Warren Buffett's seemingly simple approach to capital allocation has worked extremely well. This is evident in Berkshire Hathaway's impressive decades-long track record. A $10,000 investment in the conglomerate 50 years ago would be worth an astonishing $18.6 million today (as of Dec. 4).

Naturally, many individual investors look to the Oracle of Omaha for ways to improve their own skills when actively managing a portfolio. The good news is that anyone can benefit from one of Buffett's biggest advantages.

Here's what I think is the secret to his investing success.

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Source Fool.com