The Construction of the Dow Jones Industrial Average Is Dumb
Doug Kass
on
June 24, 2026
Remember this post when @joesquawk quotes the DJIA over the S&P:
The Dow Jones might be the dumbest index ever created
— Q-Cap (@qcapital2020) June 23, 2026
A price-weighted index in 2026? Seriously?
UnitedHealth carries 2x the weight of Nvidia simply because its stock price is higher lol
Room-temperature IQ methodology https://t.co/3SHnlPim7i pic.twitter.com/UpxmTX89uh
Position: None
- Category: Daily Diary
Posted by Doug Kass
Doug Kass is a world-renowned hedge fund manager with decades of experience and success navigating through some of the most turbulent periods in market history. He is known for his time-tested analytical skills and ability to look past the current noise and herd mentality. On TheStreet Pro, Kass provides frequent market commentary and investing ideas for active investors throughout each trading day in Doug’s Daily Diary. He also serves as president of Seabreeze Partners Management Inc. Previously, he served as a senior manager at Omega Advisors, a $6 billion investment partnership. He co-authored a book with Ralph Nader and the Center for the Study of Responsive Law called “Citibank: The Ralph Nader Report” and can be found as a guest host on CNBC's "Squawk Box." A Note from Doug: Current strategies and actionable trade ideas -- all on one dynamic platform built exclusively for active trades. From sudden sell-offs to sudden spikes, TheStreet Pro arms you with crucial analysis -- at a rapid fire, professional pace -- to help you make sound trading decisions -- every day, every hour, and every minute. Join me and my team of professional traders for unique perspectives and breakthrough investment opportunities.