Next year's test may be more difficult

Something to think about…next year, the entire CFA Curriculum is doing an overhaul whereby the multiple choice section will only have three answer choices. Therefore, our probability of passing is higher given that we have a 33% chance of getting the right answer versus 25%, but I have a feeling that CFAI will make the answer choices even harder. Just imagine the style bias question from this year’s exam…is it: A.) Growth B.) Small Cap C.) Small Cap-Growth bias Hopefully I squeak by this year and don’t have to worry about the new format in 2009.

c) Small Cap-Growth Bias