This was one of my favorite moments since I started investing

Tepper is one of the few investing hero's I have and his speech about being the tiger at the front of the pack in 2010 always stuck with me

May 2020 was a time of a lot of uncertainty
Most ppl were scared. I felt ppl were either neutral or bearish

I decided I was bullish and it felt like I was the tiger at the head of the pack; taking a position when others were unsure of themselves
Today feels like another time of a lot of uncertainty. Ppl are tending to wounds or trying to figure out if they are bearish, neutral or bullish

Possible this is another time to lead the pack
Old heroes journeys are coming to end. New heroes are being born
Tepper source:

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More from @jay_21_

3 Dec
Here are my thoughts on regime change:

Tech has been leading the way pre-COVID and COVID was a blow off top event for an already loved sector

The pendulum has swung too far and its time for change. New industries will lead the way Image
I like 99 because of tech, retail mania (crypto, NFT, meme stocks) and easy cap mkt access for questionable companies (IPOs vs SPACs today)

Meanwhile the housing market has continued to show strength
We may also be changing into an environment of inflation. Heavy stimulus, infrastructure spending, lack of investment in energy capex, wage mkt upticking etc

This is a potential change
Read 7 tweets

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