The thesis is that because Fidelity doesn't have full access to a company's newest finances, its valuations are largely unreliable and insubstantial. But I'd r

The thesis is that because Fidelity doesn't have full access to a company's newest finances, its valuations are largely unreliable and insubstantial. But I'd rather take the fair value valuation of a passive third party over the fanciful valuations of a management team incentivized to project sky high revenues.