What May Have Driven David Tepper’sBig Decision

By drastically downsizing Appaloosa Management, the famously competitive manager may be helping to preserve his long record of outperformance.

David Tepper (Andrew Harrer/Bloomberg)

David Tepper

(Andrew Harrer/Bloomberg)

When David Tepper’s youngest child was preparing to head to college several years ago, the feisty, multi-billionaire founder of Appaloosa Management made it clear in an interview with this publication that he was finally ready to start enjoying the considerable amount of wealth he had built.


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