The soft drink giant, along with others in the sector, has taken incoming fire from nutrition advocates concerned about the health impact of sugary drinks and fatty foods. Notably, an effort to ban soft drinks of a certain size in New York City failed in 2014, after a state court declined to renew the limit instituted by former NYC Mayor Mike Bloomberg.
"We ought to have a law ... where these people shouldn't be allowed to cite the defects without citing the advantage. It's immature and stupid," Munger said Saturday at Berkshire's annual shareholders meeting.
Berkshire has been a longtime shareholder of Coca-Cola and owns 9.2 percent of the Dow component, according to a 13-F filing from Dec. 31.
Warren Buffett is not worried about who becomes the next president of the United States.
"That won't be the main problem" for Berkshire Hathaway, Buffett said at the company's annual shareholders meeting, adding the company will "do fine" whether Democratic front-runner Hillary Clinton or Republican candidate Donald Trump win the November elections.
Buffett has been an outspoken supporter of Clinton, and has spoken approvingly about the campaign messageof her Democratic challenger, Vermont Senator Bernie Sanders. In February, the Oracle dismissed the doom and gloom of the current election cycle, saying U.S. citizens have abright future ahead.
The billionaire businessman said Berkshire has operated under all kinds of government leadership, and that good businesses are able to adapt to circumstances. He noted that, even with low interest rates American businesses have kept on finding ways for being profitable.
"The system works very well with aggregate output," he said.
Munger said the much-maligned pharmaceutical turned out to be a "sewer" and those who created it deserved everything they got, after the Sequoia Fund was sued by shareholders for its lofty investments on the firm.
Warren Buffett is legendary as an investor, but he's also an incredibly successful businessperson, too — a fact that sometimes gets lost in the millions of words that have been written about his advice on how to buy a stock.
That advice can be summarized with a just a few words. Appearing on the CNBC-produced syndicated program "On the Money" in 2014, Buffett said, "If you own your stocks as an investment — just like you'd own an apartment, house or a farm — look at them as a business."
As CEO and primary shareholder of Berkshire Hathaway,Warren Buffett, the world's most famous investor, has developed a well-known reputation of buying big stakes in companies he believes in.
When Buffett buys shares of a company for Berkshire Hathaway, the markets translate his moves as a vote of confidence for a firm's continued success.
It is important to remember that Buffett does not personally make all of Berkshire's investment decisions. Two portfolio managers, Todd Combs and Ted Weschler, each handle several billion dollars of investments on their own.
Holdings of less than $1 billion were probably bought by either Coombs or Weschler. Buffett has said he doesn't interfere with their decisions.
Although Berkshire Hathaway's holdings change, the company's most recent SEC filings* reveal where the company is most heavily invested. This list does not include wholly owned subsidiaries of Berkshire.
Here are the 15 publicly traded stocks, by value, that are the biggest holdings of Berkshire Hathaway.
You can also see data for all the stocks in Berkshire's filing, along with real-time market values of those stakes, with our interactive Berkshire Hathaway Portfolio Tracker.
By Paul Toscano & Alex Crippen - Updated August 14, 2014
*All holdings are as of June 30, 2014, as reported in Berkshire Hathaway's 13F SEC filing on August 14, 2014, except as noted. Holding values are calculated as of the close on August 15, 2014.