Having retired from high-level positions on Wall Street, including being a hedge fund manager, Paul Mampilly now spends his days helping regular Americans make lots of money by investing in stocks he recommends in Profits Unlimited. He recently sat down for an interview with Eric Dye of Enterprise radio. He shared how investing has really changed over the past 25 years and what first time investors often do wrong. He also touched on initial public offering that are worth following and some of the entrepreneurs he finds to be pretty admirable.
Paul Mampilly started out the interview by noting that he has a proven track record when it comes to investing. He has been successfully helping them for the past seven years. He had worked as an analyst on Wall Street, ran a trading desk, and made the investment decisions for a hedge fund manager. He puts in a lot of work each day figuring out what companies are poised for enormous growth.
He says he can spend 12 to 14 hours each day reading materials in order to make informed investment decisions because that’s what it takes to get things right. He also tracks the stocks that his subscribers have indicated interest in and the ones that are on his watch list.
Computers and the internet have changed quite a bit about investing and Wall Street, just like it has affected just about every other industry. Trades that used to be done by humans are now being done by artificial intelligence. These advanced AIs track stock prices and use the same information as other investors use. When Paul Mampilly started out it was only the largest investment firms that used computers but now even the smallest investors do so.
Paul Mampilly says that the initial public offering he has been most closely following is that of Spotify. He finds it interesting because they did a “public listing” which means they didn’t raise money when their stock was listed on the market. What this meant was that their early investors wanted to sell their stock instead of the company deciding to raise capital. If more companies do this than Wall Street is going to lose a lot of power he says.
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