David Tepper: The Billionaire Investor Who Thrives on Chaos
David Tepper, the founder of Appaloosa Management, is one of the most influential hedge fund managers in the world. With a reputation for taking calculated risks and thriving in volatile markets, Tepper's investment strategies have earned him billions and established him as a legend on Wall Street. His journey, however, is as compelling as his knack for picking winners in the stock market. Early Life and Career Beginnings Born in Pittsburgh in 1957, Tepper grew up in a middle-class family. He attended the University of Pittsburgh, earning a degree in economics, before going on to obtain an MBA from Carnegie Mellon University's Tepper School of Business (which, interestingly, was renamed after him following a generous $55 million donation). Tepper started his career at Equibank as a credit analyst, followed by a stint at Republic Steel. But his big break came when he joined Goldman Sachs in 1985, working in the high-yield bond trading department. It was here that Tepper honed hi...