Warren Buffett's highly diversified holding company Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) isn't known for making mistakes with investors' hard-earned money. Over the past 57 years, its shares have failed to produce positive annual returns only 11 times.

What's more, Berkshire stock has outperformed the S&P 500, in terms of total annual returns, a whopping 38 times since Buffet took the company over in 1965. Not all of Berkshire's stock picks have been winners, however.

Image source: Getty Images.

Continue reading

Source Fool.com