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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Sunday, July 21, 2024: John Frederick on A Prayer of Remembrance for a Forgetful People