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10<br />

C H A P T E R<br />

Slow Money<br />

Finance for Foodsheds<br />

Hi. My name is Terry, and I work for Morgan Stanley.<br />

The introduction, made in the confessional tone usually reserved<br />

for alcoholics and overeaters, sent a murmur rippling through<br />

the small room. But this was no Alcoholics Anonymous meeting<br />

or Jenny Craig weigh- in. Terry was one <strong>of</strong> a couple <strong>of</strong> dozen<br />

New Yorkers who had gathered in a dimly lit East Village bar one<br />

evening in the fall <strong>of</strong> 2010 to launch the New York c<strong>hapter</strong> <strong>of</strong> Slow<br />

Money. It was a diverse group—lawyers, entrepreneurs, a chef, artists,<br />

students, and corporate journeymen—few with any particular fi nancial<br />

or investment expertise. But what they all shared was a desire to<br />

create an alternative to Wall Street, right here in its very shadow.<br />

Slow Money is the brainchild <strong>of</strong> Woody Tasch, a former venture<br />

capitalist and foundation money guy turned fi nancial revolutionary.<br />

Inspired in equal parts by Fritz Schumacher’s Small Is Beautiful and<br />

Carlo Petrini’s Slow Food movement, Tasch, from his New Mexico<br />

base, is on a mission to change the way we think about investing.<br />

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