The following video is part of our "Motley Fool Conversations" series, in which analyst John Reeves and analyst Jason Moser discuss topics across the investing world.

Adam Nash of Greylock Partners recently argued that the Dow would be over 15,000 if Apple was included in the index. He feels that this matters a lot, and he offers up several compelling criticisms of the index. John and Jason discuss this concept, and then offer up their thoughts about the usefulness of the Dow.

Jason Moser has no positions in the stocks mentioned above. John Reeves owns shares of Apple. The Motley Fool owns shares of Apple. Motley Fool newsletter services recommend Apple and General Motors. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.