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David Tepper
David Alan Tepper (born September 14, 1957) is an American billionaire businessman, hedge fund manager, and philanthropist. He is the owner of the Carolina

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David Tepper Born David Alan Tepper
(1957-09-11) September 11, 1957 (age 61)
Pittsburgh, Pennsylvania, U.S.Nationality AmericanAlma mater University of Pittsburgh (BA)
Carnegie Mellon University (MBA)Known for Principal Owner of the Carolina Panthers
President of Appaloosa ManagementNet worth US$11.0 billion (June 2018)[1]Spouse(s) Marlene Tepper
(m. 1986; div. 2014)Children 3

David Alan Tepper (born September 14, 1957) is an American billionaire businessman, hedge fund manager, and philanthropist. He is the owner of the Carolina Panthers of the National Football League (NFL). Tepper is also the founder and president of Appaloosa Management, a global hedge fund based in Miami Beach, Florida.

He earned a bachelor's degree in economics from the University of Pittsburgh in 1978, an MBA from Carnegie Mellon University in 1982. In 2013, he donated his largest gift of $67 million to Carnegie Mellon, whose Tepper School of Business is named after him.[1]

For the 2012 tax year, Institutional Investor's Alpha ranked Tepper first, for earning a $2.2 billion paycheck.[2] In 2016, he earned $1.2 billion, the world's 4th highest earning hedge fund manager.[3] A 2010 profile in New York Magazine described him as the object of “a certain amount of hero worship inside the industry,” with one investor calling him “a golden god.”[4]

Contents
  • 1 Early life and education
  • 2 Business career
    • 2.1 Republic and Keystone
    • 2.2 Goldman Sachs
    • 2.3 Appaloosa Management
  • 3 Professional sports
    • 3.1 Pittsburgh Steelers
    • 3.2 Carolina Panthers
  • 4 Philanthropy
    • 4.1 Politics
  • 5 Personal life
  • 6 References
  • 7 Bibliography
  • 8 External links
Early life and education

Tepper was raised in a Jewish family in the East End of Pittsburgh, Pennsylvania in the Stanton Heights neighborhood.[5] He was the second of three children born to Harry, who worked as an accountant, and Roberta, who was an elementary school teacher who taught at public schools in the city.[6] He attended Peabody High School in Pittsburgh's East Liberty neighborhood.[5] He attended the University of Pittsburgh and helped pay his way through school by working at the Frick Fine Arts library. He graduated with honors, receiving his Bachelor of Arts degree in economics. He also dabbled in the markets during college.[7] His first two investments, given to him by his father, were Pennsylvania Engineering Co. and Career Academies. Both companies went bankrupt.[8] As a boy, reported New York Magazine in 2010, he “played football and memorized the baseball statistics on the backs of cards given to him by his grandfather—early evidence of what he claims is a photographic memory.”[9] In a 2018 commencement address at Carnegie Mellon University, he revealed that his father had been physically abusive toward him.[10]

After graduation he entered the finance industry, working for Equibank as a credit analyst in the treasury department. In 1980, unsatisfied with this position, he enrolled at Carnegie Mellon University's business school to pursue its then version of an MBA, a Master of Science in Industrial Administration (MSIA).

Business career Republic and Keystone

After earning his MBA in 1982, Tepper accepted a position in the treasury department of Republic Steel in Ohio.

In 1984, he was recruited to Keystone Mutual Funds (now part of Evergreen Funds) in Boston.

Goldman Sachs

In 1985, Tepper was recruited by Goldman Sachs, which was forming its high yield group. He joined the firm in New York City as a credit analyst. Within six months, Tepper became the head trader on the high-yield desk at Goldman where he worked for eight years. His primary focus was bankruptcies and special situations.

He is credited with playing a major role in the survival of Goldman Sachs after the 1987 market crash. He bought “underlying bonds in the financial institutions that had been crippled by the crash,” and “when...the market picked up again, the value of the bonds soared.” He assumed he would be made a Goldman partner, but he was passed over, partly because his “loud and profane” manner conflicted with the “navy-suit, Harvard-type background” of other Goldman executives.[11]

Appaloosa Management

In December 1992, after being passed over for partner at Goldman Sachs for two years in a row, Tepper quit. From a desk in the offices of mutual-fund manager Michael Price, a Goldman client, Tepper “began aggressively trading his personal account, hoping to raise enough money to start his own fund.”[12]

He started Appaloosa Management in early 1993.

