Bruce Pile
Long only

IPG Photonics - Power To The Last Mile

IPG Photonics (NASDAQ:IPGP) is run by a very interesting man. He was born in Moscow in 1939 and lived during the height of Russian anti-capitalism. Then in 1990 at age 52, he started his own company and today you would have to say he is the living dream of capitalism. "Valentin Gapontsev is considered by Russians to be the father of the fiber-optic laser industry" is the rather astounding lead statement made about him by Forbes in their current profile of the richest men in the world. Gapontsev ranks #1107 there and his company is #24 on their America's Best Small Companies list. "Source of Wealth: lasers, self-made" is the anti-Bolshevik summary given in this profile. And Forbes...

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