Warren Buffett likes stocks. He began investing in stocks at age 11, buying three preferred shares of Cities Services. Through the years, he has amassed a multibillion-dollar fortune thanks to the performance of the many stocks he's purchased.

What's Buffett's favorite stock of all? That's an easy question. It's Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B), hands down. Most of the legendary investor's net worth is tied to the stock of the conglomerate that he runs.

Some might argue that Berkshire isn't as good of an investment as it used to be. However, my view is that it's still a smart pick for long-term investors. Here's the No. 1 reason to buy Buffett's favorite stock right now.

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Source Fool.com