i’m thinking deep into commodities section with something to do with corn, seasonality and roll yield, which we couldn’t seem to understand collectively… and BTW, does it not say different things about corn in different readings??
Hypothetical value of a gold mine (it’s in the curriculum with a formula).
McLeod81 Wrote: ------------------------------------------------------- > Hypothetical value of a gold mine (it’s in the > curriculum with a formula). hey, great minds!! … that was my second pick (although someone mentioned it in the cash/carry thread, so it was fresh in my mind.
I could be wrong but I think Molodovsky will be on it.
If this topic doesn’t push everyone over the edge I don’t know what will 
Slash Wrote: ------------------------------------------------------- > I could be wrong but I think Molodovsky will be on > it. are you kidding? is that in the curriculum??? i remember it in level 2 cyclical stocks have very high P/E at the trough??? correct? more to it?
Slash Wrote: ------------------------------------------------------- > I could be wrong but I think Molodovsky will be on > it. Dude doesn’t show up anywhere in the index in the CFAI books…that I can see anyways.
LOL. Molodovsky is a cfa wildcard. the proctor can walk up to you and ask for the definition and if you don’t know it, it can mean automatic failure. (this is a joke, kind of.)
The Meat Grinder Effect
Not quite obscure but Market equilibrium model could be on it?
Yes! Molodovsky…an '08 L2 classic.
not an obscure topic, but feeling like we might have an am session essay gips question. I don’t like those. It’s like the only thing i hate worse than a multiple choice gips question.
maybe trusts (GRATs, CRTs, CLTs, etc)
I thought I had seen everything - then I hit Q.29 on practice exam v.3 (2009) - just brutal - I spent an hour re-reading and re-re-reading the text - and still don’t understand it. The actual question on the paper is not too different to the one in the text - doesn’t help me - if I saw it again tomorrow I would still be a blank… It reminds me of why nobody has ever got 100% on any level in any year. THey put in questions they KNOW nobody could ever learn…
The Samuelson Effect - it will definitely be there. Likely a morning essay question. I’m sure glad I looked that one up. Phew.
you know there will be some ridiculous commodity question. if you look back at last year’s posts after the exam, there was a question requiring you to know the no-arbitrage spread for commodity futures to answer the question; I was like what in the f is this. If you go look in the CFAI text, there’s the formula. I’m scared.
using a swap to synthetically remove bond optionality.
what is this sam effect? cant recall if i saw it anywhere? which SS is this??? bhill020 Wrote: ------------------------------------------------------- > The Samuelson Effect - it will definitely be > there. Likely a morning essay question. I’m sure > glad I looked that one up. Phew.
IPS section for institutions on Non life insurer
Man, this thread just added 15 additional hours to my prep time.