Berkshire Hathaway ( BRK.A -0.05%) ( BRK.B 0.24%) is considered by many to be a reliable stock for long-term investors. It's outperformed the S&P 500 ever since a young Warren Buffett took over the company in 1965, and its evolution from an aging textile maker to a diversified conglomerate churned out millionaire-making gains.

I would like to receive updates and special offers from Dow Jones and affiliates. I can unsubscribe at any time.

Housing experts weigh in on the state of mortgage rates and how the Federal Reserve may provide some relief by the end of the year.