Your accomplishments and brilliance don’t matter as much as this leadership skill.

Just as much as Coca-Cola, Apple (NASDAQ: AAPL) is a frequently suggested Buffett pick. And as with Coke, that's for a good reason. Apple is another one of those timeless stalwarts with a well-deserved reputation for performance.

When I make reference to Buffett's favorite stock, I'm talking about none other than Berkshire Hathaway itself. Buffett has authorized the repurchase of $77.8 billion worth of Berkshire stock since 2018, which is more than twice the amount the conglomerate invested in Apple.

Warren Buffett is known for his investing success, generating market-beating returns over the long run. As chairman, he's helped Berkshire Hathaway deliver a compounded annual gain of more than 19% over 58 years -- that's as the S&P 500 posted a compounded increase of about 10% during that period.