Paul Mampilly told Ideamensch that one trend that’s driving the markets is the internet and its interconnectivity with major companies such as power plants, robotic machinery, financial institutions and so many other things. Mampilly is an investor who used to work on Wall Street but then moved out and started investment ideas through newsletters such as Extreme Fortune and Profits Unlimited.
Ideamensch asked him many questions in this interview, but one of the key answers he gave in addition to business trends that excite him was that you have to care the most about helping people instead of just making money because people are the most important part of any business you run. And that’s why Profits Unlimited has had so much success because it has ideas that truly work for people.
Mampilly started out in the financial industry upon completing a bachelor’s at Fordham University, though he still continued to work on his master’s while beginning in investment banking. He shared with Ideamensch that his time just prior to getting an entry level job in finance consisted of working as a janitor and gas station attendant, two jobs he disliked but shaped his work ethic once he entered finance. He began in research, but in a very short time he knew so much that he was able to start managing client investments. He served as a director for Deutsche Bank, ING, Sears and Royal Bank of Scotland before moving into hedge fund investing.
Paul Mampilly was noted by Barron’s magazine in 2006 for quickly growing Kinetics International’s client base and assets under management from $6 billion to over $25 billion. While also managing funds at Kinetics, he began his own portfolio that found small businesses to invest in, and it was this portfolio that won a competition at the Templeton Foundation for growing $50 million into $88 million in one year, especially when the financial crisis of 2008 was running at its worst. But Mampilly decided it was time to move on from Wall Street shortly after this, and with his great background in finance he began openly sharing how to manage a portfolio through his Banyan Hill Publishing newsletters. By 2016 Profits Unlimited was bringing in over 60,000 subscribers.
Follow Paul Mampilly on Twitter