§ 01
AAPL — Apple Market Cap, Share Price. Open AAPL on the Ledge to see current values.
§ 02
| Category | Market Cap | Characteristics |
|---|---|---|
| Large-cap | Over $10 billion | Stable, well-researched, lower volatility (e.g., Apple, Microsoft) |
| Mid-cap | $2B - $10B | Established but still growing, often acquisition targets |
| Small-cap | Under $2B | Higher growth potential but higher risk of failure |
§ 03
Conventions vary. Oxford Ledge uses a 5-tier scheme internally: Mega ≥ $200B, Large $10-200B, Mid $2-10B, Small $300M-$2B, Micro < $300M. MSCI and S&P use slightly different cutoffs. The 3-tier table above is the most common public framing.
§ 04
Small-cap stocks historically deliver higher returns on average, but with much greater volatility. A biotech startup might rise 500% or go to zero. Microsoft is unlikely to do either.
§ 05
Use the **Screener** to filter by market cap. Sort descending to see the largest companies, then ascending to see the smallest.
§ 06
Which market cap category is most likely to be an acquisition target by a larger company?
§ 07
Five questions · AI feedback
Sit with the ideas.
Which type of company is most likely to double in value over 5 years, but also most likely to go bankrupt?
Why: