Small Caps, Value, International – Oh, My!

Motley Fool Answers

The Motley Fool

Taxes, Saving, Money, Investing, Planning, Retirement, Personalfinance, Finance, Education, Business

4.4 • 823 Ratings

🗓️ 20 October 2020

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

The S&P 500 has trounced smaller, cheaper, and non-U.S. stocks over the past several years. Is this just a typical cycle, or will the trend continue? Senior Advisor Bill Mann joins us to explain what’s happening and what to do.

Transcript

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0:00.0	This is Motley Fool Answers. I'm Alison Southwick, joined as always by Robert Get Out the Broat
0:09.1	Camp, personal finance expert here at the Motley Fool. Hey, bro, how you doing? Good. Broat early
0:14.2	and often. That's what I say. There you go. In this week's episode, we're joined by Bill Mann,
0:18.4	senior analyst here at the Motley Fool. He's going to talk about asset allocation. So exciting. All that and more on this week's episode of Motleyful answers. So, Alison, what's up? Well, bro, for you, I have two things. Not one, not three, but two things. The first thing being Pobody's Nerfict.
0:41.3	About a month or so ago, I gave you a bit of the life story of Robert Smith, famed investor,
0:46.3	philanthropist, and the wealthiest African American. Thanks to Rick over on Twitter, who brought it to my attention,
0:51.3	that it turns out Mr. Smith was less than honest on his
0:54.3	taxes.
0:55.2	Oh, boy.
0:56.0	Quite popular. Everybody's doing it. Yeah. So basically, Mr. Smith, according to the Financial
1:01.9	Times, the founder of Vista Equity Partners, has had hidden $200 million from the tax man.
1:07.7	But who hasn't done that? I mean, if I could, I would. That's not true. I love paying
1:12.7	taxes. So yeah, and evaded some 43 million in taxes from about 2005 to 2014, and he admitted
1:20.3	that in a settlement this week. But wait, you ask, how did he get off so easy? Why isn't he doing
1:25.5	jail time? Like the guy who created Beanie Babies? Well, the announcement
1:29.7	of his non-prosecution agreement on Thursday came as prosecutors brought tax charges against Robert
1:36.6	Brockman, a Houston billionaire whose money launched Robert Smith's private equity career in 2000.
1:43.3	Brockman denies the charges against him.
1:45.5	But basically, they indicted Mr. Brockman in a $2 billion personal tax evasion case.
1:52.5	It's the largest of its kind in U.S. history.
1:55.7	And they said that Smith would face no charges for his scheming to evade taxes.
2:00.6	In return, he agreed to cooperate
	...

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