CFAI questions are very clever

Regardless of how you feel about the exam, you have to give some measure of credit to CFAI for the way they test the material. There were a few questions on subjects that I always thought would always be gimmies, but they really made you work for them. I’m in favour of this, as I feel it is an advantage to the more well prepared candidate- i.e. you understand the concept rather than just a calcuation.