The success of Berkshire Hathaway over the past five decades under the leadership of Warren Buffett may be attributed primarily to:

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Berkshire Hathaway's success can be attributed to Warren Buffett's strategy of acquiring well-managed companies in attractive industries and then using disciplined capital allocation to generate returns for shareholders. While he is known for his ability to guide strategic decisions at subsidiaries, it is the focus on acquiring quality companies that has really driven the company's success. Buffett has also been known to exit poorly performing companies or industries, but this is not the primary driver of the company's success.

The Success of Berkshire Hathaway Over the Past Five Decades