David Tepper Says Too Many Rate Cuts Could Drive Up Inflation, Further Weaken US Dollar

David Tepper Says Too Many Rate Cuts Could Drive Up Inflation, Further Weaken US Dollar

Billionaire investor David Tepper is known for his high-risk, aggressive trading style. As the founder of the Appaloosa Management hedge fund, he has built a fortune through contrarian calls and bets on the debt of distressed assets. He founded Appaloosa in 1993 with $57 million in capital. The portfolio returned 57% in the first six months and continued to perform strongly by investing in the debt of troubled firms such as WorldCom and Enron. D…