The Second Lesson of Being Lazy Competitive

I'm reading my full piece David Tepper: The King of Bouncing Back and key takeaways from the second part, What I Learned From David Tepper. You can find both pieces with all quotes and sources on my substack: neckar.substack.com.

“For better or worse we’re a herd leader. We’re at the front of the pack. We're one of the first movers. First movers are interesting; you get to the good grass first, or sometimes the lion eats you."

"In the outside world, I’m that easygoing person. But if I’m on the field, I wanna win. And we win a lot.”

Sections:

• Growing up in Pittsburgh


• Republic Steel


• The Goldman Setback


• The Horse Leaves the Barn


• Emerging Market Adventures


• Dotcom Distress


• The Delphi Distraction


• The Crisis Hits


• Inflection


• Epilogue

Lessons:

• Don’t do it for money alone.


• Lazy competitive.


• Be smart enough to get lucky.


• Find your own style.


• Ahead of the herd.


• But don't bet the firm.


• Bouncing back in life and markets.


• Unemotional under pressure.


• Staying nimble.


• Optimists win in the long run.


• Keep having fun.

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