When Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett buys or sells a stock, everyone from Wall Street professionals to everyday investors pays close attention. That's because Buffett has an incredible investment track record that includes an average annual return of 20.1% for his company's Class A shares (BRK.A) since 1965.

While there are a number of reasons for Buffett's nearly six-decade outperformance of the major stock indexes, such as his love of cyclical businesses and dividend stocks, it's his opportunistic long-term approach to investing that might be his greatest not-so-secret weapon. With the understanding that every stock market correction and bear market decline throughout history has been a buying opportunity, Buffett uses big pullbacks in the broader market as an excuse to go shopping.

Through the first six months of 2022, Berkshire Hathaway bought or added to more than a dozen stocks. With all three major U.S. stock indexes firmly in a bear market, you can be certain Buffett is still on the offensive.

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Source Fool.com