David Tepper Discusses Risk Management, Says 'My Counter-Bet is That I Don't Care,' Bullish on Chinese Stocks

David Tepper, a prominent investor, made headlines during his CNBC interview by emphasizing his unconventional approach to risk management. Tepper stated, 'I set my own VAR. My value at risk limit is can I sleep at night.' He further elaborated on his strategy by saying, 'I don’t have this VAR nonsense. I have value at what I can sleep at night.' Tepper also remarked, 'My counter-bet is that I don't care,' reflecting his confident stance. He is bullish on Chinese stocks, pointing out that major Chinese names offer 'single digit P/E multiples with double-digit growth' and some stocks have significant cash reserves, with figures like '50% cash…20% cash, 30% cash.' His remarks reflect a confident stance on the potential of Chinese equities despite broader market uncertainties.