thank you thank you very much it’s not often that you’ll hear the words money
often that you’ll hear the words money
often that you’ll hear the words money and heart in the same phrase or even the
and heart in the same phrase or even the
and heart in the same phrase or even the same sentence but I’m going to try and
same sentence but I’m going to try and
same sentence but I’m going to try and attempt the word talk on this topic so I
attempt the word talk on this topic so I
attempt the word talk on this topic so I started the story and this story is
started the story and this story is
started the story and this story is about can’t be Kaka there he’s a
about can’t be Kaka there he’s a
about can’t be Kaka there he’s a gentleman
gentleman
gentleman right in the center of that picture
right in the center of that picture
right in the center of that picture Kanta Kaka was 92 when this picture was
Kanta Kaka was 92 when this picture was
Kanta Kaka was 92 when this picture was taken and in the 1940s he was part of
taken and in the 1940s he was part of
taken and in the 1940s he was part of the independence movement in India and
the independence movement in India and
the independence movement in India and yes you could imagine the independence
yes you could imagine the independence
yes you could imagine the independence movement left a lasting impression on
movement left a lasting impression on
movement left a lasting impression on his soul and so as soon as you know end
his soul and so as soon as you know end
his soul and so as soon as you know end up in diya received its independence he
up in diya received its independence he
up in diya received its independence he said you know independence is not enough
said you know independence is not enough
said you know independence is not enough there’s a lot more work that needs to be
there’s a lot more work that needs to be
there’s a lot more work that needs to be done with communities all over India and
done with communities all over India and
done with communities all over India and so with his brother Vasant he decided to
so with his brother Vasant he decided to
so with his brother Vasant he decided to move from Mumbai to a small village in
move from Mumbai to a small village in
move from Mumbai to a small village in the middle of Gujarat and for the last
the middle of Gujarat and for the last
the middle of Gujarat and for the last 60 or 70 years
60 or 70 years
60 or 70 years Vasant encanta Kaka have lived in this
Vasant encanta Kaka have lived in this
Vasant encanta Kaka have lived in this community and worked with the people
community and worked with the people
community and worked with the people around them covering all kinds of issues
around them covering all kinds of issues
around them covering all kinds of issues like sanitation healthcare food farming
like sanitation healthcare food farming
like sanitation healthcare food farming food systems and it’s pretty incredible
food systems and it’s pretty incredible
food systems and it’s pretty incredible because they’ve built an entire living
because they’ve built an entire living
because they’ve built an entire living thriving ecosystem around them and a
thriving ecosystem around them and a
thriving ecosystem around them and a self-sustaining ecosystem so obviously
self-sustaining ecosystem so obviously
self-sustaining ecosystem so obviously for a volunteer like me in it was a
for a volunteer like me in it was a
for a volunteer like me in it was a fantastic opportunity to go and explore
fantastic opportunity to go and explore
fantastic opportunity to go and explore this new system so I had the privilege
this new system so I had the privilege
this new system so I had the privilege of spending a few days with vasanthan
of spending a few days with vasanthan
of spending a few days with vasanthan can takaka and while I was there for
can takaka and while I was there for
can takaka and while I was there for those few days I had some interesting
those few days I had some interesting
those few days I had some interesting conversations at Kandahar and it was
conversations at Kandahar and it was
conversations at Kandahar and it was after one of these conversations on one
after one of these conversations on one
after one of these conversations on one evening that Kant Akaka comes over to me
evening that Kant Akaka comes over to me
evening that Kant Akaka comes over to me and hence me this beautiful white kadhi
and hence me this beautiful white kadhi
and hence me this beautiful white kadhi curtam and enquiring a little more I
curtam and enquiring a little more I
curtam and enquiring a little more I found out that Kant Akaka had actually
found out that Kant Akaka had actually
found out that Kant Akaka had actually spun the yarn for this kurta himself so
spun the yarn for this kurta himself so
spun the yarn for this kurta himself so you know at the age of 92 we used to
you know at the age of 92 we used to
you know at the age of 92 we used to spin his little charcoal spinning wheel
spin his little charcoal spinning wheel
spin his little charcoal spinning wheel and the yarn for the scooter came from
and the yarn for the scooter came from
and the yarn for the scooter came from his spinning now that was deeply moving
his spinning now that was deeply moving
his spinning now that was deeply moving for me because here I was and as a
for me because here I was and as a
for me because here I was and as a banker I said you know look at his
banker I said you know look at his
banker I said you know look at his possessions look at
