David Tepper on CNBC

David Tepper was on CNBC this morning. In his past appearances he has given some great advice that has resulted in significant alpha via overall market calls or his bullish call on Dean Foods nearly two years ago when it was around $10/share versus a recent $16.75/share. On this appearance he reiterated his advice of not fighting the fed and riding the inflation wave. Generally I agree with him on the fact that people are forgetting that in order for inflation to rear its ugly head we first need asset price inflation which we would see in stocks, etc. Given that the Fed is determined on getting the inflation rate back to its 2.5% - 3% historical standard you have a powerful friend fighting to push up stocks in the background. Enjoy.