NASDAQ – Hedge fund billionaire David Tepper is one of the few investors that made money in both the market crash of 2009 and the recoveries in 2009. You would wonder how he can time the market.
One thing he does the best is to buy distressed debt/stocks when no one wants them. He has built a great record out of that and made himself multi-billionaire. It makes us thinking when we observe that David Tepper make a lot buys than sells during the third quarter of 2012. He must be extremely bullish. Especially he bought into distressed financials like AIG, which is now his 4thlargest holding.