"The Dow is dumb! Calculating a price-weighted average of a small arbitrary group of stocks is no way to go through life, son, and no one should care if that av

"The Dow is dumb! Calculating a price-weighted average of a small arbitrary group of stocks is no way to go through life, son, and no one should care if that average reaches 20,000." - Matt Levine from https://www.bloomberg.com/view/articles/2017-01-11/insider-trading-and-theoretical-indexes https://www.bloomberg.com/view/articles/2017-01-11/insider-t...