http://www.bloomberg.com/video/appaloosa-s-tepper-says-stock-markets-no…
Very interesting to hear him speak as usual. Up 40% this year....this guy is just killin it.
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When you leverage up, go long as hell, and are lucky to be in a cracked out market that continues to go up, then it's not that hard.
Lol I love when people find excuses for success. You are aware that Appaloosa doesn't really use leverage, correct? Was last years stellar return also luck? How about 2009? Or the other years where he had triple digit returns? Or the 40% gross CAGR? Yup must be all luck. I'm sure your PA does better than that
You've gotta be dumb as hell to think that they're not using leverage with those kind of returns.
And I never said it was luck, just saying this year is especially easy if you went long the market and smacked some leverage on top.
Or you've gotta be dumb as hell to think that everyone who outperforms the market by a wide margin is using leverage. Oh that and the fact that you believe Tepper is point-blank lying on national TV. I get that he's Wall Street and all, but come on, he's no Goldman Sachs..
It makes no sense for a manager of his size to have a book of fully-funded positions (no lev). And I am calling him on BS. Chances are he's just not borrowing up to the levels he was when he started to get fked over. He can say whatever the hell he wants on CNBC, doesn't mean its all true.
they do not use leverage... i know. Only in very very extenuating situations, every since Teppers 60% down year the year of the russian debt crisis he basically uses no leverage. Despite this he annualizes 40% for himself 30% for investors since 1993. He is the greatest investor in the world.
they do not use leverage... i know. Only in very very extenuating situations, every since Teppers 60% down year the year of the russian debt crisis he basically uses no leverage. Despite this he annualizes 40% for himself 30% for investors since 1993. He is the greatest investor in the world.
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No leverage
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Idiot interviewer... how hard is it to find another Maria Bartiromo vs this dumb clueless bitch
-"This is great for the Chinese, they get to have more sex" -"I'd rather work at McDonald's than a bank" -"I worked at the Kosher pickle in high school"
If you had to guess what they are using for leverage, what would your guess be?
It totally depends on what they're trading and what kind of deals they've got with their primes. I'd guess around 3x-5x, but that's still a guess.
(Source: I work in PB)
One does not "gotta be dumb as hell to think they're not using leverage with those kinds of returns."
http://www.cnbc.com/id/39382536
The more important question: Did Tepper tap that ass?
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