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.

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This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.