While some people have taken the road most traveled in buying stocks, some people have found some of the most unlikely stocks and bought then while they were still small, later selling them for thousands if not millions of dollars. One such investor is Paul Mampilly, a former hedge fund manager who now invests simply for personal reasons.
Mampilly was an early investor in Facebook and Netflix and profited greatly when those companies became two of the most widely-used internet services. Today he writes about even more good stocks with Profits Unlimited and now True Momentum, two newsletters published at Banyan Hill. People who have never tried investing before have highly commended Mampilly’s advice on these newsletters and have reported making thousands of their own in buying small stocks.
Paul moved to New York as an immigrant from India back in the early 1990s, and after completing his bachelor’s and master’s degrees at Fordham, he began working in research at Deutsche Bank. He developed a knack for details and started paying close attention to how the markets worked, and soon he was also working as an advisor to other banks including ING and Bankers Trust. In 2006 Paul Mampilly joined Kinetics International Fund and became a sensation on Wall Street after he grew their portfolio to $25 billion in assets under management. Thanks to his work, Barron’s cited Kinetics as the fastest-growing firm at the time.
Paul Mampilly’s biggest investment was a $50 million grant given to him by the Templeton Foundation in 2008, even though the financial crisis hit its hardest during this time, Mampilly grew that investment to $76 million which helped him win the competition. But several years later he left the hedge fund industry because he felt too many middle class people were left out of the assistance that the big banks gave to big corporations, and he felt he could do more for them than most brokers at big companies. Mampilly’s newsletters have been growing tremendously with a recent report from PRNewswire stating that Profits Unlimited now has over 60,000 subscribers.