Hedge fund mogul Paul Tudor Jones II recently appeared on 60 Minutes to discuss the Robin Hood Foundation. The charitable organization works to eliminate poverty in NYC by supporting charter schools, job training, food programs and other organizations. Jones explained that he was initially inspired by another philanthropist on 60 Minutes, choosing to support NYC schoolchildren after watching a segment of the show. After five years, he realized his efforts had failed.
“I felt like I had failed a great deal of those kids, but failure is a lot of times the fire that forges the steel for success, right? There are going to be stops, there are going to be failures, there are going to be setbacks but you grow from those and you get better and it becomes transformative.”
Here is the full interview from CBS News: