Market Cap Game Show: The King-Sharon Rule Debuts

**David Gardner** (0:00)
The price per share of a stock tells you almost nothing. It's one number, but how many shares exist?
In math, you multiply two factors, price times shares outstanding. Without the second, you can't do meaningful math or understand much of the market. Fools with a capital F know that price times shares equals market capitalization, a company's actual price tag. To make that lesson stick, we invented a game. On August 9th, 2017, the Market Cap Game Show was born and we've played it every quarter since. You're playing too against my guest stars, against your spouse, your kids. Can you outscore my talented contestants? It's that time again, 10 new stocks, three guest stars, longtime Motley Fool advisors and investors, Charly Travers and Jason Moser and you.
Only on this week's Rule Breaker Investing.

**SPEAKER_2** (0:59)
It's the Rule Breaker Investing podcast with Motley Fool co-founder, David Gardner.

**David Gardner** (1:08)
Welcome back to Rule Breaker Investing. This is the Market Cap Game Show, played here in June 2026 for, who's counting the 42nd time. Joining me this week are Charly Travers and Jason Moser, two longtime Motley Fool advisors, stock pickers, fellow fools. Charly and Jason will be competing for a seat in our March Market Cap Madness Final Four. Joining in to compete against returning world champion, Emily Flippen come next March. And of course the third player and to us, the most important is you. That's right, you are dear fellow foolish listeners. So just a quick reminder to you as we play along, the Market Cap is a simple way to measure the value of stocks of public companies you simply multiply. Today's share price, by that number of shares outstanding and that gives you the Market Cap. These days Market Caps range from $4 trillion at the high end companies like NVIDIA and Apple right down to, well, it can be quite a low number in some cases. And no spoilers, we might have some of those today. As my producer Bart begins to crank up our signature Market Cap game show music, let me just remind especially new listeners, new players, how our game works. So I'll be mentioning a stock.
Neither Charly nor Jason knows what stock is coming. I'll turn to one of them and ask that fool to state a numerical range within which the Market Cap falls, his best estimate.
The other contestant and you playing at home will simply say, I agree, meaning it's accurate. The stock's value falls inside that range. Or I disagree, I think it's outside that stated range. You simply agree or disagree, and if you get it right, give yourself a plus one.
That's the Market Cap game show. We're focused on the real market caps of real stocks. Nobody knows the next stock that's coming. A perfect score would be 10
Except, gentlemen, first of all, Charly, Jason, welcome.

**Charly Travers** (3:09)
Thank you, David.

**Jason Moser** (3:10)
Thanks so much.

**David Gardner** (3:11)
Except we have a new rule.
So just a few months ago on the mailbag of this show, we added a rule that I intend to be a permanent addition to the market cap game show, which itself has evolved many times now over almost 10 years. So we're calling this our brand spanking new King-Sharon Rule. And that's because Russ King and Walter Sharon separately, I don't think these gentlemen know each other, both wrote into the podcast and said, this would make it a better game. And so here is our King-Sharon Rule. And players at home, you're playing along with this as well. So listen up, if you say outside the range, and you want to further contend that it's outside because it's higher, or it's outside because it's lower, you may now take that extra risk. What you do is you say, I think it's outside that range, and I'm going to say it's higher. And what you're doing is you're betting an extra half point on that risky assertion.
You don't have to do it. You could just sit there and say, hey, it's outside that range. And if you're right, you get a point. But if you are confident, you think it's well higher or well lower, then by stating that, we will give you an extra half point when you're right. And players at home, that is true of you too. It's the King Sharon Rule debuting on this June 2026 Market Cap Game Show. If you disagree, you can simply say outside the range. Or if you're feeling confident, call higher or lower for a chance at an extra half point. Jason, you've played this game once before. We did not do this a year ago, this very month when you last played. Are you excited about the King Sharon Rule?