While many investors like to pride themselves on success through believing what they got right, some actually look at where they could be wrong and build on that. Such an investor is Paul Mampilly, the author of “Profits Unlimited” at Banyan Hill Publishing.
Mampilly told Ideamensch when asked about his work that he sometimes looks at where he could be wrong in order to figure out where to go right the next time. Mampilly said he’s focused his investments on popular millennial apps and also looks at things related to the “internet of all things.” Mampilly is also releasing a new newsletter titled “True Momentum.”
Paul Mampilly was born in India and moved to the US in 1991 to become an investment banker. He had to work hard to get through college at Fordham University, but by 1996 he had landed a job at the prominent Deutsche Bank. From there he became an investment expert and advisor for clients at ING, Bankers Trust, Royal Bank of Scotland and Sears. He left banking and joined a growing hedge fund known as Kinetics International Fund. He made headlines in Barron’s magazine when he grew the firm’s assets under management to $25 billion and made investments that yielded as much as 26% in annual returns.
Paul Mampilly drew the attention of top level Wall Street bankers who formed the Templeton Foundation and invited him to join their 2008 investment competition. He took a $50 million fund and turned it into an $88 million fund in just one year even though the recession hit many other investors hard that year. A few years after winning this prestigious competition, Mampilly decided to retire though only in the technical sense. He continued investing on his own and in the coming years saw big profits made in stocks such as Facebook, CEMEX, Sarepta Therapeutics and Netflix. The idea behind his newsletters is to give unaccredited investors the same opportunities that Wall Street bankers have had and to manage their portfolios without broker fees and interference. “Profits Unlimited” started in 2016 and in only a few months gained 60,000 followers.
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