Where Did the Small Caps Go?

Where Did the Small Caps Go?

From Simple, but Not Easy by Morningstar

October 30, 2025 · 32 min · Episode 126

About this episode

The episode discusses the changing landscape of small companies going public and the impact on investors.

It used to be simple: small companies went public, grew, and investors participated along the way. Today, companies stay private longer, and private markets have claimed many opportunities that once lived in public stocks. Historically a source of some of the strongest market returns, small caps have shred that reputation. The question becomes: Where did the small caps go? Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

People in this episode

Host: Simplecast

Topics covered

  • small caps
  • public markets
  • private markets
  • investing
  • market returns

Keywords

  • small caps
  • public companies
  • private markets
  • market returns
  • investing

Mentioned in this episode

Organizations: Simplecast, AdsWizz, Morningstar

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