Paul Mampilly has seen how Wall Street works for many years and understands that most of the advice people get from brokers and big banks is mostly concerned about the wealthy and not the middle class. But that’s why he’s giving people a way to go around these managers and brokers by starting their own investments, and he explains it in “Profits Unlimited.”
Mampilly was also interviewed by Ideamensch to find out what he believes are important keys to investing and there were a couple things he mentioned. First, he says sometimes he needs to find out what he could be wrong about in order to change his thinking to be right. And second he says you have to pay attention to technology trends, specifically areas that are part of internet interconnectivity.
Paul Mampilly has done many things both as a public and private investor. He started in banking and accounting back in the 1990s after completing his bachelor’s degree at Fordham University. The banks he managed client assets at were ING, Deutsche Bank, Banker’s Trust, Sears and a private Swiss bank. He won many recognitions during this time that he was hired by Kinetics International Fund to join their team. He became one of the top strategists at this hedge fund that soon the assets under management there grew from $6 billion to $25 billion.
Paul Mampilly is also credited with taking $50 million in funds and growing it into $88 million as part of an investment competition hosted by the Templeton Foundation in 2008. Mampilly’s personal investments have been placed in young companies, some of which were nothing more than concept when he first invested in them. These companies include Netflix, CEMEX, Sarepta Therapeutics and even Facebook. Mampilly was only 42 when he retired from professional investing, but he decided to focus his time on family and writing advice for new investors. So in 2016 he started writing at Banyan Hill Publishers and showed the tips and tricks to investing at “Profits Unlimited.” Today he has over 60,000 subscribers and growing for his newsletters, the latest of which is titled “True Momentum.”