A September poll by PNC Wealth Management says:
…nearly 60% of ultrahigh-net-worth investors are expressing optimism about their portfolios for the coming year..and 4% of investors with $10 million or more of investable assets surveyed expressed pessimism..”
Interestingly the less rich are more pessimistic:
44% of surveyed investors with more than $500,000 or more in investable assets expressed pessimism about the national economy for 2008, and 35% were concerned about a recession.
I am not sure weather to put this under “the power of positive thinking” , or “what comes first, the chicken or the egg”. But I keep hearing how the ultra wealthy are recession proof.