Paul Mampilly was a portfolio manager for high net worth clients at Kinetics International Fund, but now he’s simply a private investor who shares his portfolio statements with Main Street investors through his newsletter “Profits Unlimited.” He’s built a great reputation for being able to see the future of various stocks and making wise investments in them. Ideamensch became very interested in Mampilly’s work and decided to ask him more about his newsletters.
Mampilly recounted how he moved to the US and said the worst jobs he had were working at a gas station and cleaning in a cafeteria. Yet he also said those jobs encouraged him to work hard at everything he did and reach for something higher. As an investor, he follows a daily routine of tracking stock news and paying close attention to any changes in stocks in his own portfolio. He is especially interested in tech stocks and believes that the interconnectivity of the internet is revolutionizing how the economy operates. His biggest strategy is always to make sure his investment and business ideas work for others instead of focusing only on making money.
Paul Mampilly is a graduate of Fordham University and he began in the investment banking world in the research department of Deutsche Bank in Manhattan. From there he moved into portfolio advising with several big banks including Sears, Bankers Trust, ING and Royal Bank of Scotland. He joined Kinetics International Fund in 2006 and started making large profits there, including growing the AUM from $6 billion to $25 billion. Clients saw returns of over 26% annually, and Barron’s named Kinetics as the hottest company in the hedge fund circles.
Mampilly made news in 2009 when he grew a $50 million investment given to him by the Templeton Foundation at a competition they hosted, into an $88 million fund. He did this when the recession was at its height. His portfolio also has made headlines by buying stock in Serepta Therapeutics when they were merely a startup and making over 2,000% on returns in a few short months. He’s also bought stocks in Netflix, Facebook and other apps when they were still young.
For more, visit https://relationshipscience.com/paul-mampilly-p3868799.