2017 was marked by a huge increase in the number of people who were investing in the cryptocurrencies. Already, there are a number of coins which are at the heart of the recent trend. There is Bitcoin, Ethereum among others which are performing very well. Bitcoin is already priced at around $15000 currently. This increase has caused a lot of excitement in the financial industry as investors make millions overnight. People who invested in Bitcoin a year ago were buying it at about $1000. This shows a huge increase since then. The appetite for making millions overnight has attracted newbies in the industry who do not understand anything about them. People are just buying them just because they have heard that they are generating huge returns.
Many investors are looking for price dips and then buying further hoping that the market will keep going up. However, this is not the first time such a thing is happening. Investors who have been in the industry for a long time know that this phenomenon has happened before. One investment Guru Paul Mampilly understand the first such phenomenal. It happened in 1999. When the prices of technology stocks were going up insanely. There was an increase of even 2000% in some stocks. Many people made huge profits from the stocks and were very happy. They thought the stocks would continue moving higher. Unfortunately, what they did not realize is that the stocks were just a bubble that would soon burst and leave most of them in deep problems.
Paul Mampilly is one of the people who took note of the unrealistic nature of the stocks and sold his shares before the bubble burst. Many investors held on. However, when the stock started falling many people were trapped by the market. They kept buying hoping it would go higher and higher. This did not happen. The markets went lower and lower until many investors were left with zero balance. They failed to read the signs of time and realize that the market was no longer worth the investment.
Paul Mampilly predicts the same case for cryptos. Investors will continue buying but the stocks will get to a point where they will not go higher. They will come down while investors will still be buying more hoping the price would later shoot.
About Paul Mampilly
Paul Mampilly is a renowned investor in the stock markets. He has been trading in the financial sector for a long time. He has worked with big financial institutions and even has been a hedge fund manager.
He is the author of the newsletter known as the “Profits unlimited.”
Read More: dailyreckoning.com/author/pmampilly/
Highland Capital Management is an investment services company founded by James Dondero and Mark Okada in 1993. James is still the President of the organization that caters to a range of investors and provides generous charitable donations consistently. James Dondero received his education from the University of Virginia and has over three decades of experience in the financial services and equity market industry. He has worked for several small and large corporations including JP Morgan, American Express and Protective Life. This exposure to different walks of life made James into a philanthropist and more caring individual. This is where he learned the importance of giving back and donating to various charitable causes. James’s strives to support his local Dallas community with various donations, growing local businesses and helping to create more jobs in the Dallas-Fort worth area. Highland Capital currently manages over $16 billion in assets and is one of the largest credit managers in the world. Follow James on Linkedin.
One such cause is The Family Place, which is the largest charitable organization that supports those affected by domestic violence in Texas. The Family Place was founded in 1978 and has since helped more than 200,000 individuals suffering from family violence. In 2016, The Family Place started a campaign called the Legacy Campaign to raise $16.5 million to grow and support its efforts. James Dondero and Highland Capital Management immediately stepped in to help its local charity.
Highland Capital Management’s continuous philanthropic actions led to the formation of Highland Dallas Foundation, Inc. an entire division of Highland Capital dedicated to charitable causes. Through this philanthropic division it began the $1 million challenge grant. The grant states that Highland Dallas Foundation will match 50% of donations given to The Family Place up to $1 million for example, if someone donates $100,000, Highland will donate an additional $50,000 towards to campaign. This will ensure The Family Place achieves its goal and continues its important duties to the community.
The $1 million challenge grant will help The Family Place construct a new building that will shelter victims of domestic violence. James Dondero’s touching words at The Family Place’s 21st Annual Texas Trailblazer Awards inspired many to donate to the Legacy Campaign that went from conception to reality in under a year. Read this article at barrons.com.
SahmAdrangi Founded the Kerrisdale Capital Management in 2009. He is also the Chief Investment Officer and is practically involved in all the aspects of the firms’ development over the years. He started the company with a capital of 1 million dollars, to date; the company manages over 150 million dollars. MrSahmAdrangi is also known for his shorting and exposing fake and fraudulent Chinese organisations such as the China-Biotics, China Marine Food and Lihua International in 2010 and 2011. Some of the target companies such as ChinaCast Education Corp and China Education Alliance became subject to investigation action from the Securities Exchange Commission. These activist activities helped MrAdrangi create a reputation for himself.
Kerrisdale is a corporation best known for short selling and sharing research on stock markets. MrAdrangi believes in sharing the views on the stock market exchange such as overhyped shorts and under-followed longs, concepts that are considerably misunderstood by the general public. In the past few years, SahmAdrangi has concentrated the company’s efforts on some particular sectors of expertise. These include the biotechnology field where Kerrisdale has published numerous research on development stage companies such as Sage Therapeutics, Bavarian Nordic, and Zafgen among others. Another area of interest is the mining sector where the firm has focused on the market estimation as well as the marketing predictions of the Northern Dynasty Minerals and the first Majestic Silver.
Kerrisdale has also shifted attention to the telecommunication sector and has been publishing many reports on this area, sharing cynical views on Dish Network, Globalstar, Viasat Inc. and Straight Path Communications. In 2014, SahmAdrangi uncovered the weaknesses of the Proposed Terrestrial Low Power Service (TLPS) by Globalstar. He did this in a live demonstration, and webcast, followed by a series of publications, ex parte letters filled with the FCC and a meeting with FCC.
Apart from Publishing research, MrAdrangi is also an activist who led a delegation contest to substitute the Directors of Morgans Hotel Group in 2014. In the previous year, he had engaged Lindsy Corporation Management to optimise the company’s cash deployment and capital allocation policies. He has also given speeches in numerous conferences including the Activist Investor Conference.
To Read More : www.hvst.com/user/sahm-adrangi