The big news Amazon announced in 2017 was that they were forming a merger with JP Morgan Chase and Berkshire Hathaway to start a brand new pharmacy purchase subsidiary. Investment expert Paul Mampilly wrote about this in two articles. He originally said that the new model Amazon was bringing in was going to cause a major disruption to most regular pharmacy companies and potentially destroy their stocks, but then in a later article he changed his tone and told investors not to pull the plug just yet. Visit Bizjournals.com to know more.
Paul Mampilly certainly knows that Amazon has beaten out many competitors and changed how shopping in general is done. But at the same time, he also said that some companies have figured out how to get back ahead of them and come out stronger in the markets. For example, Amazon moved into the video-on-demand service a few years ago and experts started saying it would be the end for Netflix. But Netflix figured out their own service upgrade features and today is still dominating the market. Amazon also was said to be taking over the food market when they announced a joint venture with Whole Foods. This service was supposed to spell an end to grocery stores due to the new shopping model it rolled out and the cheaper prices that were supposed to come. But it didn’t happen that way and many supermarkets like Kroger and Food Lion saw their stocks soar back up. Mampilly believes Amazon’s entry into healthcare may change some things, but it probably won’t destroy all other companies.
Paul Mampilly writes newsletters for Banyan Hill because he likes sharing his own opinions on investing without having to cut through all the politics of Wall Street. He used to work for several investment banks on Wall Street including ING, Deutsche Bank and Banker’s Trust. Mampilly also grew a hedge fund’s assets from $6 billion to $25 billion, won an investment competition for growing $50 million to $88 million and also bought the stocks of a pharmaceutical company that grew over 1,000℅. But he then made a sudden change in his life.
Paul Mampilly had grown disillusioned with his life on Wall Street and decided he could do things his own way and get to be with his family more. But he also knew he could help hard-working people build their own wealth if he gave them an inside look at his portfolio. He includes his portfolio and making investment terminology easy to understand in the three newsletters he writes which are “Profits Unlimited,” “Extreme Fortunes” and “True Momentum.” He has over 60,000 readers for these newsletters. Read this article at weeklyopinion.com.