Munger and Buffett Offer Timeless Investing Wisdom While Big Tech and Pharma Advance AI and Obesity Treatments
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Charlie Munger focused on buying simple businesses for less than they're worth and holding long-term rather than trying to find the next big thing.
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Warren Buffett recently bought shares of homebuilder D.R. Horton (DHI), betting on a boom in home construction due to the housing shortage.
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Eli Lilly (LLY) received approval for a weight loss drug, Mounjaro, that will compete in a $71B market by 2032.
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Microsoft (MSFT) has invested in AI leader OpenAI and launched its own AI chip, positioning itself well for future AI developments.
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Instead of trying to be very clever with stocks, Munger advised being patient - "The big money is not in the buying and selling but in the waiting."