What We Can Learn From Tepper
By iBillionaire,
The billionaire hedge fund manager is a resilient and resolute investor with a talent for sniffing out huge profits. He goes after stocks that are in the dumps and that every other investor has lost faith in, invests in them and watches profit roll in; typically doubling, tripling or more his initial investment.
That is why iBillionaire has a Tepper Strategy that that follows this financial maven’s every move, to the T.
The man also knows how to make a comeback, and here’s what we can learn:
During three out of four years in his investment career, he lost 22% or more of his net worth. But he came roaring back with huge returns, every time.
When he invested in Russia his fund lost 30% — the next year, he made 76%. Then, he lost about 24% investing in the WorldCom bankruptcy remains— and came right back up with 180% the next year.
What’s the key to all of this? Patience. And staying put for long-term, despite any adversities that might come your way.
http://blog.ibillionaire.me/billionaire-insights/teppers-lesson-patience/
Categories: Fortune Cookie Wisdom, Investment Wisdom