Economy | TODAY
Essential Knowledge for Transition: Financial System and Local Investing
The first in a 3-part series of teleseminars on economic transformation by Marco Vangelisti.
Financial system and local investing
How can the stock market reach new record highs when the economy is still sputtering and the middle class is fading away? What role do our investments play in shaping our world? We will look at how financial capital has been transformed from a tool fostering economic growth to a self-perpetuating pool growing through trading activities progressively divorced from productive economic activities. We will talk about the importance of divesting form the old economy and the emergence of four powerful trends that will transform the world of investing. We will look at ways communities at the forefront of this transformation are democratizing and relocalizing investments and building a world that is more equitable and sustainable.
About Marco Vangelisti
Marco came to the US from Italy as a Fulbright scholar in mathematics and economics at the University of California in Berkeley. After a stint in the financial industry, Marco worked as visual artist on a full-time basis for 5 years and obtained a MFA focusing on the intersection between public art and ecology. He later worked for 6 years for Grantham, Mayo, Van Otterloo & Co. LLC ("GMO"), managing investment equity portfolios primarily on behalf of large foundations and endowments.
In April 2009 Marco left the finance industry and has since been instrumental in the formation and development of the Slow Money Northern California chapter where he currently leads the investor working group. Marco is currently developing Essential Knowledge for Transition- a curriculum for engaged citizens to understand the money and banking system, the economic system and the financial system and how we need to transform them. Marco is also helping communities increase their capacity for local investing.