Hi ! Just wanted to ask your impression. Do you think because of item set pattern the focus of exam is on some areas more than others. In level 1, you could have all topics even small ones. Best Zerometer
If you mean that you could study a topic for many hours only to find that it is not on the exam, then you are correct.
how do you pronounce your name ? is it zerometer zer-om-et-er . . . like tachometer or zero-meter ze-ro-me-ter . . . like no-meter
Actually I was just revising chapter on return concepts in equity and could not figure out how it will appear on exam. Its not definitely 6 questions worth and even did not show up in one single question in any exams I saw so far.
No its a combination…it means zero + meter …so zero means nothing and meter means e.g. it can run like a taxi meter or sui gas meter or even electricity meter. so it can be very fast as well.
Though in one of the threads today somebody said the vignettes on the exam are less focused than the Schweser ones, so more material gets covered. (I think it was the “confidence” thread). And anyway: We learn for life, not for the CFA. Yeah right.
zerometer Wrote: ------------------------------------------------------- > Actually I was just revising chapter on return > concepts in equity and could not figure out how it > will appear on exam. Its not definitely 6 > questions worth and even did not show up in one > single question in any exams I saw so far. That’s the kick in the nuts. It might be on the exam. Or, it might not be on the exam. At some point, we all have to figure out what minutiae we’ll focus on and hope for the best.
but the return concepts chapter is basic. It is used any time you do anything anywhere else with respect to valuations. So how come it does not show up anywhere?
well in that sense you will find it everywhere…but what i mean is e.g. the disadvantages of four methods of calculating equity risk premium. What are the expectations that while asking FCFE valuation they would just change their case and ask the disadvantage of survey method of calculating equity risk premium. such examples are rare
but does not mean they cannot throw that in as part of a 1/6(er) as X says: Y says and make you do a 2x3 on it…
Some of the CFAI vignettes throw in a random spur just to squeeze some other question in: For example, after a perfectly reasonable vignette that sets you up for 5 derivatives questions, they might tack on: Mary Franks, CFA is also considering quitting cocaine at a personal savings of $12,000 per year.
Ya for instance after five questions on triangular arbitrage they may just ask to critque negative impact of polluting industries