I don't see why it was necessary to make it personal with the "middlebrow" remark. > The only thing wrong with the Dow is the way it's weighted. You are right

I don't see why it was necessary to make it personal with the "middlebrow" remark. > The only thing wrong with the Dow is the way it's weighted. You are right. Price-weighting is indeed unintuitive. Other things wrong with it: * Its name, "Dow Jones Industrial Average". It's far from an average of modern US industry. * It size. 30 companies is a small basket, when we have many alternatives that cover the economy much more comprehensively.