Why this $1.1-billion money manager is selling Amazon and adding gold and cash

News Snapshot:

Open this photo in gallery: Richard Croft, president, chief investment officer and portfolio manager at Croft Financial Group in Toronto.The Globe and Mail While some investors were bullish when U.S. President Donald Trump was elected last year, money manager Richard Croft started getting more defensive. “I thought he would add more volatility, which turned out to be an understatement,” says Mr. Croft, president, chief investment officer and portfolio manager at Croft Financial Group in Toronto, whose firm oversees about $1.1-billion in assets. When President Trump’s tariff threats gained momentum earlier this year, Mr. Croft got even more cautious with his...