Warren Buffett, one of the most successful investors in history, earned a remarkable 3,641,613% total return on capital for Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) shareholders from 1964 to 2021. By contrast, the benchmark S 500 produced total returns on capital of approximately 2,600% over this period.

What is Buffett's secret to beating the broader markets? He mainly invests in companies that have a strong competitive advantage and a high intrinsic value.

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Source Fool.com