Because I want a strong “foundation” from which to understand finance deeply - instead of kidding myself and fooling others that I know anything about finance because of the school I went to or the narrow field of work I have experience in.
Presentations and other soft skills bullsh!t of a typical MBA won’t provide me that.
Because I wanted to learn how to manage a portfolio and evaluate securities, but didn’t want to go back to school get an MBA (too many years of schooling thus far). The credibility factor for changing careers was important too, since I was too old for most entry level gigs. By the time I was studying for L2, I also just wanted to do it because I’d started and I wanted to get to the finish line.
You want a quote? Haven’t I written enough already???
bchadwick Wrote:
——————————————————-
> Because I wanted to learn how to manage a
> portfolio and evaluate securities, but didn’t want
> to go back to school get an MBA (too many years of
> schooling thus far). The credibility factor for
> changing careers was important too, since I was
> too old for most entry level gigs. By the time I
> was studying for L2, I also just wanted to do it
> because I’d started and I wanted to get to the
> finish line.
bchadwick saying pretty much what I’m saying but without the edge, hahahaha
My friends, this is a perfect description of how an INTJ like myself approaches something compared to an INTP like bchadwick.
INTJ: F-this, F-that, this sucks, that sucks.
INTP: This has its merits, that has its merits, let’s consider this, let’s consider that.
The challenge is that INTP has trouble pulling the trigger on investments, whereas INTJ doesn’t have that problem.
However, I think it’s time to increase my gold exposure, get some market risk back (but Russell 3000, Russell 2000, or Russel 1000??), and cancel the idea of getting out of TIP.
You want a quote? Haven’t I written enough already???
I think that an INTJ is better for short-term, time crucial, quick-decision-based TRADING,
whereas an INTP is better for long-term, time “irrelevant”, and deeply analyzed INVESTING.
INTPs/INTJs are probably better at CFA and analysis/research type finance, whereas ENTJs are better at the more people oriented and dealmaking finance.
When I went to sign up for the juggling class at my local rec center it was full, a laid off clown in the same boat as me suggested I try the CFA exams instead.
INTJs rule! At least that’s what I was thinking as I sat at home watching Deer Hunter after my wife and son went to bed on Saturday.
I spend a lot of my time there these days. There are some ridiculously smart people there of all personality types (mostly INTJs though) and fields, and you’ll feel you can identify extremely well with a lot of them.
My friend thought he was smarter just because he did a 3 level multiple choice exams while I had an MBA from a top business school.
I decided to do the test just to prove that CFA is not as hard as people think and also not to waste time participating in CFA/MBA debate with people who do not qualify for one of them, at least in the business school I went.
sublimity Wrote:
——————————————————-
> bchadwick Wrote:
> ————————————————–
> —–
> > Because I wanted to learn how to manage a
> > portfolio and evaluate securities, but didn’t
> want
> > to go back to school get an MBA (too many years
> of
> > schooling thus far). The credibility factor
> for
> > changing careers was important too, since I was
> > too old for most entry level gigs. By the time
> I
> > was studying for L2, I also just wanted to do
> it
> > because I’d started and I wanted to get to the
> > finish line.
>
> bchadwick saying pretty much what I’m saying but
> without the edge, hahahaha
>
> My friends, this is a perfect description of how
> an INTJ like myself approaches something compared
> to an INTP like bchadwick.
> INTJ: F-this, F-that, this sucks, that sucks.
> INTP: This has its merits, that has its merits,
> let’s consider this, let’s consider that.
>
> You are the man, bchadwick. :)
apparently “ads by Google” thinks you guys are losers
“Introvert = Loser
Being Yourself is Not the Solution It’s the Problem. Learn to Change”
I think I am a combination of the two “e” and “i” types so I will split the difference and create my own new type called “G”, or more precisely “Giggin’ ”
Giggin, which means (according to urban dictionary dot com) “to go stupid dumb on the dance floor” or alternatively “when you start convulsing after poppin E tooo much and it starts to look like you’re dancing.” Either one works for me….
oh I want the Charter so I go stupid dumb on the trading floor…
sublimity Wrote:
——————————————————-
> bchadwick Wrote:
> ————————————————–
> —–
> > Because I wanted to learn how to manage a
> > portfolio and evaluate securities, but didn’t
> want
> > to go back to school get an MBA (too many years
> of
> > schooling thus far). The credibility factor
> for
> > changing careers was important too, since I was
> > too old for most entry level gigs. By the time
> I
> > was studying for L2, I also just wanted to do
> it
> > because I’d started and I wanted to get to the
> > finish line.
