When Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett speaks, everyday and professional investors wisely pay attention. Although the Oracle of Omaha, as he's come to be known, isn't infallible, he's crushed the broader market since becoming CEO in 1965. The 3,787,464% cumulative return in Berkshire's Class A shares (BRK.A) through Dec. 31, 2022 was 153 times greater than the total return, including dividends paid, of the S 500 over the same span.

What's interesting about Warren Buffett's investment philosophy is that any investor can follow in his footsteps. He's not using any fancy charting tools or software to make his stock selections. Rather, he's buying stakes in what he deems to be "wonderful companies at a fair price" and holding those investments for very long periods.

Berkshire Hathaway CEO, Warren Buffett. Image source: The Motley Fool.

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Source Fool.com