Give The Dow Some Respect

MarketFoolery

The Motley Fool

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4.7 • 1.7K Ratings

🗓️ 23 December 2015

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

Morgan Housel shares how diversification is easy for investors to come by, even with just the Dow Jones Industrial Average of 30 stocks. Plus we discuss why buybacks play a huge role in the market’s performance and why oil is the industry to watch in 2016.

Transcript

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0:00.0	It's Wednesday, December 23rd.
0:03.7	Welcome to the market foolery.
0:05.0	I'm Chris Hill joining me in studio today,
0:06.9	the one and only Morgan Housele.
0:08.9	Happy Wednesday to you.
0:11.1	You're a little speechless.
0:12.2	A little bit. Why's that? Well,
0:15.0	Dan Boyd threatened you. Our very nice producer Dan Boyd, he and I have a love-hate
0:19.8	relationship and it leans towards hate sometimes.
0:24.0	No, that's not true.
0:25.0	That's not true.
0:26.0	We were teasing each other.
0:28.0	Just a little messing around before we began here.
0:30.0	Teasing each other before the show.
0:32.0	I've said this before, that one of the reasons for someone to be on Twitter is so that they can
0:39.5	follow you.
0:42.1	And I want to talk about something that you had tweeted out this morning having to do with diversification.
0:48.0	I'm now just realizing I want to talk about a chart that you treated out.
0:52.0	So yeah, charts don't necessarily make for great audio.
0:55.0	But it was pretty interesting because it was basically a chart comparing
1:00.3	the Dow average, the Dow Jones industrial average, which is made up of just 30 stocks
1:05.4	comparing that to the total market average. Yeah, the Vanguard total stock market index which has almost 4,000 stocks and the S&P 500 which is
	...

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