For six decades, billionaire Warren Buffett has been dazzling Wall Street with his investing prowess. Though his company, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), hasn’t outperformed the benchmark S&P 500 every year since 1965, he’s nearly doubled the average annual total return of this broad-based index, including dividends, spanning 60 years.
For some investors, riding the Oracle of Omaha’s coattails and mirroring his trading activity has been a pathway to long-term riches. Historically, this has meant buying time-tested businesses in the financial or consumer staples sectors.
Berkshire Hathaway CEO Warren Buffett. Image source: The Motley Fool.