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The magic touch of Tepper: A Chinese bet that surprised everyone 🚀
David Tepper, the ace of Appaloosa Management, has done it again. While many were fleeing China, he saw gold. February was his moment.
Their strategy? Nothing complicated:
- Going against the current
- Look at the essentials
- Trust your instincts
He bought Chinese stocks when no one wanted them. His logic? Simple. "China will do whatever it takes for its market."
And boom! The iShares China Large-Cap ETF surged 35% this year 📈
It seems that China has favorable winds:
1. The government throws money around recklessly
2. The economy is growing like crazy (5.3% in half a year)
3. The Chinese have savings through the roof
4. They are the kings of AI in energy
5. Tech companies at bargain prices
Tepper is a genius, that's clear. He goes for the basics and doesn't hesitate. His move in China? Pure investing magic 🌕
It's as if I had a crystal ball, but no. I just see what others don't want to see.