Paul Mampilly is imparting the knowledge of the NYSE to people all around the US who want to know how they can find a slice of the pie. He’s doing this through his newsletters that include “Profits Unlimited” and “Extreme Fortunes.” What’s notable about Mampilly’s entrance into the newsletter business is that he left a high-paying job in the hedge fund industry and decided instead to devote his time to the uninformed investors. He was only 42 when he left Wall Street, but is happy to be spending more time now with family and friends. He told Ideamensch about what drives him to success.
Mampilly said in his interview with Ideamensch that he felt most of the banks and hedge fund managers only catered to the elite and left too many people who needed to be investing out of the picture. So he started Profits Unlimited so that investors could see his own portfolio and understand better how to find good stocks. Mampilly also said he’s always exploring which technologies are about to takeoff and also pays attention to millennial consumers as they’re going to be the future of the economy. He recommends people read Nicholas Darvas’s book “How I Made $2,000,000 in the Stock Market.”
Paul Mampilly came to the US from India to learn how to become an investment banker and completed his bachelor’s and master’s degrees at Fordham University. He first started working for Deutsche Bank, and then moved to portfolio management positions at ING, Bankers Trust, Sears and others. He entered the hedge fund industry in 2006 when he joined Kinetics International Fund, and he grew that company’s assets under management from $6 billion to $25 billion.
He won an award from the Templeton Foundation in 2009 for growing an investment starting at $50 million to $88 million during the time when the financial crisis was at its worst. As a private investor Mampilly has also found gems in various pharmaceutical and technology stocks such as Serepta Therapeutics which gained over 2,000% in profits, and Facebook and Netflix which also saw returns in high percentages. His newsletter “Profits Unlimited” has grown to over 60,000 subscribers.