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If you make 1,000 units of something and self-purchase one of them for $1,000, your asset has a $1,000,000 "market cap". Awesome. In general, very small money movements can dramatically increase or decrease something's market cap.
If an asset has a $1B market cap, it doesn't need $500M worth of capital exiting the asset in order to crash by 50%. That could potentially happen with under $1M of outflow. And conversely on the way up: a $1B market cap doesn't mean people have spent $1B purchasing the asset.
You are absolutely right sir!
That’s the reason I say market cap is a bad measure of a company size. Tesla is larger than GM or Ford, yet it represents a tiny part of the real automotive market.
I've always wondered if there's a term for something like: the total area under the price curve if every stock issued by a company were to change hands once.
Coincidentally saw this earlier: https://www.reddit.com/r/CryptoCurrency/comments/pzgjj9/heres_how_i_turned_001_into_1000000_and_how_you/ … Most seem to think it's a joke and the understanding of market cap (or "personal wealth", see Bernie Sanders) just flies over their heads IIRC Paul Graham had a similar example to create a unicorn with $1 ¯\_(ツ)_/¯
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