possessions look at
possessions look at assets it’s a-you know all he has is a
assets it’s a-you know all he has is a
assets it’s a-you know all he has is a farm and he has a little char car and
farm and he has a little char car and
farm and he has a little char car and he’s been spinning away at the age of 92
he’s been spinning away at the age of 92
he’s been spinning away at the age of 92 but he’s been able to create and spark
but he’s been able to create and spark
but he’s been able to create and spark off a little revolution inside him the
off a little revolution inside him the
off a little revolution inside him the people around him and even transform
people around him and even transform
people around him and even transform people like me who ended up coming and
people like me who ended up coming and
people like me who ended up coming and visiting the centum and that made me
visiting the centum and that made me
visiting the centum and that made me think very deeply and so obviously from
think very deeply and so obviously from
think very deeply and so obviously from my introduction you know I’ve been
my introduction you know I’ve been
my introduction you know I’ve been through all kinds of all kinds of
through all kinds of all kinds of
through all kinds of all kinds of spectrum all kinds of experiences from
spectrum all kinds of experiences from
spectrum all kinds of experiences from the trading floor to running a gift
the trading floor to running a gift
the trading floor to running a gift economy express myself in the ashram for
economy express myself in the ashram for
economy express myself in the ashram for me there’s always been a deep
me there’s always been a deep
me there’s always been a deep exploration with wealth with money with
exploration with wealth with money with
exploration with wealth with money with assets you know what meaning does it
assets you know what meaning does it
assets you know what meaning does it have in life from you know X practical
have in life from you know X practical
have in life from you know X practical experiments of reducing my economic
experiments of reducing my economic
experiments of reducing my economic footprint and trying to live on as few
footprint and trying to live on as few
footprint and trying to live on as few possessions as possible to going out and
possessions as possible to going out and
possessions as possible to going out and walks and pilgrimages you know trying to
walks and pilgrimages you know trying to
walks and pilgrimages you know trying to see where how far we can get without
see where how far we can get without
see where how far we can get without money it’s been pretty radical I’m not
money it’s been pretty radical I’m not
money it’s been pretty radical I’m not here to talk about those experiences but
here to talk about those experiences but
here to talk about those experiences but what they did leave me with was a
what they did leave me with was a
what they did leave me with was a thought process on my possessions my
thought process on my possessions my
thought process on my possessions my assets and what role they played in my
assets and what role they played in my
assets and what role they played in my life and at the end of all of this I
life and at the end of all of this I
life and at the end of all of this I realized I was deeply passionate about
realized I was deeply passionate about
realized I was deeply passionate about writing speaking about money working
writing speaking about money working
writing speaking about money working with people all over the world about
with people all over the world about
with people all over the world about this and so the assets that I really
this and so the assets that I really
this and so the assets that I really needed was a laptop but traveling budget
needed was a laptop but traveling budget
needed was a laptop but traveling budget and an office to create magic out of and
and an office to create magic out of and
and an office to create magic out of and so a couple years ago this is the sacred
so a couple years ago this is the sacred
so a couple years ago this is the sacred capital was born and as we started these
capital was born and as we started these
capital was born and as we started these conversations with people around money
conversations with people around money
conversations with people around money around wealth we should be realized you
around wealth we should be realized you
around wealth we should be realized you know what everyone’s thinking about
know what everyone’s thinking about
know what everyone’s thinking about money and wealth in this way everyone
money and wealth in this way everyone
money and wealth in this way everyone almost people I mean people all over the
almost people I mean people all over the
almost people I mean people all over the world have opened up and grown up into
world have opened up and grown up into
world have opened up and grown up into this into these individuals who have
this into these individuals who have
this into these individuals who have very conscious choices and opinions
very conscious choices and opinions
very conscious choices and opinions about what the world should be but the
about what the world should be but the
about what the world should be but the current system felt like they were
current system felt like they were
current system felt like they were holding them back the only option
holding them back the only option
holding them back the only option available to individuals was to go over
