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- NFL on ESPN · 6 Feb 2026 Tepper claims Appaloosa has the best record over thirty-five years of any hedge fund alive.
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Minutes 51 quotes
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Tepper notes Charlotte has a large Hispanic population that people are unaware of.
charlottedemographicsReceipt
“we gave a, you know, Charlotte has a fairly large Hispanic population that people don't know about.”
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Tepper says he has had the same people working at his hedge fund forever, contrasting public perception.
appaloosahedge fundReceipt
“I've had the same people working for me forever at my, my hedge fund. So it's kind of like one of those dichotomies, you know, that people view”
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Tepper notes Bryce Young has the most comebacks since 2023.
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“he has I guess he still has probably said on the show you know he has the most comebacks since '23 you know”
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Tepper claims Appaloosa has the best record over thirty-five years of any hedge fund alive.
appaloosahedge fundReceipt
“Appaloosa is probably has the best record over the last thirty five years of any hedge fund alive.”
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Tepper says Chinese stocks trade at low teens multiples versus US, making them relatively interesting.
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“I mean, I think the move has been good, the earnings unlike here are still relatively low. I mean, you're, you know, you're talking, you know, low teens versus where we are.”
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Tepper says he owns NVIDIA but trades in and out, not holding a constant position.
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“I do own NVIDIA, but I go back and forth and back and forth a little bit, because I do, you know, I will trade a little bit.”
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Tepper says he's miserable despite a good year because he owns the market at high multiples.
equitieshedge fundReceipt
“I I we're having a really good year, and I'm so miserable for having a really good year. Because I still own the market, and I can't stand that I own the market.”
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Tepper says one or two more rate cuts won't be too easy, but beyond that risks repeating the 2000-2001 crash.
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“I don't think another ease matters, you know, as far as being too easy. This is gonna be a little bit restrictive.”
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Tepper calls 25% or 50% tariffs destructive, drawing a line above 10% levels.
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“I don't love the the 25% or the 50% tariffs. I think they're a little bit destructive.”
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Tepper is constructive on Fed easing but concerned about high market valuation levels.
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“I'm constructive because of the easing right now, but I'm also miserable because of the levels.”
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Tepper warns that easing beyond two or three cuts risks a weaker dollar and higher inflation.
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“Beyond that, I think it can, you know, then you're really risking a lot of things. A weaker dollar, more inflation, and those sort of things.”
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Tepper says big stocks aren't cheap but he won't fight the Fed in the near term.
equitiesfedReceipt
“The big stocks are not cheap. I mean, so you don't have cheapness here, but you do have a constructive you know, like, you know, I'm not fighting the Fed.”
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Tepper says he has no confidence in NVIDIA earnings forecasts for 2026 and 2027.
ainvidiaReceipt
“I have no idea in '26 and '27. I am no idea. Okay? I mean, as if I was but I don't believe I don't believe my analysts.”
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Tepper argues meeting AI power needs will require natural gas, not just nuclear.
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“It has to be if you're gonna meet these power needs of what they need for AI, you're gonna have to use natural gas.”
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Tepper says he strongly prefers split government and is pleased with current electoral outlook.
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“I am a big proponent of split government. And right now, as you're more than aware of Yep. It looks like the senate is, republican and the house is democratic, and I'm loving life.”
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Tepper explains split government is best for markets and economy, rejecting either party's sweep.
electionequitiesReceipt
“But from a from this market perspective, an economic perspective, what's good for the economy, I wanna split government. And I don't want all Democrats, and I don't want all Republicans.”
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Tepper warns markets could face problems if election results surprise split-government expectations.
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“So if it gets surprised, that could be a problem for the markets. But as long as it's a split, the market's gonna be fine.”
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Tepper says he likes NVIDIA at current price levels despite earlier concerns.
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“I I I kinda like NVIDIA, the price. Okay? So don't get me wrong. I I I could just love it.”
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Tepper says Chinese central banker Pan Gongcheng exceeded expectations by promising to do more and more if needed.
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“It's like, woah. Jovial saying we're gonna cut and we're gonna and we'll give you more. And he said, we'll do more and more if needed.”
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Tepper emphasizes that China's commitment to do more is very strange language especially for Chinese central bankers.
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“Now the Chinese to say we'll do more and more if needed, they don't say that because it's not been healthy to say those sort of things in China.”
31 more the default view shows 20
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Tepper says China is creating swap facilities to buy stocks as part of aggressive easing measures.
chinaequities“And they're gonna be they're aggressive in how they're gonna do it, and they're they're also, believe this or not, swap facilities to buy stocks.”
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Tepper describes China lending money for stock buybacks with no downside risk for borrowers.
buybackschina“Not only encouraging it, lending you money to do it. And they're giving money like health money where you can put money out and you have no losses if you wanna do it.”
