David Tepper

The second most recent example of people hitting big by taking risks. First we heard of the Survivor Samoa winner Natalie White who took a risk by abandoning her career in the pharmaceuticals industry and ended up bagging a mouth watering million dollars. But for David Tepper, luck struck so hard that it shattered all the odds.

When people and businessmen looked at David Tepper last year while he engrossed himself with buying stocks for various renowned financial institutions in the United States, they must have thought he was going to get it real bad. But David Tepper went ahead with his gut instincts as his picked up huge quantities of Citibank and Bank of America shares at under a buck. Not only did he buy them for himself but David Tepper also persuaded his clientele to go with the flow.

Come a year down the road and BOOM! Those investments mushroomed out into magnanimous returns that closed in on the 10 billion US dollars mark. The return on the collective investments helped David Tepper make for the previous losses, pay off debts that he owed AND retain more than two billion dollars for himself. Now that’s smart investment play!

Speaking on the events, Tepper said he was always confident the current government administration would not let the nation’s banking structure collapse and would surely bail it out. Other capitalists who followed suit also made good gains but nothing compared to Tepper since they bought stocks when the prices had already gone up.

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