Paul Mampilly decries the measure of success in Wall Street

When matters of Wall Street are mentioned today, one person who commands respect is Paul Mampilly. As one of the most successful investors in the history of Wall Street, his opinion on what happens there and the impact on the outside world can never be ignored. He has worked from Wall Street for two decades and has held prime positions. His journey started in 1991 when Bankers Trust employed him as an assistant portfolio manager. He then joined other organizations such as ING and Deutsche Bank before becoming the hedge fund manager of Kinetic Asset Management. As a hedge fund manager, KAM was declared the World’s Best hedge fund for an excellent performance.

Paul Mampilly left Wall Street because he felt that the measure of success was not fair. For instance, the fees involved in investments are too high, which end up affecting the performance of one’s investments. Unlike in school where the performance of the children measures a teacher’s success, in Wall Street, there was no direct measure of success. For instance, if he gives advice and it turns out to be wrong, he should not get anything from the transaction. It is not fair to give the wrong advice and still stand a chance to scoop huge rewards in fees. Paul Mampilly felt that this was one of the things that needed to be rectified for Wall Street to be the best platform for investments.

Paul Mampilly says that the market is rigged depending on how much information can access. Insiders in Wall Street are likely to have valuable insider information to help them make the right decisions. He started his solo business of offering investment advice so that he can share such information with the average investors. Although many people think that all the information they need can be accessed as long as one has an Internet connection, this is not true for the investing industry. Here, there is a lot of information that is not available to the average investor. Unfortunately, many people who have access to valuable information think that by sharing with others, they will be helping competition.

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