Warren Buffett is one of the richest men in the world. However, by his own confession, he isn't one of the smartest men in the world.
Buffett has made billions investing in the stock market and building his conglomerate empire, Berkshire Hathaway -- but these incredible results are a result of a consistent system (and luck) rather than genius brains alone.
Almost no investment isn't affected by some element of luck -- both good and bad luck. Warren Buffett realizes this and does everything in his power to minimize the impact of this luck. He does this by following a consistent method when its comes to investing and running this business. Regardless of what is happening in the economy or on Capitol Hill, Buffett sticks with what he knows and pounces on his opportunity when it arises.
In the following video, Motley Fool analysts David Hanson and Tyler Riggs discuss what makes Buffett such a successful investors, which Berkshire Hathaway businesses are the best, and tell viewers what they can learn from Buffett.
David Hanson owns shares of Berkshire Hathaway. Tyler Riggs has no position in any stocks mentioned. The Motley Fool recommends Berkshire Hathaway. The Motley Fool owns shares of Berkshire Hathaway. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.