>
> bchadwick saying pretty much what I’m saying but
> without the edge, hahahaha
>
> My friends, this is a perfect description of how
> an INTJ like myself approaches something compared
> to an INTP like bchadwick.
> INTJ: F-this, F-that, this sucks, that sucks.
> INTP: This has its merits, that has its merits,
> let’s consider this, let’s consider that.
>
> You are the man, bchadwick. :)
apparently “ads by Google” thinks you guys are losers
“Introvert = Loser
Being Yourself is Not the Solution It’s the Problem. Learn to Change”
I think I am a combination of the two “e” and “i” types so I will split the difference and create my own new type called “G”, or more precisely “Giggin’ ”
Giggin, which means (according to urban dictionary dot com) “to go stupid dumb on the dance floor” or alternatively “when you start convulsing after poppin E tooo much and it starts to look like you’re dancing.” Either one works for me….
oh I want the Charter so I can go stupid dumb on the trading floor…
What’s the point of being an extrovert if over ~84% of the world’s population has an IQ below 115?
I mean, I’d rather sit in a corner by myself for hours on end than deal with 10 non-loser fxguy1234s because chances are, I’m much smarter than you and you would bore the hell out of me.
Also, the charter would not benefit traders as much as analysts or portfolio managers. In fact, I would bet that the knowledge gained by the charter would almost be irrelevant to the skill set that allows traders to excel.
CFA really does seem geared for training fundamental analysts. There’s almost no discussion about technical analysis, except a few pages in L1, and after that, almost all the trading discussion is about transactions costs. There’s not enough quant work in the CFA to do quantitative portfolio management or very much risk management. So, what’s left is fundamental analysis, which, admittedly, is probably the most commonly practiced investment method (per number of analysts) at buyside shops.
I’m not too surprised about the technical analysis stuff. One can go elsewhere to learn TA.
I am surprised that there isn’t a better connection between the valuation analysis and the portfolio construction parts of the curriculum. I mean that there are hundreds of pages of stuff on how to figure out what the stock price should be so that you can decide if it’s overpriced or underpriced, but when it comes time to construct a portfolio, what you need is an expected total return, and there’s no real way to turn “overpriced / underpriced” decisions into expected return decisions without doing something like arbitrarily deciding how long it will take a stock to converge to its intrinsic value and computing an IRR (and even that method wasn’t discussed in the curriculum, IIRC).
It’s like they said 1) here’s how to compute intrinsic value, do multiples, compute a DDM, etc.., 2) here’s how to construct an optimal portfolio, but 3) we’re not going to give you the link between parts (1) and (2). If you’re thinking of the entire process from selection to construction, it’s a gap a mile wide. I think fundamental shops must just use equally weighted portfolios of their fundamental picks, or do some kind of optimization assuming historic returns and just hope that mispricings from intrinsic value show up as some kind of alpha.
You want a quote? Haven’t I written enough already???
Career Growth
Knowledge
Money
4. Knowledge
How could you have forgotten this from your list?!
To get a job?
I’ll take it if someone gives it to me for free
Career Coach -- www.linkedin.com/in/numicareerconsulting
How to Break Into Equity Research -- www.mergersandinquisitions.com/equity-research-recruiting
sex appeal
There are only two tragedies in life: one is not getting what one wants, and the other is getting it - Oscar Wilde
Studying With
Because I need something to put in the gigantic frame in my basement.
Because I want a strong “foundation” from which to understand finance deeply - instead of kidding myself and fooling others that I know anything about finance because of the school I went to or the narrow field of work I have experience in.
Presentations and other soft skills bullsh!t of a typical MBA won’t provide me that.
wanderingcfa Wrote:
——————————————————-
> Because I need something to put in the gigantic
> frame in my basement.
: )
Because I wanted to learn how to manage a portfolio and evaluate securities, but didn’t want to go back to school get an MBA (too many years of schooling thus far). The credibility factor for changing careers was important too, since I was too old for most entry level gigs. By the time I was studying for L2, I also just wanted to do it because I’d started and I wanted to get to the finish line.
