Paul Mampilly is a financial advisor and a senior editor at Banyan Hill Publishing. He has been publishing his financial advice through his Banyan Hill newsletter called “Profits Unlimited” since 2016 and has gathered 90,000 subscribers. Mampilly is also known to get featured on trusted media such as CNBC, Bloomberg TV, and Fox Business News. Before that, he worked as an assistant portfolio manager for Banker’s Trust. He also received his MBA from Fordham University. During his interview with Eric Dye, Mampilly shared his business thoughts about the market changes, Spotify, and Elon Musk.
When it comes to investing, expert Paul Mampilly is one of the folks who managed to weather out the storm that is known as the Wall Street. He has experienced in managing money, being an analyst, and managed a trading desk. When asked about the biggest changes in the stock market, his answer is technology and how access to it is easier now for both big-sized and mid size investors. Another change that Mampilly noticed is that there are a lot of Exchange Traded Funds or ETFs now than 20 years ago. The market was crowded with mutual funds two decades ago and the information is not available to everyone back then.
Mampilly also noticed how innovation is now one of the metrics to judge a firm’s value. Paul Mampilly revealed that he is currently following Spotify, which went public since last year. Paul Mampilly says that Spotify got a unique way of coming into a public company. Instead of getting a capital as other companies do, they sought for liquidity moment by going public, and hence, avoiding the fees from the Wall Street. Spotify’s subscription business model is also something to that is worthy of interest. When questioned about who is the entrepreneur that Paul Mampilly admires right now, he answered Tesla’s company face, Elon Musk. The reason for this is because Elon Musk managed to find the guts, take the risk, and reap the reward of the company that he built from his investment ideas. Mampilly also admires Musk’s ability to move people’s vision through his words and action alone.