Warren Buffett has done a fantastic job of outperforming the markets over not just years but decades. His company, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), has averaged annual returns of around 20% going back to 1965. The S 500, by comparison, has averaged returns of just over 10% during that time frame.

Many investors copy Buffett's moves in the hopes that they may be able to generate similar returns and also outperform the market. But what may surprise you is that, of the top seven stocks in Berkshire's portfolio, only one of them has definitively been a market-beating investment over the past five years.

Over the past five years, the S 500 has risen by 86%. But of Buffett's top holdings, only two have generated better returns than that, and only one has proven to be vastly superior to investing in the broad index.

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Source Fool.com