UnitedHealth and Intel: Billionaire David Tepper Pulls the Trigger on These 2 Contrarian Stocks
More than 15 years ago, hedge fund manager David Tepper pulled in a $7 billion profit by backing Bank of America and Citigroup in the midst of the great financial crisis. His investment in those banks ran counter to the common wisdom at the time – but it perfectly encapsulated his contrarian approach to investing.
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Tepper, who founded hedge fund Appaloosa Management in 1993 and has a personal fortune north of $21 billion, has always held to two main principles: seek out value, and don’t worry about the common wisdom. Market sentiment plays no…
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