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Woodford Concerns

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  • Uxb1
    Uxb1 Posts: 732 Forumite
    500 Posts Third Anniversary Name Dropper
    talexuser wrote: »
    In the Borisgraph today, the new UK government is to invest £220 million of taxpayers money into nuclear fusion. Maybe Woodford is a consultant?

    For comparison the world in general, basically the G7 industrialised nations, has invested around £20Bn in the ITER fusion project in France (that the currently projected final sum) due for operation somewhere around 2025
  • Comparing fusion with cold fusion is like comparing space travel with time travel.
  • AnotherJoe
    AnotherJoe Posts: 19,622 Forumite
    10,000 Posts Fifth Anniversary Name Dropper Photogenic
    What "business"? Its a technological possibility but there's no business there.
  • talexuser wrote: »
    In the Borisgraph today, the new UK government is to invest £220 million of taxpayers money into nuclear fusion.

    Lions share of the money will be spent on management consultants , the likes of KPMG & McKinsey. We all know the end tangible results for fusion will be zilch
  • LHW99
    LHW99 Posts: 5,253 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    We all know the end tangible results for fusion will be zilch
    Fusion ('hot' fusion that is) has already produced verified results, but is not at a stage yet where energy out is commercially greater than energy in. There is no reason for that not to happen in a reasonable timescale.
    Cold fusion is at best unlikely to be a commercial possibility this side of the next century or two - if ever. Its problem is that to create a mini-sun, you have to get over the problem that atoms are generally not happy to mix their protons / neutrons and give off energy. Keeping things cold reduces the speed at which atoms move around, requiring some other (pretty powerful) way of getting that mixing of nuclear components, and (for commercialisation) doing so by putting in less energy than you get out. May not be impossible in the future, but not possible IMO in the forseeable.
  • Brian65
    Brian65 Posts: 255 Forumite
    Lions share of the money will be spent on management consultants , the likes of KPMG & McKinsey.
    Its Jennifer Arcuri now ;)
  • Thrugelmir wrote: »
    You appear to overlooking reinvested income for the S&P 500. ;)

    No I haven't. I reckon the 30 odd percent gap between Buffett & the S&P 500 (minus tracker expenses - albeit not much) should cover it. Give or take he's outperformed the S&P for decades and tracked it for the last few years. As investment problems go that's one of the first World variety.

    Buffett's other 'problem' is that with a market cap of $500bn he is the market.

    I don't know how he sleeps.
  • LHW99 wrote: »
    Fusion ('hot' fusion that is) has already produced verified results, but is not at a stage yet where energy out is commercially greater than energy in.

    The Sun's been doing it for millions of years already

    LHW99 wrote: »
    you have to get over the problem that atoms are generally not happy to mix their protons / neutrons and give off energy..

    Oh dear :eek:

    Fusion is a nuclear reaction, NOT an atomic reaction. The barrier you speak of is called the "Coulomb barrier" ;)
  • LHW99
    LHW99 Posts: 5,253 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Oh dear :eek:

    Fusion is a nuclear reaction, NOT an atomic reaction. The barrier you speak of is called the "Coulomb barrier"
    Indeed. You need to create a plasma by some appropriate means before this barrier can be overcome. However this is a money saving site rather than physics, so I assumed exact details could be over the top:)
  • AnotherJoe
    AnotherJoe Posts: 19,622 Forumite
    10,000 Posts Fifth Anniversary Name Dropper Photogenic
    edited 1 October 2019 at 10:58AM
    What better example of [STRIKE]bare faced lying [/STRIKE]cognitive dissonance can you get than this statement from yesterday?
    Neil Woodford, Portfolio Manager, Woodford Patient Capital Trust plc, says:

    "Shareholders have endured an extremely disappointing six-month period, for which I am very sorry. While shareholders can be forgiven for thinking there are no positives, I continue to believe that the majority of the businesses we have invested in are making good progress, in line with our pre-agreed milestones."
    Practically nothing he's invested in with his anti-Midas touch has "made good progress" and what has been is far more than outpaced by the long list of write offs of his investments, many to zero or as close as makes no difference.
    The farce of Link slowly peeling off the "plaster of valuation" rather than ripping it off to reveal the gaping wounds continued last week with minor downgrades but still nothing on the utterly worthless IH which last time I looked was 10% of the whole NAV and perhaps is more now that many other companies have been written off or substantially down.
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