Stanley Druckenmiller and David Tepper are arguably two of the best investors of all time. Yet, the two have different viewpoints when it comes to China.
There may not be two investors with more successful careers than billionaires Stanley Druckenmiller and David Tepper.
Druckenmiller, through his fund, Duquesne Capital, generated average annual returns of 30%. Tepper and his fund, Appaloosa Management, generated a compound annual growth rate of 25%. It’s hard to believe that two investors as successful as Druckenmiller and Tepper could have such different views of the market, but that’s why we have a market.
Several weeks ago, right after China’s central bank announced the country’s initial stimulus measures, Tepper went on CNBC and told investors to buy “everything” in China. His largest position is the Chinese e-commerce giant…
