I just started studying for LVL 1 in dec. '08. I skipped ethics and went straight to quant. i just passed my series 65 so i am going to save the ethics for last. so far i am really liking the material. i learned most of this stuff already in college but didn’t really try to apply it. now that i have started studying, i am seeing the many many ways that this stuff is useful in everyday life. CFA rocks