Smart investors like Warren Buffett have seen great success with Berkshire Hathaway, outperforming the S&P 500 with annual gains of 19.8%. Two Berkshire stocks to consider are Chevron, with a 4.3% dividend yield and strong growth prospects, and Occidental Petroleum, which may grow faster due to rising oil prices and debt reduction. For those seeking a diversified approach, the Vanguard S&P 500 ETF is recommended by Buffett and offers solid long-term performance. Consider these options for a well-rounded portfolio and potential wealth-building opportunities.

Read more at Yahoo Finance: The Best Warren Buffett Stocks to Buy With $1,000 Right Now — Including Chevron (CVX) and the Vanguard S&P 500 ETF (VOO)