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Tepper says if China stimulates successfully and animal spirits return, Japan will be a major beneficiary.
chinajapan“If you look what happens, if China runs and they get the economy going and you get the animal spirits going, what happens?”
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Tepper notes mortgage rates have declined 90 basis points since peaking in early November.
fedhousing“But the truth is that was in November where rates peaked, mortgage rates peaked in early November. Well, they're down 90 basis points since then.”
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Tepper says junk spreads down 150 basis points since fall peak, which doesn't help Fed's tightening goals.
bondsfed“Junk spreads down 150 basis points since their peak in early October, late September. That doesn't really do a lot for you if you're the fed.”
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Tepper emphasizes coordinated global tightening is rare and central banks are signaling further tightening ahead.
fedglobal“I mean, we don't have coordinated tightening around the whole world and everybody tightening at the same time too often. You just don't. And I don't have people telling me they're gonna go further tightening.”
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Tepper says he is leaning short on bonds despite being generally an optimist by nature.
bondshedge fund“But for me as a hedge fund manager, I'm going to lean short. You know, I'll be short bonds and I'm not a great, I'm like generally an optimist.”
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Tepper says he is leaning short on equities because risk-reward doesn't make sense given central bank guidance.
equitiesfed“I would probably say I'm leaning short on the equity markets, you know, so right now, because I think they're, you know, I think the upside downside just doesn't make sense to me when I have so many people telling me, so many central banks telling me what they're going to do,”
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Tepper questions high equity multiples on S&P 220 earnings estimates given current interest rate levels.
equitiesrates“I saw somebody else on your show the other day, they had a two twenty price to two twenty earnings estimates for the S and P.”
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Tepper notes going from a 12 to 16 multiple would represent a 33% market increase.
equitiesmultiples“If it's a 16 multiple, in those days you would have said great going from twenty ten. We talked about those days. I go to twelve, sixteen, that's a 33% increase.”
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Tepper emphasizes need to carefully manage the Panthers' $200 million salary cap and limited draft picks.
pantherssalary cap“Look, we have to be very careful about how we use our limited resources. We have 200,000,000, 200 plus million salary cap.”
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Tepper notes Panthers started 1-4 this year after winning only five games each of the last two seasons.
panthersperformance“We started off on a four this year. We, you know, had five wins the last two seasons. We, you know, had a different lack of success at other seasons.”
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Tepper refused to execute bond order from Goldman's M&A head because company was on restricted list despite pressure.
careerethics“So he wanted to buy this one company's bonds. And he gave an order for it in, and I refused his order because the company was on the restricted list.”
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Tepper believes stock market may have hit its yearly high due to interest rates around 3%.
equitiespositioning“And it really has to do with interest rates. I'm not sure we're right on the cusp of breaking out on interest rates at this level, around 3%.”
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Tepper says quantitative trading machines are performing poorly this year despite prevalence of algorithmic finance.
aihedge fund“Machines, to compete against machines, which there's a lot of machine finance. The machines are doing shitty this year.”
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Tepper sees nothing negative for small businesses with deregulation and tax cuts ahead.
equitiespositioning“If you're a small business, you there's nothing negative on the horizon. Nothing. What's negative? They're gonna give you less regulations for Obamacare. They're gonna give you a tax cut.”
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Tepper projects long-run growth could be 0.25-0.5% higher with deregulation, 3.5% in 2017-18.
positioningrates“I'm saying I think the long run with in a deregulatory could be a quarter half point higher.”
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Tepper says the Fed's 1% real rate target is dead wrong if tax cuts happen and French election goes well.
fedpositioning“It's not wrong if there's no tax cuts necessarily. Certainly, if the French election goes the wrong way, not wrong. Not wrong. But it's gonna be dead freaking wrong.”
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Tepper warns markets must prepare for Fed hikes in June, September, December and possibly more.
fedpositioning“You're gonna bet against these tax things. You're gonna bet against the French election. You better be you better be ready, and the market has to get ready for June increase Yeah.”
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Tepper dismisses the view that Fed won't hike in non-press-conference meetings as fallacy.
fedrates“September increase, December increase, and maybe more than that. This is fallacy that says the Fed won't go in on, press conference.”
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Tepper argues Fed is far behind where it should be given projected 2.25% inflation by year-end.
fedrates“They'll go a lot because they're so far behind where that 1% real if you're running two and a quarter percent inflation by the end of the year and and you have all these things happen, I think the real rate should be higher sooner because you have all these things happen.”
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Tepper says three more hikes this year is more likely than two, questions if fourth should be priced.
fedpositioning“So I'm sure that the Fed funds odds are going up as we're speaking, and there's a better chance that they'll go three times more this year than two times more this year.”
