Later Years
In 1984, Jones transformed his fund into a fund of funds, investing its capital in other hedge funds with different areas of expertise and investment styles. He gradually disengaged himself from his office and gave his time to the Peace Corps and even tried to establish a "reverse Peace Corps" in which aid recipients would send their own volunteers back to the United States to work with the poor in that country, as a "hedge" against creating a culture of inferiority among developing countries.
Read more about this topic: Alfred Winslow Jones
Famous quotes containing the word years:
“After us they’ll fly in hot air balloons, coat styles will change, perhaps they’ll discover a sixth sense and cultivate it, but life will remain the same, a hard life full of secrets, but happy. And a thousand years from now man will still be sighing, “Oh! Life is so hard!” and will still, like now, be afraid of death and not want to die.”
—Anton Pavlovich Chekhov (1860–1904)
“The meaningful role of the father of the bride was played out long before the church music began. It stretched across those years of infancy and puberty, adolescence and young adulthood. That’s when she needs you at her side.”
—Tom Brokaw (20th century)