For 58 years, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett has been dazzling Wall Street with his investing prowess. Although he can be wrong just like any other investor, he's managed to lap the total return of the S&P 500, including dividends paid, 153 times. Put another way, Berkshire's stock could drop 99% and Buffett's company would still be comfortably outperforming the broader market over a nearly six-decade stretch.

There are a number of reasons the Oracle of Omaha has vastly outperformed the benchmark S&P 500. Examples include using time as an ally, packing Berkshire's portfolio with cyclical, dividend-paying companies, and focusing on sectors and industries Buffett and his team know well.

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

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Source Fool.com