Paul Mampilly’s Ability to Recognize Bubbles Prevented Him from Investing in Bitcoin

Paul Mampilly was recently featured in Caleb Garvin’s article for the Daily Forex Report, “Paul Mampilly Has Struck Gold Again.” The article reveals that the investment expert is warning people against investing in cryptocurrency because it is a bubble that was ready to burst. He chooses his investments with great care, after hundreds of hours of research. He recognizes that cryptocurrency is by its very nature incredibly difficult to value. The value is dependent upon the public’s current opinion of cryptocurrency. If the public begins to realize the cryptocurrency isn’t worth as much as it is showing, the price will drop very quickly.

Mampilly revealed this isn’t the first time he has avoided an investment bubble. Many of his Wall Street friends and fellow investors encouraged him to invest in the dot.com bubble in the late 90’s. However, his astute impression allowed him to avoid the bubble that caused many of his friends to lose millions of dollars in the crash. The issue Paul Mampilly has with these types of investments is that people become incredibly attached to stock shares. When the public becomes excited, so does the investor, causing them to miss the signs that it is time to sell. Instead, they begin to watch their stocks take a nose dive and wait for it to go back up. However, the bubbles will often burst without showing many signs. By the time it goes down, many investors have lost their entire portfolio. Mampilly’s decision not to invest in Bitcoin shows he is a prophet with extraordinary insight into the investment world.

Paul Mampilly created his career in investing after he finished his BBA in Finance and Accounting from Montclair State University and his MBA from Fordham Gabelli School of Business. After completing his education, he went straight to Wall Street. He worked for companies like Bankers Trust Company as an Assistant Portfolio Manager. He later graduated to Senior Research Analyst for companies like Deutsche Asset Management and ING funds.

However, after spending nearly two decades working on Wall Street, Mampilly realized he no longer wanted to help the rich get richer. Instead, he helps average investors get more from their portfolio through his newsletter Profits Unlimited.

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