How can I get the minimum and the maximum element of a list in python

Question

If a have a list like:

l = [1,2,3,4,5]

and I want to have at the end

min = 1   
max = 5

WITHOUT

Answer 1

>>> L = [1,2,3,4,5]
>>> reduce(lambda x, y: x if x>> reduce(lambda x, y: x if x>y else y, L)
5

Another way

>>> it = iter(L)
>>> mn = mx = next(it)
>>> for i in it:
...  if imx:mx=i
... 
>>> mn
1
>>> mx
5