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:
“In the end we beat them with Levi 501 jeans. Seventy-two years of Communist indoctrination and propaganda was drowned out by a three-ounce Sony Walkman. A huge totalitarian system ... has been brought to its knees because nobody wants to wear Bulgarian shoes.... Now they’re lunch, and we’re number one on the planet.”
—P.J. (Patrick Jake)
“Parents who want a fresh point of view on their furniture are advised to drop down on all fours and accompany the nine or ten month old on his rounds. It is probably many years since you last studied the underside of a dining room chair. The ten month old will study this marvel with as much concentration and reverence as a tourist in the Cathedral of Chartres.”
—Selma H. Fraiberg (20th century)