In 2001, he generated a 61% return by focusing on distressed bonds, and in the fourth quarter of 2005 he pursued what he saw as better opportunities in Standard & Poor's 500 stocks.[13] He makes significant gains year after year by “investing in the diciest of companies,” such as MCI and Mirant. Investments in Conseco and Marconi also led to huge profits for the company’s hedge funds while Tepper “keeps the market on edge.” [14]

In a 2010 speech, he recommended several supposedly risky investments, including AIG debt, Bank of America equity, and European banks. Citing experts who predicted hyperinflation or depression and deflation, he said neither would happen: “The point is, markets adapt, people adapt. Don’t listen to all the crap out there.”[15]

In 2009, Tepper's hedge-fund earned about $7 billion by buying distressed financial stocks in February and March (including Bank of America common stock at $3 per share), and then profiting from the recovery of those stocks later that year.[16] $4 billion of those profits went to Tepper's personal wealth. In March 2010, The New York Times reported that Tepper's success made him the top-earning hedge fund manager of 2009.[17] In June 2011, he was awarded the Institutional Hedge Fund Firm of the Year.[18] Then, again in 2013, Forbes ranked him as top hedge-fund earner of 2012, elevating his status to the 166th wealthiest person in the world.[1]

In 2014, and in 2017 Forbes listed Tepper as one of the 25 highest-earning hedge fund managers in 2013 and 2016 respectively.[19][20]

In January 2018, Tepper praised President Trump's corporate tax cuts, saying that the bull market still had room to grow, and denied that it was overvalued. “World growth is higher,” Tepper said. “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.”[21]

Professional sports Pittsburgh Steelers

On September 25, 2009, Tepper purchased a 5% stake in the National Football League Pittsburgh Steelers.[22][23] He held that stake in the Steelers under controlling owner Art Rooney II until 2018.

Carolina Panthers

In May 2018, it was reported that Tepper had finalized a deal to buy the Carolina Panthers from original owner and founder Jerry Richardson. He beat out Ben Navarro, a rival bidder with more ties to the Carolinas, on account that his Steelers part-ownership allowed the league's owners to bypass the vetting process, and his $2.2 billion bid for the franchise, the highest in NFL history, did not have any other investors, unlike Navarro's.[24][25] In a statement, Tepper committed to keeping the team in the Carolinas; the team's lease on Bank of America Stadium expires after the 2018 season.

Philanthropy

According to Forbes, Tepper has a net worth of $11.4 billion as of February 2017.[26] The Bloomberg Billionaires Index ranked him as the wealthiest person in New Jersey.[27]

On March 19, 2003, Tepper announced that he would make a single donation of $55 million to Carnegie Mellon University's business school (then called the Graduate School of Industrial Administration—GSIA).[28] This donation was made after he had been encouraged by Kenneth Dunn, his former professor (who became dean of the school). He accepted the suggestion but made the contribution a “naming gift” and suggested that the school's name be changed to the David A. Tepper School of Business.[29] Further, in November 2013, Carnegie Mellon announced a $67 million gift from Tepper to develop the Tepper Quadrangle on the north campus. The Tepper Quad will include a new Tepper School of Business facility across the street from the Heinz College as well as other university-wide buildings and a welcome center which will serve as a public gateway to the university. This brings Tepper's total gift to Carnegie Mellon to $125 million.[30]

Tepper also has made several large gifts to the University of Pittsburgh, including several endowed undergraduate scholarships and support of academic centers and university-run community outreach programs.[31] Tepper and wife Marlene have pledged $3.4 million to Rutgers University - Mason Gross School of the Arts, the alma mater of his wife.[32]

In 2006, Tepper donated $1 million to United Jewish Communities of MetroWest New Jersey toward their Israel Emergency Campaign.[33]

