Warren Buffett has enjoyed some big advantages that helped him along the way as he amassed his investing fortune. One of the most impactful has been time. The billionaire credits the many decades he's had as an investor for being a key factor supporting his success. "It helps to start early and live into your 90s," he said in this year's letter to Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) shareholders.

For the last 30 of those years, Buffett has made Coca-Cola (NYSE: KO) an important part of Berkshire's portfolio. He accumulated 400 million shares of the beverage titan by 1994 and now counts over $700 million in annual dividend payments from that single investment. It's true that Coke isn't as cheap as it was back in the '90s, but it is still priced at a great value today. Here's why.

Wall Street has avoided Coca-Cola's shares this year, either because investors were more focused on high-growth tech stocks or because they were worried that the company's best days are behind it. Yet this is an impressive growth stock, too.

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Source Fool.com