But what's the difference between them? From the operational form, Buffett likes to buy the whole company, while Peter Lynch is limited to buy only a small part of the company because he is a fund manager. From the operational concept, as an aggressive investor, Buffett's teacher Graham has the following categories: 1 ordinary trading, 2 selective trading, 3 low buying and high selling, 4 long-term selection and 5 cheap buying. Through Graham's discussion, it is easy to tell that Buffett is a cheap buyer. Peter Lynch is a long-term choice.
As Graham said, to be a long-term investor, "but almost no one has the ability to make correct judgments when others make mistakes. This foresight cannot be regarded as a feature of rational investment." Therefore, Peter Lynch strives to make this non-existence exist. This great contribution only lasted 13, 1977 to 1990. If you add 1969 to the fidelity, Peter Lynch only lasts 2 1 year.
On the other hand, Buffett is a cheap buyer. His efforts can be from 1965 to the present, which can be said to have lasted for 42 years and are still continuing. And in the process, Buffett's personal life has not been affected. As Buffett said, "This is not the lifestyle that Charlie and I want. (What's the point of staring at the stock market every day in order to get rich) "
Both of them admire each other very much. Buffett once quoted Peter Lynch as saying, "Peter Lynch described this behavior appropriately. He was rooting out flowers and watering weeds." Peter Lynch also spoke highly of Buffett.
The biggest similarity between them is that they are tenacious and diligent investors. Buffett tends to be tough, while Peter Lynch tends to be diligent. It's worth learning.