When it comes to Wall Street investing greats, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett is on a pedestal of his own. Since taking the reins at Berkshire in 1965, he's overseen a cumulative return in his company's Class A shares (BRK.A) of 5,028,429%, as of the closing bell on July 10. On an annualized basis, the "Oracle of Omaha" has practically doubled up the total return, including dividends paid, of the benchmark S 500 since the mid-1960s.

Buffett's formula for success primarily involves buying stakes in brand-name, time-tested businesses with well-defined competitive advantages. While this strategy places a lot of emphasis on value stocks, the occasional growth stock does wind up in the 44-stock, $410 billion portfolio Buffett and his team oversee at Berkshire Hathaway.

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

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Source Fool.com