Warren Buffett is the chairman of Berkshire Hathaway Inc. and is one of the world's wealthiest men. Buffett is known as "the Oracle of Omaha" for his remarkable savvy in stock market investments and for the success of Berkshire Hathaway -- the textile company he acquired in 1965 and turned into a holding company for investments in many other businesses. Did you know that a $10,000 investment in Berkshire Hathaway in 1965, the year Warren Buffett took control of it, would grow to be worth nearly $30 million by 2005? By comparison, $10,000 in the S&P 500 would have grown to only about $500,000. Buffett's investment strategy is arguably the most successful ever. Warren Buffett descends from the Benjamin Graham school of value investing. Value investors look for securities with prices that are unjustifiably low based on their intrinsic worth. Warren Buffett takes this value investing approach to another level.

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