I am wondering how much CFA candidates really learn (irrespective of which books they follow while preperation) by doing only the CFA program. Because the instruction is ‘passive’ through text books how much do we really know that we think we know.
For example, certain asset allocation models. Just reading about portfolio optimization is totally different from doing it say in MsExcel or a statistical software.
In B-schools, for comparison, more than reading plain material, you start working it out and simulate models in excel. The CFA candidate don’t get to do such things. I am not saying he is prevented from doing, but unless he knows these things could be done, and need to be done to get the edge over others, will he do it?
My questions are
1. Do you really go out to experiment and learn apart from just reading just the CFA books?
2. Do coaching institutes that you attend encourage you to do or their faculty demonstrate such techniques while teaching?
3. Do you think CFA institute must bring out CDs or online files to explain practical concepts - say a monte carlo simulation or a bond immunization or pv01 technique - however limited those exercises could be?
Eager to get responses..