In March 2012, Tepper and his former colleague, Alan Fournier founded a political action group, Better Education For Kids. "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." According to the NJ Star Ledger on June 24, 2011, "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."[34]

After Hurricane Sandy, David Tepper donated $200,000 in gift cards to Jersey City and Hoboken families who suffered loss in the storm.[35][36][37]

Tepper serves as a member of the business board of advisors for the Tepper School of Business at Carnegie Mellon and serves on various boards and committees for charitable and community organizations in New York and New Jersey.[38]

Politics

Tepper and his wife contributed $10,400 to the 2013 Jersey City Mayoral Candidate, Steve Fulop. According to the Jersey Journal on October 24, 2012, "David Tepper, the billionaire who supports tenure reform and charter schools, contributed $10,400 to Fulop's council candidates, while Tepper's wife gave the team an additional $10,400."[39] Fulop's former campaign manager Shelley Skinner[40] became the Deputy Director of Tepper's non-profit Better Education for Kids.[41]

In 2015 Tepper donated to both Sen.Charles E. Schumer and former House Speaker John Boehner. In 2016 he donated more than $1 million to PACS supporting Jeb Bush and John Kasich.[42] Tepper supported the 2016 Jeb Bush presidential campaign.[43]

Personal life

In 1986, he married Marlene Resnick Tepper;[44] they have three children: Brian, Randi, and Casey.[45] In 2014, several media outlets reported that he separated from his wife.[45]

He has characterized himself as “a regular upper-middle-class guy who happens to be a billionaire.”[46] The Washington Post has described him as “a man who’s unpolished and proud of it, whose reputation as a candid and at times controversial voice has grown almost as fast as his net worth.”[47] In New Jersey, he and his family lived in a modest stone house in Livingston, and his New York offices “resemble a high-end sports bar—all polished mahogany and flat-screen TVs and black-and-gold Steelers paraphernalia—or a wealthy frat house.” But he told an interviewer in 2010 that sometimes, “if someone is an asshole, like a waiter at a restaurant, I think, I could just buy this place and fire that guy.”[48] According to the Post, he “paid $43.5 million for the beachfront mansion of a former Goldman Sachs supervisor who had passed him over for promotion. Then he had the house demolished.”[49]

Asked by a reporter about the origins of his preternatural confidence, Tepper said: “I was never afraid to go back to Pittsburgh and work in the steel mills.”[50]

In 2016, he relocated his family and his company to Miami Beach, Florida.[51]

