Charles K. Phillips

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EDUCATION

Miami University
Emory University School of Law

PROFESSION

Vice President
Phillips Bros. Insurance

MY APPROACH TO INVESTING

There are two critical attributes I look for when I decide whether to invest in something. The first is the people involved. Are they smart, “hungry”, trustworthy people that I believe in? That is a key component for me irrespective of the structure of the investment or the potential returns. The next attribute is “do I believe in their story?” I want to hear something unique, different, that other people aren’t doing or can’t do. If they have these two attribute, then I get intrigued.

HOW DO HISTORY AND PAST TRENDS IMPACT YOUR INVESTMENT DECISION?

I often find that fresh/interesting takes on old models are the best concepts out there. Ideas, concepts, markets etc. are constantly changing and I want to be with the people who are ahead of the curve and not chasing the past.

WHY ARE YOU INTERESTED IN INVESTING IN EARLY STAGE COMPANIES IN DEVELOPING COUNTRIES?

I personally believe that the opportunities in developing countries are limitless. The world (as we all know) is shrinking and information is flowing across the globe as it never has before. The opportunity to invest in a country that is primed for economic development and growth is very exciting. Admittedly, the risks are higher but that is why I look for a company like VestedWorld to utilize their expertise to determine the best ways to access these markets while mitigating my risk.

RETURNS VS. IMPACT, WHICH IS MORE IMPORTANT TO YOU AND WHY? DO YOU THINK THE TWO ARE MUTUALLY EXCLUSIVE?

Let’s be honest, return is the most important facet to an investment. Most people are lying or far wealthier than I am if they claim impact is the most important. However, when the two are properly aligned, it can be incredibly powerful. That is my favorite type of investment, when you can make money, and help people.

WHY DO YOU THINK PEOPLE ARE HESITANT TO INVEST IN DEVELOPING COUNTRIES?

I think there is a stigma for investors with respect to developing countries and a fear that they will get taken advantage of. We have all received emails from those “Nigerian princes” asking for you to help them get money out of their country. Further, historically developing markets have proven to be unreliable and riskier investments, particularly with respect to political risks that you don’t traditionally see in more developed markets. Those are all valid concerns and issues. I think we’re now seeing shifts – better governance, commitment to rule of law, enforcement of contractual arrangements, and greater transparency thanks to technology facilitating the free flow of information – that will address the risks and help these countries achieve the economic growth that has eluded them historically. I want to be a part of that shift.