Where value is

 

Warren Buffett’s Berkshire Hathaway is making large bets on Big Pharma companies.  It has sold Apple and big banks and bought 21 million shares of Abbvie, 22 million of Merck, 3.7 million shares of Pfizer and nearly 30 million shares of Bristol-Myers Squibb. 

Apparently Buffett is abandoning physical "moat" enterprises and even "high tech" and is going for health research.