References
  1. ^ a b c Forbes The World's Billionaires: David Tepper Archived December 28, 2016, at the Wayback Machine. March 2014
  2. ^ Hedge Fund Titans’ Pay Stretching to 10 Figures Archived October 16, 2015, at the Wayback Machine. April 15, 2013 New York Times
  3. ^ "David Tepper". Forbes. Retrieved 2017-02-14. 
  4. ^ http://nymag.com/nymag/rss/business/68513/index3.html#print
  5. ^ a b Carnegie Mellon Tepper School of Business: "Meet the Man Behind the Gift" Archived June 11, 2010, at the Wayback Machine. November 17, 2004
  6. ^ "New Book Reveals The Cool Childhood Of Hedge Fund God David Tepper". Business Insider. Retrieved 23 October 2013. 
  7. ^ "David Tepper's Bio, Quotes, Videos, Recent Buys, News – Resource Page". Retrieved 22 October 2013. 
  8. ^ "David Tepper's Bio, Quotes, Videos, Recent Buys, News – Resource Page". Value Walk. Retrieved 22 October 2013. 
  9. ^ http://nymag.com/nymag/rss/business/68513/index3.html#print
  10. ^ https://www.cnbc.com/video/2018/05/22/david-teppers-emotional-commencement-speech-to-carnegie-mellon.html s-cheap-as-a-year-ago.html
  11. ^ http://nymag.com/nymag/rss/business/68513/index3.html#print
  12. ^ http://nymag.com/nymag/rss/business/68513/index3.html#print
  13. ^ Fridson, Martin (March 2, 2006). "Too Many Dollars?" (PDF). “Distressed Debt Investor” Article. Fridson Vision LLC. Archived from the original (PDF) on October 16, 2006. Retrieved 2006-08-17. 
  14. ^ "Turning Heads on Wall Street" (PDF). (Reprint of Article. The Wall Street Journal). Carnegie Mellon University. April 14, 2004. Archived from the original (PDF) on 2006-06-28. Retrieved 2006-08-17. 
  15. ^ http://nymag.com/nymag/rss/business/68513/index3.html#print
  16. ^ Zuckerman, Gregory (December 21, 2009), "Fund Boss Made $7 Billion in the Panic", The Wall Street Journal 
  17. ^ Schwartz, Nelson D.; Story, Louise (March 31, 2010). "Pay of Hedge Fund Managers Roared Back Last Year". The New York Times. 
  18. ^ "David Tepper's Bio, Quotes, Videos, Recent Buys, News – Resource Page". Value Walk. Retrieved 23 October 2013. 
  19. ^ Vardi, Nathan (Feb 26, 2014), "The 25 Highest-Earning Hedge Fund Managers And Traders", Forbes 
  20. ^ Vardi, Nathan. "The 25 Highest-Earning Hedge Fund Managers And Traders". Forbes. Retrieved 2017-04-12. 
  21. ^ https://www.cnbc.com/video/2018/05/22/david-teppers-emotional-commencement-speech-to-carnegie-mellon.htmls-cheap-as-a-year-ago.html
  22. ^ Bouchette, Ed (September 24, 2009), "Steelers close deal to add new owners", Pittsburgh Post-Gazette 
  23. ^ "New Book Reveals The Cool Childhood Of Hedge Fund God David Tepper". Business Insider. Retrieved 23 October 2013. 
  24. ^ Feldman, Tyler. "REPORT: David Tepper purchases Carolina Panthers". Retrieved 2018-05-15. 
  25. ^ "David Tepper finalizes deal to buy Panthers, report says". www.msn.com. Retrieved 2018-05-15. 
  26. ^ "David Tepper". Forbes. Retrieved 2017-02-02. 
  27. ^ "Archived copy". Archived from the original on 2016-12-27. Retrieved 2016-04-05. 
  28. ^ Bradshaw, Della (May 17, 2004). "Dean profiles Working for $1 a year". Business Schools Ranking. Financial Times. Retrieved 2006-08-17. 
  29. ^ "But can you teach it?". Special Report - Business schools. The Economist. May 20, 2004. Retrieved 2006-08-17. 
  30. ^ Retrieved November 15, 2013. Archived March 20, 2016, at the Wayback Machine.
  31. ^ "Pitt to Induct Six Donors Into Cathedral Of Learning Society". Pitt Chronicle. Pittsburgh, PA: University of Pittsburgh. June 23, 2008. Retrieved November 2, 2013. 
  32. ^ Rutgers College alumna Marlene A. Tepper and her husband, David A. Tepper, of Livingston, N.J., have pledged $3.4 million to the Mason Gross School of the Arts.
  33. ^ New Jersey Jewish News: "Seven-figure donation fuels emergency campaign: Archived May 7, 2016, at the Wayback Machine. September 7, 2006
  34. ^ Jerry McCrea/The Star-Ledger (2011-06-24). "N.J. hedge fund leaders create group to financially back education reforms supported by Gov. Christie". NJ.com. Retrieved 2014-05-09. 
  35. ^ Star-Ledger photo (2013-01-21). "Tepper gift card effort was laudable, writes Jersey City resident". NJ.com. Retrieved 2014-05-09. 
  36. ^ "Billionaire Tepper's gift card giveaway gets thumbs-up from Hoboken Housing Authority chief". NJ.com. 2013-01-08. Retrieved 2014-05-09. 
  37. ^ Jersey Journal file photo (2012-12-22). "2 Jersey City councilwomen blast billionaire's gift card giveaway as disorganized, hurtful". NJ.com. Retrieved 2014-05-09. 
  38. ^ "About David Tepper". David Tepper School of Business at Carnegie Mellon. Archived from the original on 25 December 2009. Retrieved 22 December 2009. 
  39. ^ Jersey Journal October 24, 2012 Mayoral candidate Fulop is far ahead of Mayor Healy in fundraising http://www.nj.com/jjournal-news/index.ssf/2012/10/ersey_city_mayoral_candidate_f.html[permanent dead link]
  40. ^ Politicker NJ February 4, 2009 "Fulop To Run As Independent" http://www.politickernj.com/matt-friedman/27117/fulop-run-independent[permanent dead link]
  41. ^ Better Education 4 NJ Kids' website "Archived copy". Archived from the original on 2016-12-01. Retrieved 2013-02-22. 
  42. ^ https://www.washingtonpost.com/sports/david-tepper-is-buying-the-carolina-panthers-hes-nothing-like-an-nfl-owner/2018/06/01/d67fc200-6434-11e8-99d2-0d678ec08c2f_story.html?utm_term=.32df241ee773
  43. ^ "Archived copy". Archived from the original on 2016-04-24. Retrieved 2015-08-16. 
  44. ^ Foley, Stephen (22 December 2009). "$2.5bn pay packet for fund manager". The Independent. Retrieved 22 December 2009. 
  45. ^ a b Daily Mail: "World's highest-paid hedge fund manager worth $10 billion 'splits from his wife of 28 years'" Archived March 5, 2016, at the Wayback Machine. 10 June 2014
  46. ^ http://nymag.com/nymag/rss/business/68513/index3.html#print
  47. ^ https://www.washingtonpost.com/sports/david-tepper-is-buying-the-carolina-panthers-hes-nothing-like-an-nfl-owner/2018/06/01/d67fc200-6434-11e8-99d2-0d678ec08c2f_story.html?utm_term=.32df241ee773
  48. ^ http://nymag.com/nymag/rss/business/68513/index3.html#print
  49. ^ https://www.washingtonpost.com/sports/david-tepper-is-buying-the-carolina-panthers-hes-nothing-like-an-nfl-owner/2018/06/01/d67fc200-6434-11e8-99d2-0d678ec08c2f_story.html?utm_term=.32df241ee773
  50. ^ http://nymag.com/nymag/rss/business/68513/index3.html#print
  51. ^ "Archived copy". Archived from the original on 2016-12-28. Retrieved 2016-07-16. 
Bibliography
  • Reuters staff (March 16, 2006). "Dissident Delphi investor challenges board". The Boston Globe. Reuters. Archived from the original on December 15, 2012. Retrieved 2006-08-17. 
  • Forbes staff (November 2005). "#645 David Tepper". The Worlds Billionaires. Forbes magazine. Retrieved 2006-08-17. 
  • Editorial staff (March 29, 2004). "How To Rebuild A B-School". Management. Businessweek. Archived from the original on August 16, 2006. Retrieved 2006-08-17. 
  • staff (2006). "America's Most-Generous Donors". List the 2004 Pledges. The Chronicle of Philanthropy. Retrieved 2006-08-17. [dead link]
  • Tepper magazine staff (2004). "A kid from Peabody High School" (PDF). Feature. Carnegie Mellon University. p. 6. Archived from the original (PDF) on 2006-06-28. Retrieved 2006-08-17. Guinto, Joseph (September 1, 2004). "To MBA or Not to MBA, That is the Question". Business Feature. American Way magazine. Retrieved 2006-08-17. 
  • Web staff (August 17, 2006). "David Tepper Bio". Tepper School of Business. Archived from the original on 2006-07-15. Retrieved 2006-08-17. 
  • CM Today magazine staff (June 2006). "Wall Street Wizard David Tepper "learns it, earns it and returns it"". Top Stories. Carnegie Mellon University. Archived from the original on 2004-06-26. Retrieved 2006-08-17. 
External links
  • Named Investment Guru of 2010
  • David Tepper Portfolio with stock Picks
  • David Tepper's Appaloosa Stock Portfolio, updated quarterly
  • Tepper school official website
  • "David Tepper Hedge Fund Manager Appaloosa Management," aTrader, May 4, 2010
  • "Investor David Tepper goes where others don't dare", Pittsburgh Tribune-Review, December 22, 2009
  • "Ready to be Rich," (September 26, 2010 profile in New York Magazine)
  • "Fund Boss Made $7 Billion in the Panic", The Wall Street Journal, December 23, 2009
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David Tepper: Earn Your First Billion Dollars Using The Proven Systems of the Top Hedge Fund Billionaires
David Tepper: Earn Your First Billion Dollars Using The Proven Systems of the Top Hedge Fund Billionaires
Whether you’re an at home trader or a seasoned investment professional, virtually anyone can improve their trading investing skills. As long as you have the ambition and drive you can earn a wonderful living in the investment world. Are you ready to learn the secrets that will make you a Billionaire like David Tepper? Are you ready to build a great legacy for yourself by emulating the success lessons of the great? Are you ready to be one of the wealthiest people in the planet? If you are, then this book will show you how. If you’re one of those, then this book is for you.

