Warren Buffett is commonly regarded as the one of the greatest investors in American history. That's because Berkshire Hathaway ( BRK.A 0.56%) ( BRK.B 0.53%) stock has returned 19.9% annually since he took control six decades ago. Comparatively, the S&P 500 ( ^GSPC 1.12%) has returned 10.4% annually during the same period.

Warren Buffett is a gifted teacher who explains complex topics in a digestible format. This year he touched on Berkshire Hathaway’s massive cash hoard, among other items.

The Oracle of Omaha discusses his outlook for stocks and what it takes to own a good business, along with other tips and investment strategies.