In our CFA® Level I and II studies we are trained to see the investment universe through the prism of traditional finance. Traditional finance is built on the premise that on average investors act rationally. In other words, financial market participants act like the Star Trek character, Spock. But look into yourself and look around you. Do we actually behave rationally? Continue reading
Studying to become a Chartered Financial Analyst® usually requires lugging around a lot of books. Stalla Mobile CFA Review contains everything you need to learn every CFA topic — and can even inject some fun and excitement into the daily grind. Continue reading
Is this thing really that bad (i.e. is this another Katrina but in NYC)? Sounds pretty serious on the news here with reports of 375,000 New Yorkers being evacuated. Or is this just the media making a huge deal out of a big rainstorm? Continue reading
CFA Level I Ethics represents 15% of your exam and should be taken very seriously.
Broadly speaking I’d divide Ethics in three parts:
Part 1: Overview of CFAI Professional Conduct Program; overview of Code of Ethics and Standards of Professional Conduct. (I estimate this part to be about 5% of CFA Level I Ethics)
Part 2: Detailed application of the seven standards. (I estimate this to be 85% of CFA Level I Ethics)
Part 3: GIPS (I estimate this to be 10% of CFA Level I Ethics) Continue reading
Alternative Investment is only 3% of the exam but should not be ignored. Even 3% means that you can expect 7 or 8 questions. This is quite a lot considering that you have only one major reading and one small reading uder this topic.
Having said that, you don’t want to spend too much time on this topic at the expense of ‘heavy weights’ like FRA and Ethics.
Hence I suggest that you understand the main points and the practice questions in the Curriculum. If you have time you can do practice questions from other sources too… Continue reading
In the past month I posted 2 articles covering Level I and Level II learnings from the 2012 exams. In this article the key learnings from Level III are covered.
Below is a visual representation of the sample we used for the Level III analysis. Although we had great participation from the 2012 exam, the difference between candidates was so slight that the MPS range this time is fairly large. Continue reading