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When billionaires joke - and brag

  • Tim Weber
  • 25 Jan 08, 06:46 AM

One of the big talking points this year in Davos are investment funds controlled by governments - the .

Many of the richer folks here, though, are not fazed. As two friends from the hedge fund and private equity industry greet each other, one jokes: "Aren't you yourself a sovereign wealth fund?"

The answer: "Personally - yes!"

But enough of the banter among equals.

During a breakfast meeting I overheard this delicious exchange between the (Californian) spouses of two forum participants.

"Which airline did you fly in on?," one asks innocently.

"Oh no, we came in our private jet," the other replies.

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