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Market Wizards, Updated: Interviews with Top Traders
Market Wizards, Updated: Interviews with Top Traders
The world's top trader's reveal the secrets of theirphenomenal success! How do the world's most successful traders amass tens,hundreds of millions of dollars a year? Are they masters of anoccult knowledge, lucky winners in a random market lottery,natural-born virtuosi—Mozarts of the markets? In search of ananswer, bestselling author Jack D. Schwager interviewed dozens oftop traders across most financial markets. While their responsesdiffered in the details, all of them could be boiled down to thesame essential formula: solid methodology + proper mental attitude= trading success. In Market Wizards Schwager lets you hear,in their own words, what those super-traders had to say about theirunprecedented successes, and he distils their responses down into aset of guiding principles you can use to become a trading star inyour own right. Features interviews with superstar money-makers including BruceKovner, Richard Dennis, Paul Tudor Jones, Michel Steinhardt, EdSeykota, Marty Schwartz, Tom Baldwin, and moreTells the true stories behind sensational trading coups,including the one about the trader who turned $30,000 into $80million, the hedge fund manager who's averaged 30% returns everyyear for the past twenty-one years, and the T-bond futures traderwho parlayed $25,000 into $2 billion in a single day!"Market Wizards is one of the most fascinating books everwritten about Wall Street. A few of the 'Wizards' are myfriends—and Jack Schwager has nailed their modus operandi onthe head."--Martin W. Zweig, Ph.D., Editor, The Zweig Forecast

