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:
“Of all the errors which can possibly be committed to the education of youth, that of sending them to Europe is the most fatal. I see [clearly] that no American should come to Europe under 30 years of age.”
—Thomas Jefferson (1743–1826)
“I’m right here to tell you, mister. There ain’t nobody gonna push me off my land. My grandpa took up this land seventy years ago. My pa was born here. We was all born on it. And some of us was killed on it. And some of us died on it. That’s what makes it ourn. Bein’ born on it. And workin’ on it. And dyin’ on it. And not no piece of paper with writin’ on it.”
—Nunnally Johnson (1897–1977)