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.
George Soros is one of the most influential hedge fund managers in the United States. Although Soros is now worth an estimated $25.2 billion, he wasn’t born into a wealthy family. Soros was born in 1930 in Budapest, Hungary. Both of his parents were of Jewish descent. When the Nazis took over Hungary during World War II, Soros fled to England to avoid being sent to the German concentration camps. While in London, Soros enrolled in the London School of Economics where he studied philosophy under the influential Karl Popper. In order to finance his studies, Soros worked numerous menial jobs around the British capital.
After graduating the London School of Economics in 1954 with a Master’s degree in philosophy, Soros entered the financial world as a merchant banker in London. He then decided to moved to New York City in 1969. Once he arrived in NYC, Soros founded his own Wall Street hedge fund with $12 million. This hedge fund is now known as Quantum Fund. It wasn’t until 1992 that Soros had his first major success in the stock market. That’s the year Soros and fellow investor Stan Druckenmiller took a huge short bet on the British pound that racked in huge gains. It’s because of this famous short position that Soros is often called the “man who broke the Bank of England.” Soros now presides over the much larger Soros Fund Management, which has around $30 billion in assets. Read more at The New York Times about George.
While people involved in finance know of Soros as an investing legend, the general public is probably more familiar with his philanthropic work. Soros first became involved in politics during the 2004 U.S. presidential race. Ever since then, George Soros has been a staunch supporter of the Democratic Party, humanitarianism, and universal human rights. He set up the Open Society Foundations to donate grants to groups around the world dedicated to advancing social justice.
In recent years, Soros has donated millions of his own money to help the refugees coming into Europe as well as various civil rights groups in the USA. He was a prominent supporter of the Hillary Clinton campaign and he continues to be a strong critic of President Donald Trump’s policies. After President Trump was elected, Soros donated millions of dollars to various groups around the nation dedicated to fighting hate speech and racism. Learn more about his profile at businessinsider.com.
The driving force behind much of Soros’ activism has to do with his own experience of bigotry at the hands of the Nazis. He says discrimination of any kind should never be tolerated, no matter a person’s race or ethnicity. George Soros is currently married to his third wife Tamiko Bolton. He has a total of five children and lives in New York.
Dr. Jim Tananbaum is an entrepreneur in the biotechnology industry. He holds a number of degrees, the first being his Bachelor’s Degree in Math and Computer Science. He graduated in 1989 from Harvard Medical School with his Doctor of Medicine and from MIT with his Master of Science in Information Theory. He is also a graduate of Harvard Business School, earning his MBA in 1991. His medical specialties include genetic epidemiology, clinical immunology, and clinical pharmacology.
It was in January 1991 that Dr. Jim Tananbaum started his professional career, co-founding GelTex. He served as both the Chief Executive Officer of this company, from the beginning of 1991 until the end of 1992, as well as a board member from January 1993 until January 1997. This company created non-systemic drugs and released two drugs with FDA approval, Renzela and Cholestagel. This company was acquired by Genzyme in 1997 for $1.6 billion.
In addition to serving on the board at GelTex, from 1993 to 1997 Dr. Tananbaum was a Partner at Sierra Ventures which was a healthcare services investment firm. Among the companies he invested in were CareSelect and Amerigroup. He left in 1997 in order to co-found Theravance which is a biopharmaceutical company with a diverse set of expertises.
In 2001, Dr. Tananbaum again co-founded a company in the biotechnology industry, Prospect Venture Partners, which was a venture capital firm that focused on investing in startup pharmaceutical companies. He was this company’s Managing Director and successfully led the company for 9 years.
Dr. Tananbaum founded Foresite Capital Management in 2010 and continues to lead the company as its CEO. This company, headquartered in San Francisco, invests in biotechnology firms with late-stage products. The type of companies he invests in includes those that make medical devices, healthcare services, genomics, diagnostics, and biotechnology. His wealth of experience and knowledge has led to him being a very effective investor including his being named to Inc. Magazines top 100 Investors Midas list for 2016.
See more: https://www.linkedin.com/in/jim-tananbaum-a7562a7/
The infamous investor Warren Buffett announced a wager for $1 million in the name of charity. He is betting that he can do a better job of investing than an assortment of hedge fund managers through the S&P 500. The winner of the bet will be determined by the end of 2017.
Warren Buffett feels there are way too many expensive and mediocre investors working in a style that is shortchange. His ideas that low-cost investments should be simple by nature and thought of as long term investments is popular amongst many in the financial world. Buffett takes the approach of analyzing companies rigorously and creating portfolios that are durable. Over the decades, he has been rewarded immensely for his philosophy. There is no person in the world who has been an evangelist for retirement savings. He wants all people to get invested and stay invested.
Capital Group is headed by Timothy Armour who holds the title Chief Executive Officer. He also functions as an equity portfolio manager. For more than 34 years, he has worked in the world of investment. He has been a lifelong career man at Capital Group. It is an amazing success story that someone who started at the bottom of the company 3 decades ago managed to rise to its highest position. While working his way up as an analyst, Timothy focused on U.S. service companies and the telecommunications industry.
At the very beginning of his career, he was in The Associates Program. His talent was recognized early and he outpaced the other associates. Tim currently lives in Los Angeles, and he received his education at Middlebury College. He is a respected man within the local community of financial experts, and when he is not devoting his energy to running Capital Group, he is concerned with the welfare of others.
Learn more about Tim Armour: http://www.investmentnews.com/article/20150729/FREE/150729863/capital-group-parent-names-armour-chairman-replacing-rothenberg