> I just asked ChatGPT

Please don’t do this.

> what Warren Buffett's strategy is, and it said buying undervalued companies and holding for a long time

No. It’s cheap leverage applied to low-volatility assets bought for a fair price [1]. (Munger got him off the ‘cigarette butt’ strategy of buying on the cheap.)

[1] https://www.nber.org/system/files/working_papers/w19681/w196...