In an interview with CNBC on Friday, Tepper, 53, said government intervention in financial markets virtually guarantees that the elections in most of the investment goes up.
Businessinsider.com reports that billionaire New Jersey, said, "I am the animal on the head of the group ... I not eaten, or give me the good grass."
At this time he is fond of the Fed put - basically a promise by the Fed to intervene if the economy is weak - as is quite optimistic about stocks.
Although the market reaction has been lukewarm, Tepper said this week the Federal Reserve Open Market Committee Statement reflects that the government will do whatever is necessary to maintain the capital markets from sinking below a designated level .
Dailyfinance.com reports that in 2009, jumped on Tepper badly beaten financial stocks like Bank of America (BAC) and Citigroup (C), as the fear of nationalization that could wipe out shareholders drove shares to rock bottom levels . The gamble paid off greatly.
According to CNBC, the Tepper fund has 7.5 billion U.S. dollars last year in a return of 132 percent, mostly made by betting on a resurgence in the financial sector. He said the choice was easy - he simply followed the government moves telegraphed that he would buy shares of the bank to ensure that industry does not completely collapse.
Tepper initially became interested in the stock market as a child watching his father trade stocks in his hometown of Pittsburgh. Today, as president and founder of Appaloosa Management, Tepper has earned an international reputation for producing some of the highest income among fund managers on Wall Street.
According gurufocus.com, Tepper received a master of science degree in industrial administration from Carnegie Mellon in 1982. He won a record U.S. $ 55 million to the Graduate School of Industrial Administration. Now called the Tepper School of Business. The gift is the largest donation to Carnegie Mellon University in its 104 year history.
Tepper, who is notoriously shy about giving interviews, appeared to move the market to speak on CNBC Friday morning, with the Dow gaining nearly 200 points the day.
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