Paul Mampilly has had two different takes on Amazon’s push into the healthcare industry. A few months ago he warned stockholders that Amazon’s new healthcare plan could drive many other company stocks down and cause losses in the market, but he did offer a more positive outlook in a more recent article that said some healthcare stocks could rebound and come back competing with Amazon. The reason he’s taking this stance is because Amazon was supposed to disrupt and spell the end of grocery stores with an acquisition they made this last year, but has Mampilly and has colleague noted this move only drove down several supermarket chain stocks for a brief period and they’ve since bounced back. They also were thought to have entered the online streaming area in a way that was going to bump Netflix out of its place, but to this day Netflix is competing as strong as ever with Amazon. So Mampilly says if you have lost value in some health stocks, don’t give up just yet because Amazon isn’t likely to wipe all of them out. Read this article for more info.
Paul Mampilly was in finance and banking for many years with his early stage beginning in research and later finding high return investments as a portfolio advisor. He moved from Deutsche Bank to ING, Banker’s Trust and eventually to Kinetics International Fund. While he was at Kinetics International Fund, he was mentioned in a story about the firm and how it grew from $6 billion to $25 billion in AUM, and investors saw their portfolios bringing in 26% in annual returns. But Paul Mampilly was doing even more with his own portfolio as he bought stocks in Netflix and Facebook that yielded over 200% in gains, and several years later was one of the first investors in Sarepta Therapeutics that yielded over 1,000% as it grew the next year.
Mampilly may have been at the height of his career in 2012 at age 42, but he considered it the perfect time to retire from Wall Street because he worked too many long hours. Although he retired, he didn’t stop buying stocks and decided he needed to share what he knew about building a portfolio with investors who wouldn’t otherwise know how. So he joined Banyan Hill publishing and currently writes three newsletters for them which explain investing and picking the right stocks. Within even the first few months of newsletter writing, Mampilly picked up over 60,000 readers. His newsletters are all available at BanyanHill.com and he also has a YouTube channel that he posts advice on. Related Links: https://banyanhill.com/expert/paul-mampilly/