Warren Buffett has built his successes through his ability to pick a good stock. As chairman, he's led Berkshire Hathaway to a compounded annual gain of nearly 20% over 57 years thanks to investments in quality companies across industries, from financial to consumer goods. But one big piece of advice he has for investors isn't about stock picking.

In fact, he recommends an easy strategy that doesn't require you to study the market or particular players or buy and sell at just the right moment. It simply involves regular investing in one asset over a number of years. Could this advice help you become a millionaire? Let's find out.

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Source Fool.com