Unless i am suffering from overconfidence bias, i am highly confident that those 3 topics will have their fair share on the exam (will probably see them in the AM and PM sections):
Concentrated Single-Asset Positions
Currency Management: An Introduction
Those topics are either new or have had some major changes from last year… and for such are not well covered in the previous exams or the mocks (not even scwheser mocks seem to cover concentrated position well enough)…
so what i want to propose is that everyone of us here in the forum who goes through anything that he thinks is something that can be tested on these 3 topics, just put it here on this thread…
I don’t know what you think, but something we read here may save us some very precious points.
I start with the following, the 3 primary objectives of managing concentrated positions:
Create liquidity for spending needs and diversification
Yea - a few years ago it wasn’t anywhere on either section. A guy I work with keeps reminding me, since he completely skipped it in studying and it worked out. I think that’s VERY low probablitly though, especially having happened in the past few years.
OP - didn’t quite get the gist of the thread. You wanna discuss those three you cited, or you’re asking peeps to post topics they think are highly likely to be on there? I’ll add a few though:
They know that you are going to spend extra time studying the newly written chapter (for the reason you mention above). Therefore, they will test it lightly on the 2014 exam and overweight it on the next exam period, 2015, when candidates are over studying the new 2015 material.
from experience of previous levels they don’t necessarily test new or rewritten topics, they probably have just as much chance of coming up as other main topics.
I usually make sure I know the new topics well though as Schweser are lazy and don’t cover them in the practice exams and they don’t know how the topics will be examined so the notes might not be as good as they could be.