Our perspective on global micro event and strategies.
Multiple US companies have now bounded through the previously unpenetrated US$1 trillion market-capitalization ceiling. In our view, the size of these ‘mega-cap’ companies could make future growth more difficult to come by compared to their midsize counterparts. The select group is now made up of four companies — Microsoft, Apple, Amazon, and Google — with an average market cap for the group of US$1.4 trillion. It sounds like a big number, but how much is a trillion dollars?
Although one trillion is already a large market-cap milestone, for investors to continue to make high returns from here, the numbers need to…
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