On a high: the continued advance of equities means one influential strategist sees almost no value in the US market and precious little elsewhere.Photograph: Brendan McDermid/Reuters

The US stock market is “hideously expensive,” according to James Montier, an influential strategist with GMO, a global investment management firm bas(...)

Berkshire Hathaway chief executive Warren Buffett talks to reporters while holding an ice cream at a trade show during the company’s annual meeting in Omaha, Nebraska. The conglomerate said quarterly profit declined 4 per cent, falling short of analysts’ forecasts. Photograph: Rick Wilking/Reuters

Warren Buffett’s devoted followers made their pilgrimage to Omaha this year amid an intense debate about whether his $300 billion conglomerate Berkshi(...)

Berkshire Hathaway shareholder Richard Harmon poses in an opening in a wall behind a picture frame held by a photograph of Berkshire chairman Warren Buffet, at the company’s annual meeting in Omaha. Photograph: Reuters/Rick Wilking

Twenty thousand people braved the Nebraska drizzle at the weekend for a seat at one of the events of the investor calendar – t(...)