Billionaire invested in a fringe nuclear energy startup gone wrong

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Discussion Overview

The discussion centers around the investment of high-profile individuals in a nuclear energy startup, specifically focusing on the concept of cold fusion and its implications. Participants explore the motivations behind such investments and the potential risks associated with investing in fringe technologies.

Discussion Character

  • Debate/contested
  • Meta-discussion

Main Points Raised

  • Some participants express skepticism about the intelligence of wealthy investors, suggesting that having money does not equate to being well-informed or immune to deception.
  • One participant notes the forum's policy against discussing cold fusion but emphasizes the broader issue of wealthy individuals investing in technologies they may not fully understand.
  • Another participant points out that investments in hot fusion can also lead to significant financial losses, indicating that the risks are not exclusive to cold fusion ventures.

Areas of Agreement / Disagreement

Participants do not reach a consensus on the merits or risks of investing in cold fusion technologies, and there are competing views regarding the wisdom of such investments.

Contextual Notes

Limitations include the lack of detailed scientific understanding among investors and the potential for misunderstanding the viability of cold fusion as a technology.

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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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