While brokers tempt investors with derivatives, hedge funds and collateralized debt obligations that are able to zip around the globe at lightening speed, venture capitalist Woody Tasch wants to see a return to a slow but steady gold standard with more long-term security than a blue chip stock.
His plan? Invest in soil fertility.
Tasch, who lives in New Mexico, is the leading figure in an emerging movement called slow money. The concept is catching on across the country, including here in Maine.
Slow money brings together socially-responsible investors with proponents of local and organic food, in a collaboration aimed at fundamentally shifting how money moves through the economy and where it gets invested.
“There’s a growing awareness about the importance of local food,” Tasch said in a recent interview. “But there’s also a broader concern from investors that the global financial system is out of control.”
Click for the rest of the story by Avery Yale Kamila of Maine Today Media.
SLOW MONEY MAINE MEETING
WHEN: 1 to 4 p.m. Thursday
WHERE: Viles Arboretum, Augusta
HOW MUCH: Free; RSVP at 236-4703 or email@example.com
AUTHOR/ACTIVIST WOODY TASCH
AT COMMON GROUND FAIR
MEET WOODY TASCH, Slow Money founder and author of “Inquiries Into the Nature of Slow Money,” at the Common Ground Country Fair at 11 a.m. Sept. 25. Tasch and representatives of Slow Money Maine will give an informal meet-and-greet session.