You want a quote? Haven’t I written enough already???
Challenge
Knowledge
Sense of curiousity how other fields of finance work
Don’t you automatically get into the P-Diddy white parties if you have it? Thats why I’m doing it.
note: just because it doesn't make sense doesn't mean that it's not merry.
I just figured the charter would make my biceps grow
bchadwick Wrote:
——————————————————-
> Because I wanted to learn how to manage a
> portfolio and evaluate securities, but didn’t want
> to go back to school get an MBA (too many years of
> schooling thus far). The credibility factor for
> changing careers was important too, since I was
> too old for most entry level gigs. By the time I
> was studying for L2, I also just wanted to do it
> because I’d started and I wanted to get to the
> finish line.
bchadwick saying pretty much what I’m saying but without the edge, hahahaha
My friends, this is a perfect description of how an INTJ like myself approaches something compared to an INTP like bchadwick.
INTJ: F-this, F-that, this sucks, that sucks.
INTP: This has its merits, that has its merits, let’s consider this, let’s consider that.
You are the man, bchadwick. :)
The challenge is that INTP has trouble pulling the trigger on investments, whereas INTJ doesn’t have that problem.
However, I think it’s time to increase my gold exposure, get some market risk back (but Russell 3000, Russell 2000, or Russel 1000??), and cancel the idea of getting out of TIP.
You want a quote? Haven’t I written enough already???
I think that an INTJ is better for short-term, time crucial, quick-decision-based TRADING,
whereas an INTP is better for long-term, time “irrelevant”, and deeply analyzed INVESTING.
INTPs/INTJs are probably better at CFA and analysis/research type finance, whereas ENTJs are better at the more people oriented and dealmaking finance.
When I went to sign up for the juggling class at my local rec center it was full, a laid off clown in the same boat as me suggested I try the CFA exams instead.
INTJs rule! At least that’s what I was thinking as I sat at home watching Deer Hunter after my wife and son went to bed on Saturday.
INTJs rule(!)…kingdoms of 5 people MAX. :)
I haven’t decided whether it’s because I want to improve myself and my career prospects or whether I just like pain. JK.
1 - Knowledge
2 - Personal Growth
3 - Credibility
4 - Money
5 - Young enough to get away with studying all of the time
I’m an INTJ as well.
For Bankin’, JensenalphaMale, and other INTJs, check out:
http://intjforum.com/
I spend a lot of my time there these days. There are some ridiculously smart people there of all personality types (mostly INTJs though) and fields, and you’ll feel you can identify extremely well with a lot of them.
Because I had to wait 2 years before starting an MBA program…so I said what the heck. Not sure when/if I’ll ever take level 3.
Gents gents gents,
Let’s be perfectly honest here:
1. It has the word “Chartered” it in.
2. The diploma kicks ARSE.
3. Chicks dig guys with the CFA.
Willy
WillyR Wrote:
——————————————————-
> 3. Chicks dig guys with the CFA.
>
That is questionable.
And what of guys? Do they dig chicks with the CFA designation?
My friend thought he was smarter just because he did a 3 level multiple choice exams while I had an MBA from a top business school.
I decided to do the test just to prove that CFA is not as hard as people think and also not to waste time participating in CFA/MBA debate with people who do not qualify for one of them, at least in the business school I went.
Studying With
WillyR Wrote:
——————————————————-
> 3. Chicks dig guys with the CFA.
>
> Willy
I’ll tell you why I want the CFA: two chicks at the same time, man.
I always wanted to do that. And I think if I finally get my CFA I could hook that up, too; ‘cause chicks dig dudes with the CFA.
-
sublimity Wrote:
——————————————————-
> bchadwick Wrote:
> ————————————————–
> —–
> > Because I wanted to learn how to manage a
> > portfolio and evaluate securities, but didn’t
> want
> > to go back to school get an MBA (too many years
> of
> > schooling thus far). The credibility factor
> for
> > changing careers was important too, since I was
> > too old for most entry level gigs. By the time
> I
> > was studying for L2, I also just wanted to do
> it
> > because I’d started and I wanted to get to the
> > finish line.
