For nearly six decades, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett has absolutely crushed Wall Street's benchmark index. Whereas the broad-based S&P 500 produced a 30,209% total return, including dividends paid, between 1964 and 2021, the Oracle of Omaha (as Buffett has come to be known) led Berkshire's Class A shares (BRK.A) to a jaw-dropping gain of 3,641,613% in the same stretch.

Many books have been written extolling the strategies Warren Buffett employs to beat the market. But the Oracle of Omaha's penchant for portfolio concentration might be Berkshire Hathaway's key ingredient.

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

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Source Fool.com