Reading 55: Theory of Active Portfolio Management

So theoretically this all makes sense, however the formulas and equations makes this topic absolutley grueling. Now, what I am confused about is the LOS: “Describe the steps and the approach of the treynor black model…”

It doesn’t specifically say calculate, however, the majority of the end of chapter questions require computation; thus it took me over 4 hours, and I got everything wrong. Can anybody provide light in regards to how to tackle this LOS, and whether we need to know how to compute everything.

Thanks

http://www.analystforum.com/forums/cfa-forums/cfa-level-ii-forum/91319095

No need to calculate.

Cheers! Now I can wipe the crap from boxer briefs.