Is anyone else having a good difficulty with the portfolio management section. I have to admit it is one of the areas I have spent the least time on so far. I understand the CAL, CML, CAPM of course, calculating beta, variance of 2asset and 3 asset portfolio. But then in Schweser there are at least another 10 formulas on the informatio ratio and most value added for a given level of residual risk etc.
At the moment I feel completely in the dark on this area. Can anyone shed some light and briefly explain what this all means. Are you memorizing the formulas?