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:
“Jim Wilson: Cops have no friends. Nobody likes a cop. On either side of the law. Nobody.
Captain Brawley: Is that what you want? People to like you? Then you’re in the wrong business and you ought to get out.
Jim Wilson: It’s the only job I know. Has been for eleven years now.
Captain Brawley: Then make up your mind to be a cop. Not a gangster with a badge.”
—A.I. (Albert Isaac)
“I have lived some thirty-odd years on this planet, and I have yet to hear the first syllable of valuable or even earnest advice from my seniors.”
—Henry David Thoreau (1817–1862)