"I hate comparisons between players because it unnecessarily creates controversy. Both played under different pressure and for different teams. I would place them pretty much on equal terms," Waugh told reporters during an interaction organized by Brigade Orchards here.
Lara and Tendulkar were unbelievable players, who won games for their teams, playing under different conditions, Waugh said.
"Sachin was carrying on his shoulders amazing pressure of 1.3 billion people. Brian obviously was the best player in a weak team," he added.
Another former Australian captain, Ricky Ponting had rated Lara ahead of Sachin as he felt the West Indian helped his team win more matches.
On Tendulkar's retirement, Waugh said all good players ultimately have to hang their boots.
Despite the retirements of legends like Rahul Dravid and VVS Laxman, Waugh said Indian cricket will survive as it has abundance of young talents.
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