Where billionaires are putting money

The extreme pessimism of the rich has been fairly consistent throughout the recession and global financial crisis

Every summer, investment guru Byron Wien convenes two lunches in the Hamptons on Long Island for the ultrarich. He calls them the “Benchmark Lunches,” and they are one part investment-conference and part-idea salon for the lucky 50 who are invited.

Most of the attendees spend the summer in the Hamptons but some fly in for the New York event.

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