As businesses go, Corning's (GLW) is about as boring as it gets. They make glass.
In fact, they're the world leader in specialty glass & ceramics. Yes, that includes stuff like LCD monitors, fiber-optic cables, and television displays.
I can see you yawning!
Listen up. Without spoiling too much of the punchline, Corning represents a positively asymmetric long-term bet. Every last investor already knows that the stock and its potential rewards are a little on the boring side, but the risk here is much smaller than a lot of people may realize. As a portfolio manager, I care very little about risk or return in an absolute sense. They're only meaningful when you relate them to...
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