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Laize

03/14/12 12:49 PM

#87430 RE: moneycents #87426

If you want an insight into my investing philosophy I'm more than willing to share.

I won't invest in things that have even a tiny potential of becoming irrelevant.

I treat my stock positions as actual corporate ownership (That IS what stock is after all).

While Apple is fantastic right now, what's to say that 5, 10, 15 or 20 years down the line their products won't be eclipsed by something another company invents? What law of the Universe prevents Apple from making missteps that cost it market share or squeeze its margins?

Companies like Corning, meanwhile, have 150 year histories of innovation and products that can't be driven out of favor. How can anyone top (theoretical) unlimited bandwidth at the speed of light?