Billionaire Investor David Tepper Recently Dumped Appaloosa Management's Stake in Sandisk and Initiated a New Position In a Stock That Some Wall Street Experts Think Could Eventually Be Worth $10 Trillion
Tepper's track record makes him one of the best in the business.
Overview
There aren't too many investors better than David Tepper.
Tepper worked at Goldman Sachs for seven years, starting in 1985. He then founded his own fund, Appaloosa Management, in 1993. From 1993 to 2019, Appaloosa generated average annual returns of 25%, putting it in a league with the great Warren Buffett.
Details
In 2019, Tepper converted Appaloosa into a family fund, which he still runs today. In the second quarter, Appaloosa exited its stake in Sandisk and initiated a new position in a company that some Wall Street experts think could one day be worth $10 trillion.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.