Lynch Regrets Missing Out on Apple Despite Daughter's iPod

Veteran investor Peter Lynch expressed regret over missing out on Apple despite his daughter buying an iPod, calling the oversight a mistake given Apple's simple business model and strong balance sheet. The former Fidelity Magellan fund manager revealed in 2023 that he wished he had invested in Apple.

Lynch noted during his interview that Apple was not a complicated company to understand, saying 'Apple was not that hard to understand.' He added that the iPhone maker had a nice balance sheet as well. His daughter bought an iPod for $250 at the time, and Lynch recalled thinking Apple made high margins on it.

Lynch acknowledged that legendary investor Warren Buffett saw Apple's potential and made huge profits from it. Buffett first bought Apple shares in 2016, and it has grown into Berkshire's single biggest position. Apple has turned out to be one of Buffett's most successful bets in his illustrious career.