3 ms·
Index funds didn't exist until 1975 while the Dow was formed in 1896. So I suppose it didn't really matter if the Dow was tracking things well, it wouldn't hav
by staticman2 2y ago
Index funds didn't exist until 1975 while the Dow was formed in 1896. So I suppose it didn't really matter if the Dow was tracking things well, it wouldn't have impacted your investments.
- dredmorbius 2y agoIt was still useful to have a general idea of how stock markets were valued, particularly in light of the events on and about 29 October 1929, a/k/a Black Tuesday. Valuation of equities markets themselves has a profound impact on the monetary and financial systems as a whole. On which point, John K. Galbraith's The Great Crash: 1929 (1954) remains an excellent history of those events (and notes the DJIA's value frequently), as well as a general primer on equities and investments, and how they may go wrong.