Any list of the greatest investors of all time would undoubtedly find renowned Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett near the top of that list. The so-called Oracle of Omaha has led the company for more than five decades, and in that time, he has become the standard by which all successful investors are measured.

Since taking the reins at Berkshire in 1965, his stock picks have increased (on average) about 20% annually and, in total, have surged an unrivaled 3,787,464%. So when the Oracle talks, investors listen.

For those looking to replicate his track record of success, Buffett has advice on how to successfully build a nest egg for retirement, and it doesn't require an accounting degree, advanced knowledge of economic principles, or sophisticated algorithms. Buffett suggests a simple strategy he believes "makes the most sense, frankly, all of the time." Furthermore, the Oracle provides three simple steps that even the most novice investor can use to succeed. 

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Source Fool.com