Paul Mampilly started his career in 1991 as an assistant portfolio manager for banks in Wall Street. He built his career by working for various legal firms at the same time improving his investment skills. As proof of his exemplary investing skills, he won an award at the prestigious competition which was organized by Templeton Foundation. Eventually, Paul mampilly got tired of working at Wall Street and decided to use his expertise ability to help everyday people instead of working for large corporations. Speaking to Erick Dye of enterprise radio he says that his long background in Wall Street is what makes him have authority in making investments and dealing with the finance industry.
He insisted that he is helpful in making investments for everyday people since he has experience in all the aspects of Wall Street which ordinary investors lack. Investment expert Paul Mampilly went on to add that what makes him be different from his colleagues are the 12-14 hours of reading he does daily. According to Paul the major change in the stock market have been caused by the invention of computers. Trading that was previously done by people is currently done by computers through the use of algorithms, artificial intelligence, and trading robots. The use of such technology puts the ordinary investor at a disadvantage since they lack such technology resources.
Other than computers the other change he witnessed was the domination of Wall Street by exchange-traded funds (ETF). The ETFs replaced mutual funds which were previously preferred. Paul mampilly says about Spotify’s IPO which he had keenly followed. He had been interested in Spotify because of the way they choose to go public and also their subscription business model. He went on to state that the most common mistake people make when investing is where they choose one stock and put all their money in it. His favorite entrepreneur is Elton Musk since he has the courage to begin the type of companies he has like Telsa. When starting Telsa there was no demand for electric cars but that did not stop him.