Paul Mampilly’s Background Of Investing As Told To Ideamensch

     Paul Mampilly shares investing insights to new investors at his newsletter “Profits Unlimited,” a publication that Banyan Hill distributes and that was recently reported to have over 60,000 subscribers. What users love about this publication is it’s carefully researched and easy to understand, and at the same time has stock investments that actually work. Mampilly knows a lot about investing because he spent years as a Wall Street insider, but then retired and decided to cater to the 99% of Americans who had no investing knowledge. Ideamensch became interested in this change and decided to interview Paul Mampilly about his newsletter.

Mampilly told Ideamensch that he usually wakes up around 5 AM to look at the stock market news and see how his own portfolio is performing, and then spends hours of research to look at change in stock prices. Mampilly says to succeed in investing, you always have to be willing to change with the markets and adapt your philosophy a bit to make sure it can keep up. He likes to find out which companies are emerging and which ones the millennial consumers like to buy from because those stocks are usually the ones that will soar. Mampilly values books and reading tremendously and his favorite is Nicolas Darvas’s “How I Made $2,000,000 in the Stock Market.”

Paul Mampilly immigrated to the US from India in 1991, and he spent a couple years doing hard work pumping gas and working in a cafeteria while working on his bachelor’s degree at Fordham. After completing this degree and later his master’s, Mampilly started out in research at Deutsche Bank in Manhattan. From there he started working his way up to senior portfolio manager at several big banks including ING, Bankers Trust, Sears and a private Swiss bank.

Mampilly really caught the attention of Wall Street publications when he joined Kinetic Asset Management and brought in an additional $19 million to their assets under management. He managed funds so efficiently the hedge fund was seeing 26% on annual returns. He also grew a $50 million investment to $88 million in the famous Templeton Foundation investment competition in 2008. He left the hedge fund business several years later and started Profits Unlimited in 2016.