 1957
CountryUnited States of America
When we started Appaloosa, we were going to name it Pegasus because everyone was using Greek names. We filed the name. We paid $300, and they said you cannot use it because it is taken. Pegasus Funds. Then we said Pegasus is kind of a horse. We did not want to be the Unicorn Fund. So we pulled out a horse book.
It's our contention that equity may be in the money, depending on where the liabilities lie.
I am the animal at the head of the pack. … I either get eaten, or I get the good grass.
GM will do what's best for GM, and Delphi should do what's good for them.
This company looks cheap, that company looks cheap, but the overall economy could completely screw it up. The key is to wait. Sometimes the hardest thing to do is to do nothing.
The key is to wait. Sometimes the hardest thing to do is to do nothing.
There is a time to make money and a time to not lose money.