OK, so we figured out what the fox actually says ages ago, but have you ever stopped to consider what the Dow is meant to do? Spoiler alert: It's not designed to mirror the American stock market. The index is also not looking for the most attractive investment opportunities, or else ExxonMobil (NYSE: XOM ) and AT&T (NYSE: T ) might have been dropped from the Dow already.
In the video below, Fool analyst Anders Bylund mercifully avoids singing about the mysterious fox. Instead, he's explaining what the Dow really was designed to do and how astute investors can use it as a research resource.
Is this big bank simply too good for the Dow?
Many investors are terrified about investing in big banking stocks after the crash, but the sector has one notable stand-out. In a sea of mismanaged and dangerous peers, it rises above as "The Only Big Bank Built to Last." And you know what? It's actually not a Dow Jones component, nor has it ever been! You can uncover the top pick that Warren Buffett loves in The Motley Fool's new report. It's free, so click here to access it now.