David Tepper on the risks of herd leadership

For better or for worse, we're a herd leader. We're at the head of the pack. We're one of the first-movers.

First-movers are interesting: you get to the good grass first, or sometimes the lion eats ya.

~ David Tepper, president and founder, Appaloosa Management, CNBC's Squawk Box, September 24th, 2010