When it comes to billionaire money managers, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett is on a pedestal of his very own.

Since taking the reins at Berkshire Hathaway in the mid-1960s, the affably dubbed "Oracle of Omaha" has overseen an aggregate return in his company's Class A shares (BRK.A) of a scorching-hot 5,422,618%, as of the closing bell on July 17. On an annualized total return basis covering nearly six decades, he's practically doubled up the benchmark S 500, including dividends paid.

Buffett's secret to success is really no secret at all. He's plainly stated on multiple occasions that he seeks out time-tested businesses that have well-defined competitive advantages and strong management teams.

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Source Fool.com