joemontana Wrote: ------------------------------------------------------- > BuffetT vs a hurricane. Who wins? > > The hurricane is named hurricane BuffetT. Fixed it. But if one wishes to evaluate your original question, I believe that the hurricane would win. Especially if it was an outdoor Buffet.
Buffett came out ahead after Katrina, so I’ma bet on him.
joemontana Wrote: ------------------------------------------------------- > timotimo Wrote: > -------------------------------------------------- > ----- > > I can see Buffet encountering the first > question > > that was written by CFAI dickhead and stopping > > dead and walking out. The exam is made by > > dickheads with no idea on how the real world > > works. Buffet will not tolerate that bull shit. > > > A huge chunk of the CFA is FSA. In what areas of > FSA does the curriculum differ from the “real > world?” Does Net Income increase with an increase > in depreciation in the real world? > > What about fixed income? Are bond prices and > rates positively related in the real world? > > ‘Splain. only about 25% of curriculum is actually used, but the point is the exam and the questions don’t really test anything but how to answer trick questions. In the real world you don’t have to memorize anything you have access all the resources. And most of FSA is trash and useless. In the real world companies you will cover as an analyst will give you access to non-public info that CFAI can’t teach since it is and probably will never be released.
Ben Graham acknowledged CFAI in Intelligent Investor. I don’t have the exact quote in front of me, but I do remember that he acknowledged them as a legit organization. Not that I’m adding anything to this discussion.
CPierce Wrote: ------------------------------------------------------- > Ben Graham acknowledged CFAI in Intelligent > Investor. I don’t have the exact quote in front > of me, but I do remember that he acknowledged them > as a legit organization. > > Not that I’m adding anything to this discussion. That is before the CBOK morphed into today’s mumbo jumbo. Security analysis used to be the primary text.
Hell, have you seen the first CFA exam?
CFA is pumped a few times in ‘Inside the House of Money,’ however, it is reccomended more for it’s back-to-basics material, not a way of life.
Chuck Norris could pass all three levels without reading the books. He would then round-house kick Buffet, Ben Graham and Nuppal into the Sun.
Why the hell would anyone assume that buffet cares about GIPS, violations in using the CFA designation and all the random formulas cfai makes us memorise ? It’s impossible for anyone to know all this without studying it.
The answer is no, he definitely could not pass without studying. Buffet is a real investor, and hence has limited reason to practice what is in the CFA curriculum. I just lol’d at the thought of Buffet worrying about GIPS, for example.
hillary scott could pass all 3 with some studying.
Ben Graham advocated the creation of the CFA. Ben Graham taught Warren Buffet. Ergo Ben Graham taught Buffett the CFA. 1936 style or whatever, but Buffett is ‘the son of CFA’. Of course he would walk it. No study, no TI BA II Plus and only one pencil. Munger, don’t know about him. Probably a brother from a different mother. Marginal fail, top 10% band. Get through level 1 it on the third try (luck takes over eventually, just go for C.
Muddahudda Wrote: ------------------------------------------------------- > Ben Graham advocated the creation of the CFA. Ben > Graham taught Warren Buffet. Ergo Ben Graham > taught Buffett the CFA. 1936 style or whatever, > but Buffett is ‘the son of CFA’. Of course he > would walk it. No study, no TI BA II Plus and only > one pencil. Munger, don’t know about him. Probably > a brother from a different mother. Marginal fail, > top 10% band. Get through level 1 it on the third > try (luck takes over eventually, just go for C. Hahhaah
sparty419 Wrote: ------------------------------------------------------- > I was just having a thought, since Warren Buffet, > Charles Munger et all are some of the worlds most > famous investors… If you were a natural why would you need CFA.
just in case you perverts don’t know, Buffet was a top student of Ben Graham’s. in addition, buffet was a top student who didn’t even have to try all that hard to obtain great grades. people don’t mention this but its true. the fact you even question whether a genius like buffet can pass some trivial tests is beyond me. lets face it guys, the exam is difficult for us mere mortals, but to the Gods, its really a joke.
Go read Snowball. He would destroy all 3 levels. The man is an obsessive genius-freak. He does not clock out. Ever. Everything CFA is his life. For any given paragraph, in any of the material ever published by CFAI, he can probably cite at least 5 references to it in news or academic papers from memory. Despite disapproving of many of the theories/formulas dear to CFAI, he understands them completely.
its funny how ppl would even pose this question… you think floyd mayweather can run 10 miles? how about hillary scott being able to handle 3 of you weiners at the same time?
Note to Self: Don’t Google “Hillary Scott” at work. 2nd Note to Self: Compile a list of “adult” actresses (while at home) to avoid another Hillary Scott incident at work.
dlpicket Wrote: ------------------------------------------------------- > Go read Snowball. > > He would destroy all 3 levels. > > The man is an obsessive genius-freak. > > He does not clock out. Ever. Everything CFA is his > life. For any given paragraph, in any of the > material ever published by CFAI, he can probably > cite at least 5 references to it in news or > academic papers from memory. Despite disapproving > of many of the theories/formulas dear to CFAI, he > understands them completely. Self-admitted Buffett fanboy here. Read a whole bunch of books on him, all the annual reports, compendiums of the annual reports, etc. Still haven’t read “Snowball” yet, though. Is it a lot better than Lowenstein’s “Buffett: Making of an American Capitalist”?