David Tepper ~ Quote of the Week ~ market folly

Tuesday, October 5, 2010

David Tepper ~ Quote of the Week

Recently David Tepper, founder of hedge fund Appaloosa Management, sat down for a rare interview with CNBC where he said he likes equities here. In it, he gave us some interesting words of wisdom and his most astute advice came when he sat reflecting on the markets back in August:

"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.”

~ David Tepper

Prudent words, certainly. To see what Tepper's Appaloosa has invested in, head to our quarterly newsletter: Hedge Fund Wisdom.

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