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:
“Helicon: “It takes one day to make a senator and ten years to make a worker.”
Caligula: “But I am afraid that it takes twenty years to make a worker out of a senator.””
—Albert Camus (1913–1960)
“I then understood that a man who would have lived but one day could without effort live one hundred years in a prison. He would have enough memories to avoid getting bored.”
—Albert Camus (1913–1960)