The key to investing is to be fearful when others are greedy, and greedy when others are fearful. But the real trick is figuring out the difference.
Investors
David Tepper
Born in 1957 in Pittsburgh, David Tepper honed his skills on Goldman Sachs's junk-bond desk before founding Appaloosa Management in 1993. He deploys capital aggressively into distressed debt and beaten-down equities at moments when others flee, recording roughly $7 billion in personal earnings in 2009 alone. He is a leading figure in distressed investing, combining the nerve to act coolly amid panic with the insight to read macroeconomic currents.
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David Tepper's Other Quotes
This is the best environment ever for a hedge fund manager. Either the economy is going to get better, which is good for stocks, or it's going to get worse, and the Fed is going to have to print more money, which is good for stocks.
I am the animal at the head of the pack. I either get eaten or I get the best food.
Related Quotes
Being too far ahead of your time is indistinguishable from being wrong.
-- Howard Marks
To buy when others are despondently selling and to sell when others are avidly buying requires the greatest fortitude and pays the greatest ultimate rewards.
-- John Templeton
Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria.
-- John Templeton
The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell.
-- John Templeton
Be fearful when others are greedy, and greedy when others are fearful.
-- Warren Buffett
The stock market is there to serve you, not to instruct you.
-- Joel Greenblatt