SUMMARY
- Legendary investor Peter Lynch expresses regret over not investing in Apple and Nvidia
- Warren Buffett's Apple investment became the crown jewel in his portfolio, earning over $100 billion
- Lynch's 13-year run at Fidelity's Magellan Fund solidifies his status as a Wall Street icon
Once upon a time, the legendary investor, Peter Lynch, ruled the investment world with his incredible knack for picking winning stocks. Despite his successes, he's not immune to a little FOMO, especially when it comes to some major tech players.
On a recent episode of CNBC's "Squawk Box," Lynch expressed his "how-dumb-was-I" moment when he realized he'd missed out on the juicy profits Apple had to offer. With a solid balance sheet and a straightforward business model, Apple was a no-brainer. Even his daughter's iPod purchase, which was making bank for the tech giant, didn't nudge him to buy the stock.
Meanwhile, Warren Buffett, the "Oracle of Omaha," initially shied away from tech stocks, but eventually took the plunge into Apple. Thanks to his trusty investing lieutenants, Buffett's Apple investment became the crown jewel in his portfolio, racking up over $100 billion in paper gains. Who knew a consumer products company with a dedicated fanbase could make it rain like that?
As if missing out on Apple wasn't enough, Lynch also kicked himself for not hopping on the Nvidia bandwagon. This semiconductor superstar has been crushing it in the AI space, leaving Lynch to quip, "Nvidia has been a huge stock I wish I could pronounce it."
Despite the missed opportunities, Lynch's legacy is secure. His stellar 13-year run at Fidelity's Magellan Fund and subsequent investment books ensure that he'll always be remembered as a Wall Street icon.
WOM Money Picks
Be a part of the winning team | 81% Success Rate.