At one time, Paul Mampilly would’ve been seen scrambling to his vehicle and trying to beat traffic to get to the office and meet his clients in the nine to five schedule of the corporate world. But now he just works on his own time as a contributor to Banyan Hill Publishing and a newsletter author. He also spoke to Ideamensch, a blog that interviews entrepreneurs to find out what’s made them successful and what they recommend to others to succeed in the same field.
Paul Mampilly said he got the idea to go into newsletter writing because he could still make money while offering affordable information to customers. Plus he said in all the years he served in the big banks and wealth management firms, he was disappointed he never really helped people in the struggling middle class. His newsletters are a way that he can inform people on how to invest in stocks while making sure they understand the process, and giving them complete control of their own portfolio at the same time. Paul Mampilly told Ideamensch that entrepreneurs should consider how they could be wrong in their investment strategy and adapt when that’s the case. He also said the trends they should be looking out for are Internet of Things trends such as artificial intelligence and digital currency.
Paul Mampilly also recalled a little of his journey to success on Wall Street which took hard work on his part including serving at a gas station and in the cafeteria of Montclair State University where he attended. But it was well worth it as he later said it taught him a lot about work ethic and after completing an accounting and finance degree, he started his banking career at Deutsche Bank. He began in research in the commercial division, but then moved into bigger investment advisory services. After several years at Deutsche, ING and Banker’s Trust, Paul Mampilly became a Managing Director at an emerging hedge fund in 2006 known as Kinetics International Fund. During his time there, he grew the firm’s assets under management to $25 billion, and on the side he entered and won the investment competition hosted by the Templeton Foundation where he found an investment that moved against the tide of the 2008 bear market. Mampilly stayed on Wall Street for about 10 years until he retired and joined the team at Banyan Hill.
Paul Mampilly @ Facebook.