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14 SMT007 MAGAZINE I AUGUST 2025 real estate property and the challenges of value investing in stocks due to the high interest rate and geopolitical uncertainty, Buffett expressed that there's much more opportunity, at least in the United States, that presents itself in the securities market than in real estate. The amount of time that real estate would take compared to doing some- thing intelligent and probably better in securities, there was just no comparison. Conclusive Ovation Buffett and Munger's wisdom flows from the con- fluence of a lifelong commitment to learning, teaching, reading, and a long life, enriched by the depth and perspective that come only with age. We celebrate Mr. Buffett's phenomenal 60-year leadership and unparalleled performance at Berk- shire Hathaway. The wisdom and knowledge that Buffett and Munger have passed on to so many people across the globe are ageless and enduring, which will be profoundly treasured. SMT007 Dr. Jennie S. Hwang, an international businesswoman, speaker, and business and technology advisor, is a pioneer and long-standing leader in SMT manufacturing since its inception, and in developing and implementing lead-free electronics technology and manufacturing. She has served as chair of Artificial Intelli- gence-Justified Confidence for DoD Command and Control study, chair of AI Commit- tee of the National Acad- emies, and Review Pan- els of NSF National AI Insti- tutes and Committee of Stra- tegic Thinking for Engineering Research. An International Hall of Famer (Women in Technology), she has been inducted into the National Academy of Engineering, named an R&D- Stars-to-Watch, and received the YWCA Achieve- ment Award. She has held senior executive posi- tions with Lockheed Martin Corp., and was CEO of International Electronic Materials Corp. She is cur- rently CEO of H-Technologies Group, providing business, technology, and manufacturing solutions. She has served as chair of the Laboratory Assess- ment Board, the DoD Army Research Laboratory Assessment Board, and the Assessment Board of Army Engineering Centers. She is on the board of Fortune-500 NYSE companies and civic and univer- sity boards, Commerce Department's Export Coun- cil, National Materials and Manufacturing Board, NIST Assessment Board, various national panels/ committees, and international leadership positions. She is the author of 10 books (four as co-author) and 750+ technical/editorial publications. She is a speaker and author on trade, business, and edu- cation issues. Her formal education includes four academic degrees (Ph.D., M.S., M.A., B.S.), as well as Harvard Business School Executive Program and Columbia University Corporate Governance Program. To read previous columns, click here. S M T P E RS P ECT I V ES A N D P RO S P ECTS " " I don't mean to sound par ticularly critical; I know p e ople have emotions, but you've got to che ck them at the do or when you invest . —Warren Buf fet t