Wiley FRM Part I exam review
I would like to comment on the quality of the editing and the fact that there are so many mistakes.
Reading the books is just a minefield of mistakes and non sequiturs.
I had enough at the following and I’ve decided to post this here.
I will not study anymore using the Wiley books because, frankly, I don’t trust them.
Please find below a link to page 73 of volume 1 of the Wiley FRM Part I exam review
The worrying part is that this is not a simple typo, it is intended to say third and the remaining portion builds on that:
“Remember how the kurtosis of a distribution is the third (sic) moment? Well, a kurtosis value of 3 (…) has zero kurtosis or no flatter or fatter tails than a symmetric normal distributions [..].”
Thank god I had already read the official books and I was simply going over the printed Wiley notes for revision but after some of the CAPM/APT errors and this, I’m just not reading anymore.