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This Fund Manager Doesn’t Believe in Buffett and Is Buying Everything Crypto

  • Global Innovators fund is Fidelity Canada’s best-ever launch
  • ‘I don’t believe in Warren Buffett,’ Mark Schmehl says
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Dennis Gartman Sees Sign of a Top for Bitcoin

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Mark Schmehl flouts Warren Buffett, thinks valuation is overrated and says most other rules of investing are “total baloney.”

The portfolio manager, who just completed Fidelity Investments’ most successful Canadian fund launch ever, eschews investing obsessions such as earnings, cash flow and price-earnings ratios and invests at the extremes of the market instead, including Canadian cryptocurrency stocks.