The Dow Jones Industrial Average (^DJI) has been hated on by investors for years. Most believe it is inferior to the S&P 500 Index (^GSPC) due to its price weighting formulation as opposed to market capitalization weighting, the fact that it only consists of 30 as opposed to 500 stocks, and until just recently it didn’t even hold the largest company in the world, Apple (AAPL) in it, just to name a few.
But for all its flaws it was shocking to me to see a comparison of the Dow's performance to that of the S&P 500 over different time frames. Continue reading "Did You Know the Dow Jones Has Crushed the S&P 500 Over The Past 30 Years"
