Invest like Warren Buffett
A: Warren Buffett is the closest thing the investment world has to a Michael Jordan.
Just as teenage boys practice "being Mike" when playing basketball in their driveways, there are legions of Warren worshipers who try to copy Buffett, write about him, emulate him and invest in his holding company, Berkshire Hathaway. Even Bill Gates is an investor.
And it's not hard to see why. Buffett is one of the few investors who have outperformed the stock market over a long period. Since January 1990, shares of Berkshire Hathaway have rocketed from $7,455 a share to $89,600 as of Friday. That's a 1,102% gain. Compare that with the Standard & Poor's 500 index, which has risen about 300% during the same time.