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$16.74
-$10.21(-38%)



Getting Started in Technical Analysis
Getting Started in Technical Analysis
Revered by many, reviled by some, technical analysis is the art andscience of deciphering price activity to better understand marketbehavior and identify trading opportunities. In this accessibleguide, Jack Schwager-perhaps the most recognized and respected namein the field-demystifies technical analysis for beginninginvestors, clearly explaining such basics as trends, tradingranges, chart patterns, stops, entry, and exit and pyramidingapproaches. The book's numerous examples and clear, simpleexplanations provide a solid framework for using technical analysisto make better, more informed investment decisions and as the basisfor mechanical trading systems. Along with Schwager's invaluabletrading rules and market observations culled from years ofreal-world trading experience, Getting Started in TechnicalAnalysis offers in-depth coverage of:* Types of charts-bar, close-only, point-and-figure,candlestick.* Chart patterns-one-day, continuation, top and bottom formations,the importance of failed signals.* Trading systems-trend-following, counter-trend, patternrecognition.* Charting and analysis software-price data issues, timeframe/trading style considerations, software research.* he planned trading approach-trading philosophy, choosing markets,risk control strategies, establishing a trading routine.

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$12.35
-$10.60(-46%)



The New Market Wizards: Conversations with America's Top Traders
The New Market Wizards: Conversations with America's Top Traders
In The New Market Wizards, successful traders relate the financial strategies that have rocketed them to success. Asking questions that readers with an interest or involvement in the financial markets would love to pose to the financial superstars, Jack D. Schwager encourages these financial wizards to share their insights. Entertaining, informative, and invaluable, The New Market Wizards is destined to become another Schwager classic.

