The two guys who manage the Wasatch World Innovators Fund [ticker: WAGTX] go way back together, but that doesn't mean they agree on everything. Case in point: Amazon. The senior portfolio manager thinks the stock is too rich. The junior manager sees a good growth story, despite the already-high valuation.

Such arguments may seem surprising given that the senior fund manager, Sam Stewart, is a founder of Wasatch Funds, and has been Wasatch Funds president since 1986. But the brassy co-manager willing to challenge the boss is none other than his son, Josh.

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