The 44-stock, $303 billion portfolio the Oracle of Omaha oversees at Berkshire Hathaway has two amazing deals hiding in plain sight, as well as a pricey brand-name stock worth steering clear of.

Since becoming chairman of Berkshire Hathaway (NYSE:BRK-A)(NYSE:BRK-B) in the 1960s, Warren Buffett has trounced the market by an almost two-to-one ratio over those 60 years. By looking for great companies trading at fair prices,

American Express' powerful brand is a defining characteristic. Its premium credit cards have high annual fees, but they come with top-notch perks and rewards, not to mention the status they exude to other people. Naturally, Amex's positioning brings in an affluent base of customers that have robust spending power.

The stock market is a mercurial beast. No matter how smart and prepared you are, you will still, at some point in your investing journey, find yourself totally gobsmacked by the goings-on of

The Oracle of Omaha, Warren Buffett, is arguably one of the most famous investors of all time. Many investors have sought to replicate his investing strategy as emphasized by the holdings of Buffett's multinational conglomerate Berkshire Hathaway.