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$6.00
-$12.99(-68%)



Buy the Fear, Sell the Greed: 7 Behavioral Quant Strategies for Traders
Buy the Fear, Sell the Greed: 7 Behavioral Quant Strategies for Traders
Make Money When Traders Panic -Here’s How You Can Systematically Take Advantage When They DoDear Trader,As all professional traders know, the greatest trading edges occur when money managers, investors, and traders panic.They sell-off securities, often-times to extreme levels and after they're done selling, the strong money (the professional money) enters the market and takes prices higher.This behavior creates great trading opportunities for the professionals who know when to buy. And this same behavior has occurred over and over again for decades and will likely do so for years to come because human behavior never changes!Now, for the first time, in Larry Connors new book Buy The Fear, Sell The Greed: 7 Behavioral Quant Strategies for Traders you will learn how to precisely identify when money managers, investors, and traders are fearful and panicking. When they are, substantial quantified trading opportunities exist for you to take advantage of. You'll learn when to exactly buy these large edge, high probability times, and when to exactly sell.You will learn from the many strategies in this book that you will be buying low because fear is high and selling higher when the fear subsides. You've seen this play out over and over again nearly every trading day. Now, for the first time you will have a quantified, systematic way to identify and trade these often highly profitable trading opportunities.In Buy the Fear, Sell The Greed You Will Also Learn:-A powerful strategy which measures market fear and has correctly predicted the short-term direction of the S&P 500 Index 91% of the time for the past quarter of a century. Chapter 2-How to identify when the fear of missing out (FOMO) is occurring in stocks and ETFs and when and how to short these times when prices rise to crazy levels. The FOMO strategies have correctly identified these stocks and ETFs dropping in prices from 71% to over 80% of the time since 2006. Chapters 3 & 8-A seminal academic study published in the prestigious Journal of Finance is combined with extreme fear which has led stock prices trading higher over 77% of the time within one week. Chapter 4-A fear-driven security when traded as taught in the book has led to profitable trades over 97% of the time. Chapter 6-A little-known options strategy which has been successfully applied by a handful of options market makers for years which allows you to...1. Pre-determine your dollar risk.2. Make money even if you get the direction wrong.3. Make asymmetrical gains when large moves in your direction occur.What Tools Do You Need To Trade The Strategies in Buy the Fear, Sell The Greed?You only need a price chart and two simple indicators which are available on all charting platforms and from all brokers to trade the strategies in Buy the Fear, Sell The Greed.This Is the First, And Only Short-Term Quantified Behavioral Finance Book Ever WrittenBuy the Fear, Sell The Greed is ground-breaking in its approach because it's the first and only trading strategy book in history that quantifies short-term fear and greed.The book provides you with cutting edge strategies to specifically know when to buy and sell the high probability times when money managers, investors, and traders become too scared or too greedy and create tremendous statistically backed opportunities. You'll have access to this cutting-edge research and the strategies supported by up to 25 years of historical test results behind each strategy.Order Now!

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Stock Market Wizards: Interviews with America's Top Stock Traders
Stock Market Wizards: Interviews with America's Top Stock Traders
The third in the bestselling Market Wizards series, this time focusing on the barometer of the economy - the stock market. It has been nearly a decade since the publication of the highly successful The New Market Wizards. The interim has witnessed the most dynamic bull market in US stock history, a collapse in commodity prices, dramatic failures in some of the world′s leading hedge funds, the burst of the Internet bubble, a fall into recession and subsequent rumblings of recovery. Who have been the market wizards during this tumultuous financial period? How did some traders manage to significantly outperform a stockmarket that during its heyday moved virtually straight up? This book will feature interviews with a variety of traders who achieved phenomenal financial success during the glory days of the Internet boom. In contrast with the first two Market Wizard books, which included traders from a broad financial spectrum - stocks, bonds, currencies and futures - this volume will focus on traders in the stockmarket.

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$12.79
-$3.20(-20%)



Carl Icahn : Earn Your First Billion Dollars Using The Proven Methods of The World's Greatest Investors
Carl Icahn : Earn Your First Billion Dollars Using The Proven Methods of The World's Greatest Investors
Do you want to know the proven principles that have made the world's greatest investors become billionaires? Do you want to implement them in your own investing to emulate their success and become a billionaire yourself? Do you have what it takes to become the next investing household name like Warren Buffett and George Soros? If you said yes to those, then this book is for you.

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$24.99


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