Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett knows a thing or two about investing. Since becoming CEO in 1965, he's led his company's Class A shares (BRK.A) to an annualized return of 20.1%. For those curious, this works out to an aggregate return of 3,641,613%, through the end of 2021. That's a 120 times greater total return than the benchmark S&P 500, including dividends paid, over 57 years.

Buffett's long-term outperformance is a function of packing Berkshire's portfolio with cyclical businesses and dividend stocks, and most importantly, having a long-term mindset.

But even billionaire Warren Buffett is fallible.

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Source Fool.com