“Every investment is the discounted value of all future cash flow.”

Billionaire investor Warren Buffett states that he doesn’t care if a company market capitalization is large cap, middle, small or micro cap. It makes no difference. See’s Candy at $25M was micro when he bought it.

The only questions that matter when investing are:

1. Does he understand the business
2. Does he like and trust the people running it
3. Is the price attractive

Buffett’s focus has never been on market cap size—it’s about quality, trust, and value. Whether it’s a $25M candy shop or a $25B insurer, the playbook stays the same: understand it, trust the team, and don’t overpay.

Market cap is a label. Fundamentals are the substance. Every investment should pass those 3 filters.