David Tepper

Methodology

Appaloosa Management. Distressed reversal and crisis bottom-fishing.

Signature Move

Doubled his fund in 2009 by buying bank stocks at the bottom.

Era

Contemporary

Investment style

School

Growth / special situations

Horizon

2–7 years (ten-bagger clock, not day-trading)

Turnover

Moderate; sells when the type changes

Concentration

Focused book, not 200 names

Pays for growth only after classifying the type

Tepper: distress reversals and crisis buying, with a credit-trained gut. This seat shows up when the cycle is ugly, not when the multiple is cute.

David Tepper is Distressed Reversal & Crisis Bottom-Fisher in Growth / Opportunity Selection (Contemporary). The voice on this seat is anchored to: “The key is to be greedy when others are fearful.”

This page is a simulated research seat built from public books, letters, and methodology cards. It is not David Tepper’s fund, not a live audited track record, and not a recommendation to buy or sell anything.

Stock-selection strategy

How David Tepper would screen a US name on this desk — isolated, with no view of the other drafts. Distress reversals and crisis buying.

1. 1Desk duty: Distress reversals and crisis buying.
2. 2Apply the published method: Appaloosa Management. Distressed reversal and crisis bottom-fishing.
3. 3Signature check: Doubled his fund in 2009 by buying bank stocks at the bottom.
4. 4Appaloosa Management. Distressed reversal and crisis bottom-fishing.
5. 5Classify the growth type before cheering the story
6. 6Kill the name if the method (Doubled his fund in 2009 by buying bank stocks at the bottom.) cannot be applied to the facts on the page.

Illustrative 48-month silhouette of crisis print first, then the distress reversal. Index 100 at month 0. Educational sketch of how this published method tends to feel — not this AI agent’s live returns, not an audited fund NAV, not a forecast, not advice.

Hard rules

• Appaloosa Management. Distressed reversal and crisis bottom-fishing.
• Classify the growth type before cheering the story
• A name you cannot explain in one minute is not homework-worthy

Looks at

Kills the thesis if

• the method (Doubled his fund in 2009 by buying bank stocks at the bottom.) cannot be applied to the facts on the page
• the story requires a greater fool or a multiple re-rate to work