Finance and accounting are not what it used to be, previously. The hardcore number-crunching has changed to a more of an analysis and integrative approach. This trend and change in convention brought about various financial analysts and investment advisor. Among them is Paul Mampilly who has made his mark in the industry. A native of India, he came to the United States of America at the age of 18 to attend college and pursue his undergraduate degree. Following the bandwagon, Paul adopted the culture and embraced the USA to make it his permanent home. He started his career in Bankers Trust as an assistant portfolio manager and strived hard to reach high leadership roles. Consequently, he became an investor for multi-billion dollar companies. It was perhaps the efforts of Paul that made Kinetics Asset Management received the title of World’s Best hedge funds. View Paul’s profile on Linkedin.
An insight into Paul Mampilly’s life and career showed us various things. He is said to quit Wall Street due to its concentrated nature towards the elite class only. Although the work was very exciting for Paul Mampilly this primary focus was not satisfying for him, therefore, he founded Profits Unlimited to aid regular Americans in investing activities. Paul made his time at Wall Street a stepping stone in order to reach better heights. He was well aware of the fact that the work there is tedious and requires attention but the back end information is also to be kept into consideration. The pressure is a lot and dealing with this is surely one of the things Paul greatly credits Wall Street for. The thing that bothered him the most about Wall Street functioning is that middlemen always make the cut for successes. It bothered him that successful investments did not translate into success itself. This can be attributed to the fact that in many ways market is rigged. The idea of giving up information is helping competition is false and something that greatly destroys market efficiency.
Paul Mampilly staunchly believes that there is no sure shot way and hence his recommendations are holistic with both positive and negative aspects of the matter.