Charlie Munger says investors need to own stocks like Apple and Alphabet - or they risk being left behind

• Investors need to own stocks like Apple and Alphabet or they'll fall behind, Charlie Munger says.
• Warren Buffett's business partner said Apple was the "logical candidate" for Berkshire Hathaway.
• The 99-year-old investor says he likes the tech titans and regulators shouldn't break them up.

It's the Magnificent Seven's world and we're all just living in it, according to Charlie Munger.

A handful of mostly technology companies have grown so dominant, and outperformed the stock market to such a great extent in recent years, that investors who don't own any of them risk being left behind, Warren Buffett's business partner said in two recent interviews.