Ever since he completed his studies at Fordham University and walked away with his MBA, Paul Mampilly has been an influential figure in the finance arena thanks to his sheer uniqueness in doing things and vast knowledge. He boasts a rich resume and the fact that he became an assistant portfolio manager at Bankers Trust after immediately after earning his MBA, helped lay an incredible foundation for his career because since then, his has been a journey of success after success.
Paul Mampilly is an invaluable asset in Wall Street and the entire business arena as well, because every firm he has ever had his hands on, boasts monumental success today thanks to his involvement. For instance, while working as a hedge fund manager at Kinetics Asset Management, Paul helped propel the company to unbeatable heights after he increased its fund to a whopping $25 billion and increased its yearly returns by 26%. This resulted to it being named the World’s best hedge fund by Barron’s. He is also a Templeton’s foundation award winner as he helped turn $50 million into $88 million during the 2008-2009 recession period, using his extensive skills and knowledge.
It is thanks to all this and many other achievements that Eric Dye, a famous show host and podcast producer recently invited him to one of his podcasts, where the two discussed different aspects of the stock market. Paul Mampilly gave insight on how the stock market today is different from the market people knew ten years ago. For instance, he cited that today, investors prefer ” Exchange Traded Funds” commonly known as ETF’s over Mutual funds and are utilizing them more than they did two decades ago. He also cited that most investors nowadays are using similar investment tools, a factor that places the average investor at a deprived position.
Mr. Mampilly also went on ahead to give examples of the costly errors that most amateur traders make while making their first trades. Some of these according to the Guru include; investing too much money into one stock instead of diversifying their portfolio thus resulting in massive losses when that particular stock crashes. Paul Mampilly went ahead to add that the right time to buy shares is when things are not going so well in the market because then, the prices are often at their lowest yet, amateur buyers tend to make the mistake of doing the exact opposite.
Besides the changing market trends and errors that traders make, Paul Mampilly went on ahead to reveal that even though most people deem him as the perfect role model, there are individuals whose levels of success he admires and one of them is owner and CEO of Tesla, Elon Musk.