Billionaire David Tepper Just Sold Out of Adobe and Bought This Artificial Intelligence Value Stock Instead

In turbulent times like these, it's always interesting to see what some of today's top investors are doing with their portfolios.One of the best investors of the past 30 years has been David Tepper of Appaloosa Management. Between 1993 and 2013, Tepper averaged a whopping 40% annualized return, while more recent estimates put Appaloosa at a low- to mid-20% annualized return through today. That would even exceed Warren Buffett's returns at Berkshire Hathaway, with the caveat that Tepper's returns have been over a shorter time period, and likely with a greater tax liability due to more frequent buying and selling. Tepper is no doubt one of the sharpest minds in the investing business, which is why it's always a good idea to check out moves he's making -- especially brand new names he's adding to his portfolio.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool