Few would argue with the investing success of Berkshire Hathaway chief Warren Buffett. Since taking the helm nearly 60 years ago, his stock-picking acumen has yielded compounded annual gains of roughly 20%, and Berkshire's portfolio has collectively soared a massive 3,787,464%.

His ability to choose consistent performers earned him the moniker "Oracle of Omaha." With more than three dozen stocks in Berkshire's holdings, those looking to follow Buffett's example have a wide range of stocks to choose from. Yet, for all those choices, one company has come to dominate the portfolio. Buffett has cited the company's strong track record of growth, loyal customer base, and enviable history of returning capital to shareholders as selling points for Apple (NASDAQ: AAPL).

Furthermore, Buffett continues to heap praise on Apple, saying, "It just happens to be better business than any we own." There are plenty of reasons to own Apple stock, but having the Buffett seal of approval certainly adds weight.

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Source Fool.com