Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) is one of the most storied stocks on Wall Street. It has minted a large number of millionaires over time. However, buying today may not be the best option if you hope that it will make you a millionaire, too. But don't write the stock off -- CEO Warren Buffett looks like he is getting ready to make some big moves when the time is right.

Berkshire Hathaway would not exist today if it weren't for the very unique investment approach taken by longtime CEO Warren Buffett. To summarize his methods as simply as possible, he prefers to buy well-run companies while they are out of favor for some reason. This requires patience and access to investment capital. (Keep those two things in mind as you continue reading.) Over time, he has built a complex and shockingly diversified conglomerate.

Image source: The Motley Fool.

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Source Fool.com