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Warren Buffett’s Berkshire Hathaway placed a $5.7bn (€4.8bn) bet on four US pharmaceutical stocks in the third quarter. File photograph: Getty

Warren Buffett’s Berkshire Hathaway placed a $5.7 billion (€4.8 billion) bet on four US pharmaceutical stocks in the third quarter, as the billionaire(...)

Berkshire Hathaway shareholders watch the company’s annual meeting, at which Buffett and Munger rued several of the tech investments they never made. Photograph: Rick Wilking/Reuters

It was with his traditional glib mannerism that Charlie Munger – Berkshire Hathaway vice-chairman and Warren Buffett’s right-hand man – hurled a caval(...)