available to individuals was to go over
available to individuals was to go over to that bank or go over to that fund
to that bank or go over to that fund
to that bank or go over to that fund manager and say yeah I hand over my
manager and say yeah I hand over my
manager and say yeah I hand over my money to you I don’t really have you
money to you I don’t really have you
money to you I don’t really have you know have a choice but I have to hand it
know have a choice but I have to hand it
know have a choice but I have to hand it over to you and that’s what people felt
over to you and that’s what people felt
over to you and that’s what people felt like they felt held back by these
like they felt held back by these
like they felt held back by these systems and more importantly it was
systems and more importantly it was
systems and more importantly it was almost like this was
almost like this was
almost like this was most secure option for individuals for
most secure option for individuals for
most secure option for individuals for not only their security but for their
not only their security but for their
not only their security but for their loved ones and so it was almost like
loved ones and so it was almost like
loved ones and so it was almost like this sense of helplessness but a few
this sense of helplessness but a few
this sense of helplessness but a few interesting things have started
interesting things have started
interesting things have started happening over the last few years some
happening over the last few years some
happening over the last few years some of those secured options aren’t really
of those secured options aren’t really
of those secured options aren’t really secured anymore
secured anymore
secured anymore 2016 was one of those years I think
2016 was one of those years I think
2016 was one of those years I think we’ve all lived through and come out of
we’ve all lived through and come out of
we’ve all lived through and come out of it asking what what happened in that
it asking what what happened in that
it asking what what happened in that year and in 2016 we saw that
year and in 2016 we saw that
year and in 2016 we saw that geopolitical uncertainty revolution
geopolitical uncertainty revolution
geopolitical uncertainty revolution wasn’t just limited to emerging markets
wasn’t just limited to emerging markets
wasn’t just limited to emerging markets and developing nations but it was
and developing nations but it was
and developing nations but it was spreading out all over the world across
spreading out all over the world across
spreading out all over the world across the u.s. the UK Europe and so all of a
the u.s. the UK Europe and so all of a
the u.s. the UK Europe and so all of a sudden paradigms for risk return
sudden paradigms for risk return
sudden paradigms for risk return financial planning was start who needed
financial planning was start who needed
financial planning was start who needed to change
to change
to change in fact you know something as simple as
in fact you know something as simple as
in fact you know something as simple as owning interest from a bank wasn’t as
owning interest from a bank wasn’t as
owning interest from a bank wasn’t as simple anymore because interest rates
simple anymore because interest rates
simple anymore because interest rates across the world have just started to
across the world have just started to
across the world have just started to drop in some countries have actually
drop in some countries have actually
drop in some countries have actually become negative and so all of a sudden
become negative and so all of a sudden
become negative and so all of a sudden everyone’s scrambling because these what
everyone’s scrambling because these what
everyone’s scrambling because these what we thought was secure what we thought
we thought was secure what we thought
we thought was secure what we thought was the norm is starting to get
was the norm is starting to get
was the norm is starting to get questioned and so financial planning
questioned and so financial planning
questioned and so financial planning investment advisory risk return on asset
investment advisory risk return on asset
investment advisory risk return on asset allocation all of these terms have
allocation all of these terms have
allocation all of these terms have needed a redefinition and to add all of
needed a redefinition and to add all of
needed a redefinition and to add all of this chaos we’ve had technology playing
this chaos we’ve had technology playing
this chaos we’ve had technology playing a pretty interesting role but to
a pretty interesting role but to
a pretty interesting role but to entrepreneurs or to technology sitting
entrepreneurs or to technology sitting
entrepreneurs or to technology sitting out of garage could potentially disrupt
out of garage could potentially disrupt
out of garage could potentially disrupt a hundred-year-old organization
a hundred-year-old organization
a hundred-year-old organization thousands and millions of people across
thousands and millions of people across
thousands and millions of people across the world feeling redundancy because an
the world feeling redundancy because an
the world feeling redundancy because an algorithm could probably be doing what
algorithm could probably be doing what
algorithm could probably be doing what they’re doing and all of this is led to
they’re doing and all of this is led to
they’re doing and all of this is led to a certain amount of chaos and
a certain amount of chaos and
