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Talk Your Book: The People's Index

Animal Spirits Podcast

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Understanding the Dow: Past and Present

This chapter explores the historical context and evolution of the Dow Jones Industrial Average, initially highlighting its original composition in 1896. The discussion contrasts the Dow's price-weighted method with the S&P 500's market cap weighting, emphasizing the implications of sector concentration and stock selection. Additionally, it addresses the cultural significance of the Dow and how it affects investor perceptions and strategies today.

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