Billionaire Warren Buffett has guided Berkshire Hathaway to incredible success. The company's share price has grown twice as fast as the S 500 since he took control in 1965, due in large part to his abilities as a businessman and investor.

Somewhat surprisingly, Buffett does not recommend Berkshire stock. Instead, he has consistently told investors to buy an S 500 index fund. "I recommend the S 500 index fund, and have for a long, long time to people. And I've never recommended Berkshire to anybody," Buffett said at Berkshire's annual shareholder meeting in 2021.

That investment strategy may not be exciting, but it has been a surefire moneymaker for patient investors. Here's how the Vanguard S 500 ETF (NYSEMKT: VOO) could turn $450 per month into $983,800 over three decades.

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Source Fool.com