a certain amount of chaos and questioning and it’s interesting because
questioning and it’s interesting because
questioning and it’s interesting because within that chaos technology started to
within that chaos technology started to
within that chaos technology started to play a very very interesting role over
play a very very interesting role over
play a very very interesting role over the last few years some of you might
the last few years some of you might
the last few years some of you might have heard about FinTech financial
have heard about FinTech financial
have heard about FinTech financial technology the revolution that is
technology the revolution that is
technology the revolution that is created more importantly what it started
created more importantly what it started
created more importantly what it started to spark off is a whole new realm of
to spark off is a whole new realm of
to spark off is a whole new realm of opportunities for people so instead of
opportunities for people so instead of
opportunities for people so instead of being limited to that bank of financial
being limited to that bank of financial
being limited to that bank of financial institution we’ve seen paradigms where
institution we’ve seen paradigms where
institution we’ve seen paradigms where you know you can go and make a payment
you know you can go and make a payment
you know you can go and make a payment to another person without having to go
to another person without having to go
to another person without having to go to a bank initiatives like crowdfunding
to a bank initiatives like crowdfunding
to a bank initiatives like crowdfunding initiative like equity crowd raising
initiative like equity crowd raising
initiative like equity crowd raising peer-to-peer lending and starting to
peer-to-peer lending and starting to
peer-to-peer lending and starting to initiate
initiate
initiate paradigms well if there’s an
paradigms well if there’s an
paradigms well if there’s an entrepreneur or a change maker in some
entrepreneur or a change maker in some
entrepreneur or a change maker in some part of the world he doesn’t have to be
part of the world he doesn’t have to be
part of the world he doesn’t have to be limited to a large fund or he doesn’t
limited to a large fund or he doesn’t
limited to a large fund or he doesn’t have to be limited to a large donor or
have to be limited to a large donor or
have to be limited to a large donor or an investor he can actually garner the
an investor he can actually garner the
an investor he can actually garner the support of his own community and create
support of his own community and create
support of his own community and create magic from wherever he is in the world
magic from wherever he is in the world
magic from wherever he is in the world and so all of a sudden because of these
and so all of a sudden because of these
and so all of a sudden because of these innovations because of some of the
innovations because of some of the
innovations because of some of the technologies we spoke about like
technologies we spoke about like
technologies we spoke about like blockchain technology distributed laser
blockchain technology distributed laser
blockchain technology distributed laser technology these kinds of paradigms are
technology these kinds of paradigms are
technology these kinds of paradigms are becoming extremely simple transparent
becoming extremely simple transparent
becoming extremely simple transparent and robust and so that means exactly
and robust and so that means exactly
and robust and so that means exactly what I said
what I said
what I said from all parts of the world we’re
from all parts of the world we’re
from all parts of the world we’re starting to see these beautiful
starting to see these beautiful
starting to see these beautiful innovations come alive traditionally if
innovations come alive traditionally if
innovations come alive traditionally if I had to access public capital I’d have
I had to access public capital I’d have
I had to access public capital I’d have to go to a stock exchange there have to
to go to a stock exchange there have to
to go to a stock exchange there have to be a hundred million dollar company but
be a hundred million dollar company but
be a hundred million dollar company but now I’m starting to see you know someone
now I’m starting to see you know someone
now I’m starting to see you know someone as small as a home chef someone as small
as small as a home chef someone as small
as small as a home chef someone as small as a school teacher with in with an idea
as a school teacher with in with an idea
as a school teacher with in with an idea with an initiative starting to garner
with an initiative starting to garner
with an initiative starting to garner the power of his or her community and
the power of his or her community and
the power of his or her community and that’s the peer-to-peer paradigm that’s
that’s the peer-to-peer paradigm that’s
that’s the peer-to-peer paradigm that’s coming alive so what does that mean all
coming alive so what does that mean all
coming alive so what does that mean all of a sudden instead of just being
of a sudden instead of just being
of a sudden instead of just being limited to that bank deposit in your
limited to that bank deposit in your
limited to that bank deposit in your neighborhood you could be thinking about
neighborhood you could be thinking about
neighborhood you could be thinking about low-cost interest loans to a farmer in
low-cost interest loans to a farmer in