>
> bchadwick saying pretty much what I’m saying but
> without the edge, hahahaha
>
> My friends, this is a perfect description of how
> an INTJ like myself approaches something compared
> to an INTP like bchadwick.
> INTJ: F-this, F-that, this sucks, that sucks.
> INTP: This has its merits, that has its merits,
> let’s consider this, let’s consider that.
>
> You are the man, bchadwick. :)
apparently “ads by Google” thinks you guys are losers
“Introvert = Loser
Being Yourself is Not the Solution It’s the Problem. Learn to Change”
I think I am a combination of the two “e” and “i” types so I will split the difference and create my own new type called “G”, or more precisely “Giggin’ ”
Giggin, which means (according to urban dictionary dot com) “to go stupid dumb on the dance floor” or alternatively “when you start convulsing after poppin E tooo much and it starts to look like you’re dancing.” Either one works for me….
oh I want the Charter so I go stupid dumb on the trading floor…
sublimity Wrote:
——————————————————-
> bchadwick Wrote:
> ————————————————–
> —–
> > Because I wanted to learn how to manage a
> > portfolio and evaluate securities, but didn’t
> want
> > to go back to school get an MBA (too many years
> of
> > schooling thus far). The credibility factor
> for
> > changing careers was important too, since I was
> > too old for most entry level gigs. By the time
> I
> > was studying for L2, I also just wanted to do
> it
> > because I’d started and I wanted to get to the
> > finish line.
>
> bchadwick saying pretty much what I’m saying but
> without the edge, hahahaha
>
> My friends, this is a perfect description of how
> an INTJ like myself approaches something compared
> to an INTP like bchadwick.
> INTJ: F-this, F-that, this sucks, that sucks.
> INTP: This has its merits, that has its merits,
> let’s consider this, let’s consider that.
>
> You are the man, bchadwick. :)
apparently “ads by Google” thinks you guys are losers
“Introvert = Loser
Being Yourself is Not the Solution It’s the Problem. Learn to Change”
I think I am a combination of the two “e” and “i” types so I will split the difference and create my own new type called “G”, or more precisely “Giggin’ ”
Giggin, which means (according to urban dictionary dot com) “to go stupid dumb on the dance floor” or alternatively “when you start convulsing after poppin E tooo much and it starts to look like you’re dancing.” Either one works for me….
oh I want the Charter so I can go stupid dumb on the trading floor…
What’s the point of being an extrovert if over ~84% of the world’s population has an IQ below 115?
I mean, I’d rather sit in a corner by myself for hours on end than deal with 10 non-loser fxguy1234s because chances are, I’m much smarter than you and you would bore the hell out of me.
Also, the charter would not benefit traders as much as analysts or portfolio managers. In fact, I would bet that the knowledge gained by the charter would almost be irrelevant to the skill set that allows traders to excel.
CFA really does seem geared for training fundamental analysts. There’s almost no discussion about technical analysis, except a few pages in L1, and after that, almost all the trading discussion is about transactions costs. There’s not enough quant work in the CFA to do quantitative portfolio management or very much risk management. So, what’s left is fundamental analysis, which, admittedly, is probably the most commonly practiced investment method (per number of analysts) at buyside shops.
I’m not too surprised about the technical analysis stuff. One can go elsewhere to learn TA.
I am surprised that there isn’t a better connection between the valuation analysis and the portfolio construction parts of the curriculum. I mean that there are hundreds of pages of stuff on how to figure out what the stock price should be so that you can decide if it’s overpriced or underpriced, but when it comes time to construct a portfolio, what you need is an expected total return, and there’s no real way to turn “overpriced / underpriced” decisions into expected return decisions without doing something like arbitrarily deciding how long it will take a stock to converge to its intrinsic value and computing an IRR (and even that method wasn’t discussed in the curriculum, IIRC).
It’s like they said 1) here’s how to compute intrinsic value, do multiples, compute a DDM, etc.., 2) here’s how to construct an optimal portfolio, but 3) we’re not going to give you the link between parts (1) and (2). If you’re thinking of the entire process from selection to construction, it’s a gap a mile wide. I think fundamental shops must just use equally weighted portfolios of their fundamental picks, or do some kind of optimization assuming historic returns and just hope that mispricings from intrinsic value show up as some kind of alpha.
You want a quote? Haven’t I written enough already???
Pages