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:
“I suppose you think that persons who are as old as your father and myself are always thinking about very grave things, but I know that we are meditating the same old themes that we did when we were ten years old, only we go more gravely about it.”
—Henry David Thoreau (1817–1862)
“... we Northerners have become too much driven by the idea that in twenty years we will live, not now: because by that time our savings and the accrued interest will make it possible.”
—Brenda Ueland (1891–1985)