What Billionaires Fear Most

This episode looks at a JPMorgan survey of billionaires and what it reveals about how the ultra-wealthy think. We talk about their biggest fears, especially the fear of losing wealth, even when they have more money than they could ever spend. The conversation connects those fears to ideas from behavioral economics like loss aversion and risk tolerance. Along the way, we ask whether having more money actually makes people more cautious rather than more daring.

In this episode, we talk about:

* How many billionaires exist, and what their combined wealth adds up to

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