There are a lot of smart people on Wall Street. However, few manage to draw investors' attention quite like the Oracle of Omaha, Warren Buffett. Since becoming the CEO of Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) in 1965, his company's Class A shares (BRK.A) have increased by an aggregate of more than 4,300,000%, which works out to nearly a 20% annualized return spanning almost six decades.

Given how consistently Warren Buffett and his investing lieutenants, Ted Weschler and Todd Combs, have outperformed the benchmark S 500 (SNPINDEX: ^GSPC), investors often follow in his footsteps to generate sizable long-term gains.

Berkshire Hathaway CEO Warren Buffett. Image source: The Motley Fool.

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Source Fool.com