Does Billionaire David Tepper Know Something Wall Street Doesn't?

The S&P 500's (SNPINDEX: ^GSPC) average annual total return over the long term has been around 10%. Hedge fund manager David Tepper has achieved an average annual return of more than 25% since the inception of his firm, Appaloosa Management, in 1993. Today, Tepper's net worth tops $21 billion. Clearly, he has made better decisions than most investors throughout much of his career. But does the billionaire investor know something now that the rest of Wall Street doesn't? The so-called "Magnificent Seven" stocks skyrocketed in 2024, and Appaloosa Management profited from their momentum, as several of those giant tech companies were among its top holdings. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool