Lynch Regrets Missing Apple Bet as Buffett's Favorite Surges

Peter Lynch, a veteran American investor and former Fidelity Magellan fund manager, has shared his regrets about missing out on two major stock opportunities. In an interview with CNBC in 2023, he expressed disappointment at not buying Apple shares earlier, calling himself 'dumb' for not understanding the company's potential.

Lynch acknowledged that Warren Buffett had seen the value in Apple and made significant profits from it. Buffett first bought Apple shares in 2016, and they have since become Berkshire's single biggest position. The shares have gained over 49% in a year and 108% in five years, with Buffett even regretting selling some of his stake.

Lynch also regretted not buying Nvidia shares earlier, joking that he had difficulty pronouncing the company's name. He emphasized the importance of understanding what a company does before investing in it, saying 'Know what you own' and advising investors to research thoroughly.