The famous manager of hedge fund Appaloosa is on CNBC this morning.Tepper is well known for his big bullish bet on financials during the bottom of the crisis, betting on government intervention.We'll let you know as he makes notable comments. Talking about performance -- and the difficulty of maintaining track record -- Tepper claims a 40% annualized return for himself over the years. Tepper doesn't use leverage in his funds. How he knew to bet on financials during the crisis (his most famous bet): The government told you what it was going to do. The Treasury put out a white paper saying exactly that it was going to bail out the big banks, but nobody believed the government, and he did, thinking the government wasn't "above the law" (able to renege on what it said it would do).
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