Hedge Fund Manager Tepper Tells You His Secret: Follow the Government

CNBC – How did David Tepper get a 132 percent return on his portfolio last year? He just jumped behind the federal government and bought bank stocks — after the government published plans to support the financial sector.”‘It was easy,’ Mr. Tepper said in the interview. ‘The government told you what they were going to do.'”

Some might argue that merely following the government’s lead makes Tepper sound less brilliant: I would argue exactly the opposite.

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