%0 Journal Article %A Michael Keppler %A Xing-Hong Xue %T Remarks on the Calculation of Earnings in the S&P 500 Index %D 2011 %R 10.3905/joi.2011.20.3.015 %J The Journal of Investing %P 15-17 %V 20 %N 3 %X Jeremy J. Siegel questioned Standard & Poor’s methodology regarding the earnings calculation of the S&P 500 Index, arguing that it gave far too much influence to firms with big losses and low market values, and thereby gave a distorted valuation to the S&P 500 Index. While Siegel’s arguments are understandable from an investor’s point of view, his suggestions on how to address the issue are questionable.TOPICS: Mutual funds/passive investing/indexing, statistical methods, security analysis and valuation %U https://joi.pm-research.com/content/iijinvest/20/3/15.full.pdf