For more than 57 years, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett has put on a moneymaking clinic for Wall Street. Through the end of 2021, the Oracle of Omaha oversaw an average annual return of 20.1% for the company's Class A shares (BRK.A), which was nearly double the average annual total return, including dividends paid, for the S&P 500 over the same stretch.

While there's a long list of reasons to account for Warren Buffett's success over nearly six decades, his affinity for buying value stocks sits near the top of the list. Instead of chasing unproven companies, Buffett has a habit of packing Berkshire Hathaway's portfolio with highly profitable, time-tested stocks that can be purchased for a reasonably low valuation.

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

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Source Fool.com