So i’m on Ch 33 and took a little break to see what I’m up against next… and … book 4 looks serious! I know it’s 20-30% of the material but I was wondering whether it’s as tough as it looks. For those who have completed the equity section, how bad was it relative to the other topics? ( I actually thought book 3 was a breeze compared to everything else)
Am left with last 3 chapters (and they seem easy) in Equity …so far there has been nothing to worry about…i think even FRA looks a bit easier compared to last year… Am more worried about quant / FI / Derivatives…
For me the equity section was the most easy. I found second SS of FI a bit tough.
equity is not hard although last year questions threw me off. I actually suspected that there was something wrong with one of the questions! :-/
They can make any section of the exam hard. But some sections are just harder to learn and prepare for. Lesson be prepared for difficult questions in any section.
No one chapter in Equity is all that hard – a lot of concepts repeat. But the books just wears you down – the last Study Session in particular. One reading is 90 pages of more and more formulas.
That’s what she said
can’t believe it took 6 responses before we heard that
LOL good one
The Emerging Markets section is hard. not really any particular formulas, just a general kind of “try to do this sort of stuff”.
Reading 44 having to do with market based valuations simply exhausted me. 90 pages and 20 LOSs.
“down average” the book
As you said, it’s huge, but it’s not extremely tough.
I am huge
^lol
I think this is one of the easiest parts in the L-2 curriculum. Most stuff is very straightforward, except for residual income & private company valuation. ( which again aren’t that tough). The best part - lot of high probability stuff - FCFF/FCFE models, DDM, Relative valuation ( all of which will surely turn up in the exam, because of their extensive use practically)