low-cost interest loans to a farmer in Asia you could be thinking about
Asia you could be thinking about
Asia you could be thinking about extending a loan to that coffee shop
extending a loan to that coffee shop
extending a loan to that coffee shop that Fairtrade organic coffee shop that
that Fairtrade organic coffee shop that
that Fairtrade organic coffee shop that you visited last year in California that
you visited last year in California that
you visited last year in California that you really follow it could include
you really follow it could include
you really follow it could include funding that co-working space that you
funding that co-working space that you
funding that co-working space that you want to go and work at six months down
want to go and work at six months down
want to go and work at six months down the line so there’s these whole new
the line so there’s these whole new
the line so there’s these whole new options that have started to emerge and
options that have started to emerge and
options that have started to emerge and they’ve created a shift and that means
they’ve created a shift and that means
they’ve created a shift and that means as this asset Ian was starts to expand
as this asset Ian was starts to expand
as this asset Ian was starts to expand like I said the old approach of handing
like I said the old approach of handing
like I said the old approach of handing over your money to a financial planner
over your money to a financial planner
over your money to a financial planner or a fund manager is changing now this
or a fund manager is changing now this
or a fund manager is changing now this is not a paradigm that’s alien to us
is not a paradigm that’s alien to us
is not a paradigm that’s alien to us we’ve seen this in music we’ve seen this
we’ve seen this in music we’ve seen this
we’ve seen this in music we’ve seen this in media in music I mean as a kid
in media in music I mean as a kid
in media in music I mean as a kid growing up in the 90s my universe of
growing up in the 90s my universe of
growing up in the 90s my universe of music was all the CDs that were in the
music was all the CDs that were in the
music was all the CDs that were in the store and that Street and that shop down
store and that Street and that shop down
store and that Street and that shop down the road in media I mean all the news
the road in media I mean all the news
the road in media I mean all the news that I had access to was from the
that I had access to was from the
that I had access to was from the newspaper that was dropped outside my
newspaper that was dropped outside my
newspaper that was dropped outside my doorstep but all of a sudden I’m looking
doorstep but all of a sudden I’m looking
doorstep but all of a sudden I’m looking at millions and billions of opinions and
at millions and billions of opinions and
at millions and billions of opinions and viewpoints through my Instagram feed and
viewpoints through my Instagram feed and
viewpoints through my Instagram feed and at millions of billions of songs through
at millions of billions of songs through
at millions of billions of songs through my smartphone and so there’s a huge
my smartphone and so there’s a huge
my smartphone and so there’s a huge shift and that similar shift is playing
shift and that similar shift is playing
shift and that similar shift is playing out in the world of finance as well and
out in the world of finance as well and
out in the world of finance as well and so we actually believe and we’re seeing
so we actually believe and we’re seeing
so we actually believe and we’re seeing is a shift from asset management to what
is a shift from asset management to what
is a shift from asset management to what is known as asset curation so from those
is known as asset curation so from those
is known as asset curation so from those millions and billions of assets that are
millions and billions of assets that are
millions and billions of assets that are potentially being created out there the
potentially being created out there the
potentially being created out there the question is what do you resonate with
question is what do you resonate with
question is what do you resonate with and that involves you taking a from far
and that involves you taking a from far
and that involves you taking a from far more active stance and saying this is
more active stance and saying this is
more active stance and saying this is what I’d like to do this is who I this
what I’d like to do this is who I this
what I’d like to do this is who I this is what I represent and so it could mean
is what I represent and so it could mean
is what I represent and so it could mean participating in the profits of that
participating in the profits of that
participating in the profits of that renewable energy project it could mean
renewable energy project it could mean
renewable energy project it could mean funding that filmmaker who’s making that
funding that filmmaker who’s making that
funding that filmmaker who’s making that documentary and the cause 0ly support it
documentary and the cause 0ly support it
documentary and the cause 0ly support it could mean investing in a company that’s
could mean investing in a company that’s
could mean investing in a company that’s trying to solve the food problem across
trying to solve the food problem across
trying to solve the food problem across the world the options are literally
the world the options are literally
the world the options are literally endless and all of this begins when you
endless and all of this begins when you
