When Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett weighs in on stocks or the U.S. economy, investors tend to pay close attention. That's because the Oracle of Omaha has a phenomenal investment track record. Since becoming CEO in the mid-1960s, he's led his company's Class A shares to an annualized return of 19.8% (as of Dec. 31, 2022), which is double the 9.9% annualized total return, including dividends, generated by the benchmark S 500 over the same timeline.

The "formula" for Buffett's and Berkshire Hathaway's success is no secret. Buffett and his right-hand man, executive vice chairman Charlie Munger, willingly share the traits they look for in businesses and management teams that often lead to winning investments.

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

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Source Fool.com