Damn there is a lot to know, I think the thing that makes this level harder is just that one exam paper doesn’t cover all topics, which wasn’t the case with L1 where it would cover all the main ones. There is just SO much to know it’s crazy, and the exam can easily focus on any small topic. So how are you lot going over everything? I’ve got a 250 page book I got with a course I did which is highly annoted but it takes so long to just sit and learn it all. Corp finance is the worst SO many lists to learn about corp governance!!
haha corp finance is probably the easiest topic of the ENTIRE l2. Gorp goverance is a B*. but only 1 or 2 questions at most on it. so just take a guess an move on. the things i that there weill only be 1 or 2 questions on any topic. 72 readings, only 60 questions. so according to piegon hole (not the bird theory), there will be atleast 12 readings that won’t have a single question on it.
You will see all 120 questions from 35-40 readings only.
You are not applying the pigeon hole principle correctly. You are assuming each question (hole) can only relate to exactly one topic (pigeon). If a question’s stems have two parts, it’s pretty easy to have one question to relate to more than one concepts. You are still correct though to state that it’s likely not all topics will be covered by the exam. But this outcome was more by design than by chance.
cfaboston, doesn’t cfai say that both exams are independent of each other? that choice of questions on exam 1 has no bearing on choice of questions in exam 2. so when they set exam 1 they have 72 chap to pick from but only 60 holes to fill so when they set exam 2 they have 72 chaps to pick from but only 60 holes to fill eltia, yes you are right, if questions require knowledge of multiple readings and question have 2/3 things that need to be determined then yes. we are FML ANYWAYS then.
I agree though. The L2 exam is one big information overload test. So the sooner we move pass this point the better.
Well, don’t get scared. Isn’t there a group of CFA charterholders that take this test to determine the suitability? So they won’t test an obscure topic really in-depth. Mostly just conceptually. So for Treynor-Black most seem to fear: If you have a good grasp of CAPM and Jensen’s alpha logic should lead you to a right answer. Since the group of CFA charterholders would also have to resort to logic instead of knowledge since the TB model is never used in practice. So learn the core materials and just get a good conceptual grasp of the rest and you will be fine. Another confidence booster: 45% will pass. So on the 6th of June look at the guy (or girl) on the right of you. He will fail, you will pass. In general the posters on this great forum are over prepared and the passing rate on this forum really surpasses the average passing rate by 30% in absolute terms. In short: Don’t sweat. You’ll be drinking alcohol on the 18th of August and make your entrance to the LIII forum. Hopefully I will accompany you. 
Didn’t help I opened the FSA book from CFAi for the first time, made end of chapter questions and got killed. My remains are now being eaten by hyena’s.
I think Schweser’s “big picture” approach is pretty helpful in handling this information overload. Also look at the bright side too: if CFAI ends up testing on some obscure stuff in which probably 80% of the people would bomb it, you could think of it as CFAI granting bonus points to the 20% lucky candidates without affecting the remaining 80%. Overall the impact should not be very big as long as the overall mark distribution remain more or less the same (in the sense that, the size of the marginal pass/fail population would still be roughly the same).
Yeah I just got killed by the EOC’s on Pensions :(( at least I know Economic Pension Expense formula now… can’t remember schweser covering it
It has happened to me - Information Overload. I studied the whole CFAI material and without a revision right now I feel I am in a pathetic situation. Now one complete revision from tomorrow to have the important concepts at the top of my mind rather than buried somewhere deep. This seriously is a lot of material. And the worse part is that if you fail you have to wait one complete year. And if you cannot remember most of the topics in a span of a month how would you retain it for the whole year. So another attempt means putting in the whole effort again. Sucks. I wish that we all pass.