endless and all of this begins when you start thinking about making that shift
start thinking about making that shift
start thinking about making that shift away from a passive approach for example
away from a passive approach for example
away from a passive approach for example in your day you might be going around
in your day you might be going around
in your day you might be going around you know making certain decisions like
you know making certain decisions like
you know making certain decisions like should your coffee be organic or not
should your coffee be organic or not
should your coffee be organic or not should your clothes be a certain type or
should your clothes be a certain type or
should your clothes be a certain type or not should you go to a store which
not should you go to a store which
not should you go to a store which follows fair wages and fair trade or not
follows fair wages and fair trade or not
follows fair wages and fair trade or not but with a belt we’ve always had to
but with a belt we’ve always had to
but with a belt we’ve always had to follow a passive approach but now that’s
follow a passive approach but now that’s
follow a passive approach but now that’s changing now the opportunity is there
changing now the opportunity is there
changing now the opportunity is there for us to actually actively engage and
for us to actually actively engage and
for us to actually actively engage and that only begins when you say I want to
that only begins when you say I want to
that only begins when you say I want to put my money where my heart is and so
put my money where my heart is and so
put my money where my heart is and so when you put your money where your heart
when you put your money where your heart
when you put your money where your heart is all of these options start opening up
is all of these options start opening up
is all of these options start opening up and that’s the power of asset curation
and that’s the power of asset curation
and that’s the power of asset curation and that’s the power of what technology
and that’s the power of what technology
and that’s the power of what technology is enabling for us and so to close I’d
is enabling for us and so to close I’d
is enabling for us and so to close I’d like to bring kin tacacá back into the
like to bring kin tacacá back into the
like to bring kin tacacá back into the presentation his spinning wheel or his
presentation his spinning wheel or his
presentation his spinning wheel or his charka was a beautiful example of social
charka was a beautiful example of social
charka was a beautiful example of social justice because no matter who you are no
justice because no matter who you are no
justice because no matter who you are no matter what your net worth is you know
matter what your net worth is you know
matter what your net worth is you know how did you work with the charka you
how did you work with the charka you
how did you work with the charka you could spark off a revolution in yourself
could spark off a revolution in yourself
could spark off a revolution in yourself in your community in the people around
in your community in the people around
in your community in the people around you you didn’t have to wait for large
you you didn’t have to wait for large
you you didn’t have to wait for large institutions you didn’t have to wait for
institutions you didn’t have to wait for
institutions you didn’t have to wait for governments to make change all you had
governments to make change all you had
governments to make change all you had to do was step up and drive that change
to do was step up and drive that change
to do was step up and drive that change yourself and I think that same paradigm
yourself and I think that same paradigm
yourself and I think that same paradigm is playing out in finance when you make
is playing out in finance when you make
is playing out in finance when you make that
that
that shift from asset management to asset
shift from asset management to asset
shift from asset management to asset curation you’re saying I have I want to
curation you’re saying I have I want to
curation you’re saying I have I want to play an active role I want to actually
play an active role I want to actually
play an active role I want to actually voice my opinion on what what my asset
voice my opinion on what what my asset
voice my opinion on what what my asset should be and in doing so you start
should be and in doing so you start
should be and in doing so you start shaping the social fabric of the world
shaping the social fabric of the world
shaping the social fabric of the world around you
around you
around you irrespective of what your net worth is
irrespective of what your net worth is
irrespective of what your net worth is irrespective what of what your wealth
irrespective what of what your wealth
irrespective what of what your wealth might be you have you start having a
might be you have you start having a
might be you have you start having a sale and all of that only begins when
sale and all of that only begins when
sale and all of that only begins when you put your money where your heart is
you put your money where your heart is
you put your money where your heart is because I believe that’s the path to a
because I believe that’s the path to a
because I believe that’s the path to a more beautiful and more socially just
more beautiful and more socially just
more beautiful and more socially just world thank you
world thank you
world thank you [Applause]
”
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