Paul Mampilly went to college with the intention of entering the financial industry. He earned a number of college degrees, including an MBA that he earned at Fordham University.
He started out in the financial industry on Wall Street in 1991. His first position was as an assistant portfolio manager when he worked for Bankers Trust. While on Wall Street he eventually worked for both ING and Deutsche Bank as well as a couple of law firms. He also managed a hedge fund for Kinetics Asset Management, his success at which earned it being called the “World’s Best” return by Barron.
For two reasons Paul Mampilly decided to leave his life on Wall Street behind. The first reason was the extraordinarily fast pace eventually became draining for him. The other reason was that he was using his skills to only make money for the people who were already the richest 1% in the nation. He decided to leave Wall Street, indeed New York City, and moved along with his family to Durham, North Carolina.
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Once away from Wall Street, Paul Mampilly joined Banyan Hill Publishing where he now publishes a newsletter, Profits Unlimited, that shows regular middle-class investors what stocks to put their money in. He is also brought on television shows to give his opinions, such as those on Fox Business News, CNBC, and Bloomberg TV.
There are three sectors of the economy that Paul Mampilly believes will do very well in the years ahead. These are food delivery, electric vehicles, and precision medicine according to ideamensch.com. For electric vehicles, he says these will take increasingly large parts of vehicle sales. There are a number of reasons for this, one of which is that they are much more environmentally friendly than gas run cars. He also says that they’re much less expensive to maintain as they don’t have nearly so many moving parts to them.
Paul Mampilly says precision medicine is already taking over the medical industry. It enables doctors to treat patients on a much more individualized and successful way. As for food delivery, he says there are a number of services now which are proving to be an increasingly popular way of eating restaurant food.
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