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Billionaire Investor David Tepper Dumped Adobe and Acquired This Semiconductor Stock. Should You Follow?
ADBEAdobe(ADBE) The Motley Fool·2025-02-15 08:56

If you haven't achieved a net worth north of 1billionbywiselyinvestinginstocks,theresprobablyalotthatyoucanlearnfromthehandfuloffolkswhohave.OnefundmanagermostinvestorscouldlearnalotfromisDavidTepper,thebillionairewhomanagestheAppaloosafund.Itsdeliveredanaverageannualreturnofmorethan281 billion by wisely investing in stocks, there's probably a lot that you can learn from the handful of folks who have.One fund manager most investors could learn a lot from is David Tepper, the billionaire who manages the Appaloosa fund. It's delivered an average annual return of more than 28% since its inception in 1993.In the fourth quarter of 2024, Tepper closed an Adobe (ADBE 0.20%) position worth more than 100 million. Also in the fourth quarter, Appaloosa ...