For 15, 17 years you had a river flowing one way, just flowing, you could just say a money flow, reserves got up to $10-11 trillion around the world, sometime this year, you had the reserves flowing the other way what happens when you have two bodies of water flowing different ways? What do you get? You get turbulence, you get waves.

David Tepper

Categorized in : Company News

This company looks cheap, that company looks cheap, but the overall economy could completely screw it up. The key is to wait. Sometimes the hardest thing to do is to do nothing.

keys waiting looks

The key is to wait. Sometimes the hardest thing to do is to do no... by David Tepper

The key is to wait. Sometimes the hardest thing to do is to do nothing.

keys waiting sometimes

There is a time to make money and a time to not lose money. by David Tepper

There is a time to make money and a time to not lose money.

making-money loses

I am the animal at the head of the pack. … I either get eaten, or... by David Tepper

I am the animal at the head of the pack. … I either get eaten, or I get the good grass.

packs grass animal

GM will do what's best for GM, and Delphi should do what's good f... by David Tepper

GM will do what's best for GM, and Delphi should do what's good for them.

It's our contention that equity may be in the money, depending on... by David Tepper

It's our contention that equity may be in the money, depending on where the liabilities lie.

equity may lying

I can't really call myself a bull, i'm not probably as bullish as I could be because I have problems with earnings growth, I have problems with multiples.

The market has to come to certain new realities, and adjust valuations to those new realities, and while they're adjusting to those new realities...there will be volatility.

I'm not saying go short, just don't be too friggin' long. by David Tepper

I'm not saying go short, just don't be too friggin' long.

I was never afraid to go back to Pittsburgh and work in the steel... by David Tepper

I was never afraid to go back to Pittsburgh and work in the steel mills.

never back go work

When we started Appaloosa, we were going to name it Pegasus because everyone was using Greek names. We filed the name. We paid $300, and they said you cannot use it because it is taken. Pegasus Funds. Then we said Pegasus is kind of a horse. We did not want to be the Unicorn Fund. So we pulled out a horse book.

name you horse book

I could buy an island. I could buy a private jet - but I have Net... by David Tepper

I could buy an island. I could buy a private jet - but I have NetJets.

private buy island jet

I'm just a regular upper-middle-class guy who happens to be a bil... by David Tepper

I'm just a regular upper-middle-class guy who happens to be a billionaire.

just who guy happens

I think when it comes to decisions, I try not to be emotional. To drown out the noise and look at the important facts.

look think important facts

I left Goldman Sachs. I was thinking about going to another Wall Street place. I didn't want to do that. That was crazy. After you work on Wall Street, it's a choice: would you rather work at McDonald's or on the sell side? I would choose McDonald's over the sell side.

you crazy work thinking