The first hedge-fund manager, Alfred Winslow Jones, did not go tobusiness school. He did not possess a PhD in quantitative finance.He did not spend his formative years at Morgan Stanley, GoldmanSachs, or any other incubator for masters of the universe. Instead, hetook a job on a tramp steamer, studied at the Marxist Workers School inBerlin, and ran secret missions for a clandestine anti-Nazi group calledthe Leninist Organization. He married, divorced, and married again,honeymooning on the front lines of the civil war in Spain, traveling anddrinking with Dorothy Parker and Ernest Hemingway. It was only atthe advanced age of forty-eight that Jones raked together $100,000 to setup a “hedged fund,” generating extraordinary profits through the 1950sand 1960s. Almost by accident, Jones improvised an investment structurethat has endured to this day. It will thrive for years to come, despite acacophony of naysayers.
đang được dịch, vui lòng đợi..
