Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) is a legendary stock in the investing world. Led by the iconic Warren Buffett, the diversified holding company has outperformed the S 500 index many times over since 1965.

Buffett's investing philosophy is based on key ideas such as a company's competitive advantage, management quality, and long-term compounding returns. These guiding principles have helped the company avoid major blunders and score several big wins under his leadership.

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Source Fool.com