Billionaire invested in a fringe nuclear energy startup gone wrong

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Brad Pitt, the widow of Steve Jobs, and prominent fund manager Neil Woodford invested in Industrial Heat, a North Carolina-based startup focused on cold fusion technology, which is controversially valued at nearly $1 billion. The Financial Times highlighted the skepticism surrounding such investments, emphasizing that wealth does not equate to informed decision-making. The discussion underscores the risks associated with investing in fringe technologies without adequate scientific backing.

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Brad Pitt, Steve Jobs' widow, and Britain's best-known fund manager reportedly invested in a fringe nuclear energy startup inexplicably valued at close to $1 billion.
The Financial Times reported that the unlikely trio apparently saw potential in Industrial Heat, a North Carolina-based company seeking to develop power sources that rely on cold fusion, or generating nuclear power without the need for intense heat.https://markets.businessinsider.com...fusion-firm-industrial-heat-2019-6-1028280316
 
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Just because you have a lot of money, doesn't mean you are smart or can't be fooled! :oops::nb)
 
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Just a quick reminder that we don't discuss cold fusion here at the PF. But we certainly can discuss when naive rich folks invest in things they don't understand (and presumably haven't asked scientific advisors about).
 
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