Meet the Buffett antithesis

Fidelity's Mark Schmehl doesn't do value investing, or any other styles for that matter - here's why he's better off

Yan Barcelo 25 June, 2019 | 2:33AM
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Mark Schmehl

Mark Schmehl, who manages four portfolios at Fidelity Investments Canada, graduated from Columbia University, “the home of value investing, he recalls, where Buffett himself graduated. Buffett is a fantastic investor,” Schmehl readily recognizes, “but he’s the antithesis of what I do.”

Buffett is the classic, deep-dive investor, Schmehl explains, who builds an individual understanding of each business and takes an investment decision on his feeling of what that company’s value is. When the stock is below that stated value, he buys it. When it hovers near it or moves beyond it, he sells.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Fidelity Canadian Growth Company Sr F97.23 CAD0.80Rating
Fidelity Global Innovators Cl F28.34 CAD0.84Rating
Fidelity Special Situations Class F54.70 CAD0.79Rating

About Author

Yan Barcelo  is a veteran financial and economic journalist with more than 30 years of experience, writing for many publications in Toronto and in Montreal, including CPA MagazineLes Affaires and Commerce.

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