and why is this being tested? *cough* bullsht
in what context?
its in schweser exam 2 afternoon. its something to do with ethics.
i cant find this in schweser or the official texts.
Some Schweser exam writer is having some fun.
I think what happened is that the circumstance depicted in that bs questions actually happened to the guy who wrote the question. He was subsequently fired, stripped of his designation, and could only find a job as a Schweser question pusher.
Heed his warning, at the company cookout, keep your hands off the sexy stews.
I bombed 2/6 on that question today! I think I should have done better in retrospect, despite not knowing what a moral absolute is.
some of those schweser questions are lame. there is a difference between hard and ridiculous, and sometimes it seems like they cross the line. i guess its good to take the hardest exams possible, but im not too worried about missing some bs question like that.
yeah i remember this question, how ridiculous
also, the other half of this question was so grey too. by getting drunk at a party and making friendly jokes about his firm making mistakes is he breaking the code of ethics.
I mean ‘act with integrity, diligence, respect’ is so subjective.
the other one that annoyed me was about jochaim or whatever who sat on the board of that pharma company. i mean seriously, we all know the answer was B, dont try to convince me it was C – that didnt even make any sense.
what good is a code and standards if i can read it SIX TIMES IN DETAIL (2x per test) AND DO HUNDREDS OF PRACTICE QUESTIONS and still have a hard time picking the right answer to some of the questions. seriously.
In my L1 and L2 experience, I got a lot more out of doing
1) The text questions (from the AIMR/CFAI books)
2) All of the purchased exams
3) Any old exams I could get my hands on.
I have always bought the Schweser books, but rarely have I more than cracked them.
I think going to the source is at least 2 standard deviations better. Peruse the Schweser material, but KNOW the source material (and I consider 1-3 above to be source).
The only exception was anything John Harris wrote in terms of practice questions for L1 and L2.
That’s my $.02
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