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:
“Why wont they let a year die without bringing in a new one on the instant, cant they use birth control on time? I want an interregnum. The stupid years patter on with unrelenting feet, never stopping—rising to little monotonous peaks in our imaginations at festivals like New Year’s and Easter and Christmas—But, goodness, why need they do it?”
—John Dos Passos (1896–1970)
“In two or three hundred years life on earth will be unimaginably beautiful, astounding. Man needs such a life and if it hasn’t yet appeared, he should begin to anticipate it, wait for it, dream about it, prepare for it. To achieve this, he has to see and know more than did his grandfather and father.”
—Anton Pavlovich Chekhov (1860–1904)