This Carolina Panthers Season Is an Unprecedented Disaster

David Tepper made a significant portion of his billions by being patient. His specialty, both as a young Goldman Sachs analyst and as the manager of his own hedge fund, was identifying distressed assets due for a rebound and then waiting it out. In 2009, Tepper was the top-earning fund manager in the United States based on the billions he made betting on big banks on the brink of failure after the financial crisis to recover, which they did once the government bailed them out. The most successful moves of his career have come by riding out the storm. Even in his first foray into professional sports ownership, Tepper was affiliated with steady hands; also in 2009, he used some of that wealth to purchase a 5 percent ownership stake in the Pittsburgh Steelers, a team that has had three head coaches in the past half century.