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Tepper says Appaloosa previously controlled a company that did Juvederm and breast implants, which they sold to Allergan.
allerganappaloosa“particularly Allergan, which we actually, we actually had owned a large amount of a company. We controlled a company before that we sold to Allergan that did Juvederm and and breast implants.”
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Tepper argues Allergan's aesthetics business being taken down with regulated pharma was crazy since aesthetics isn't affected by regulation.
allerganpharma“It's not affected by, regulation, that part of the business, the aesthetics business. So we thought that part of the business getting, you know, taken down with everything else was just absolutely crazy.”
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Tepper says Allergan multiples were too low partly because the stock got tied to Valeant, which he calls nonsense.
allerganpharma“the multiples were too low, and they put for some reason because it was tied in somehow with the valiant, you know, the nonsense with valiant.”
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Tepper says if Allergan went to 500 he wouldn't own a share, but he's not suggesting it will hit 500.
allerganhedge fund“If it went to 500, I wouldn't own a share. So, not suggesting it's going to 500,”
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CNBC, 8 March 2017
pharmapositioning“Some days I say it's really cheap. I should buy more. And some days I don't know why the heck I look at”
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CNBC, 7 November 2016
charitysandy“And I got to tell you, during the financial crisis, during Sandy, not one dime not one dime and I know this firsthand. This is fact, not conjecture, fact.”
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Tepper says Trump gave nothing to major Jersey food banks or pantries during Sandy or nine-eleven benefits.
charitysandy“Not one dime to one major food bank, one major pantry in Jersey, doing Sandy, the the Big Sandy benefit, the Big nineeleven benefit.”
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Tepper notes Trump gave nothing to Robin Hood in New York during nine-eleven despite being a supposed multibillionaire.
charityrobin hood“When you live in these places, and you are living with your people here, and you have just supposedly a multibillionaire and not 1 dime no, same thing for people in the greatest hour of need, Duane Sandy, Dwayne Dwayne nine eleven even in in in New York for Robin Hood in New York.”
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Tepper invokes the golden rule as a personal standard unrelated to investments when judging Trump's behavior.
golden rulepersonal philosophy“And listen, one thing I do in my life, this is kinda thing called the golden rule, has nothing to do with investments, nothing to do with investments.”
Reported 7 quotes
in print, highest ranked first
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reported
Tepper was fined by the NFL for throwing a drink at a spectator during a game and paid a record MLS expansion fee for Charlotte FC.
“ as he left the Carolina locker room. The next day, he fired head coach Frank Reich after a 1–10 start to the season. [ 34 ] [ 35 ] On December 31, 2023, Tepper threw a drink at a fan during the Panthers' game against the Jacksonville Jaguars . The NFL fined him $300,000 for the incident. [ 36 ] Upon closing the Panthers purchase in 2018, Tepper suggested his desire to bring a Major League Soccer (MLS) franchise to Charlotte. [ 37 ] The Panthers organization placed a bid for an expansion team in July 2019 and were awarded the 30th MLS team on December 17, 2019. [ 38 ] Charlotte FC was awarded to Tepper on December 17, 2019, and began play in 2022 at Bank of America Stadium. [ 39 ] Tepper reportedly paid $325 million in expansion fees for the franchise, setting an MLS record. [ 40 ] Tepper and his wife contributed $20,800 to 2013 Jersey City mayoral candidate Steve Fulop . According to the Jersey Journal on October 24, 2012, ”
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reported
Tepper expressed he never feared returning to manual labor in Pittsburgh steel mills.
“I was never afraid to go back to Pittsburgh and work in the steel mills.”
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reported
Better Education for Kids launched with one million dollars in advertising and operates as a nonprofit that does not disclose donors.
“Last week, the fledgling group launched a $1 million campaign to advertise its mission and solicit donations. Unlike traditional non-profits, Better Education for Kids is a type of non-profit not required to disclose its donors. Though the group cannot formally coordinate its work with lawmakers, it will be advised by two of the state’s top political consultants: Mike DuHaime, a Republican strategist with close ties to Christie, and Jamie Fox, a Democrat who served as former Gov. James E. McGreevey’s chief of staff.”
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reported
Tepper assessed the market as cheap rather than expensive at the start of the year, with no inflation present.
“There's no inflation. The market coming into this year doesn't look rich; in fact, it looks almost as cheap as coming into last year.”
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reported
Governor Christie advocated for expanding charter schools and allowing private companies to manage failing public schools.
“Better Education for Kids is entering the fray as private organizations are poised to play a larger role in education in New Jersey. Christie wants more charter schools, and he’s pushing legislation that would allow private companies to take over struggling public schools.”
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reported
Fragment discusses a signal related to Nvidia appearing for the first time in years.
“ signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same ”
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reported
Insufficient content for evaluation
“ signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same ”
Appearances 11 appearances
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