Peter Lynch Found His Best Stocks in Everyday Life. Warren Buffett Held His for Decades. This Consumer Stock Fits Both Playbooks.
Average investors can learn some valuable lessons from these two legends.
Overview
It goes without question that Peter Lynch belongs in the investor hall of fame. The portfolio manager of the Fidelity Magellan Fund put up a phenomenal 29% annualized return during the 13-year stretch from 1977 to 1990, trouncing the S&P 500 index.
That elite group of capital allocators also includes Warren Buffett. The longevity of his success is impressive, as he directed capital allocation decisions that propelled Berkshire Hathaway shares to a compound annual growth rate of nearly 20% for six decades.
Details
Average investors can lean on the principles of these two legends to find ideas for their own portfolios. The business that does a good job of checking a lot of the boxes that are important to these great investors is none other than Amazon (NASDAQ: AMZN). Let's take a closer look at this "Magnificent Seven" stock through the eyes of Lynch and Buffett.
Source
Originally published at www.fool.com.