Berkshire Hathaway Inc (BRK.B)

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"A Modest Plea for a Better Index"

"For most investors, the stock market, as they know it, is the Dow Jones (INDEX: ^DJI) and the S&P 500 (INDEX: ^GSPC). For the media, the two represent everything. How's the market doing? Better cite the Dow or the S&P.

"It's unfortunate, really. Both indexes that we've come to obsess over have flaws. The Dow weights its components by share price, giving IBM (NYSE: IBM) 22 times the weight of Bank of America (NYSE: BAC). No one I know has ever rationalized this practice. The S&P is weighted by market cap, which makes more sense, but often skews it toward the market's most overvalued companies.

Yet, both share a more glaring defect: They don't include dividends."

https://www.fool.com/investing/general/2012/09/20/a-modest-plea-for-a-better-index.aspx