So I am studying the Quants part now. TVM and IRR concepts are pretty clear and ok. But now when I have moved to Statistics, Probability etc it feels difficult to grasp. Maths was never my strong suite. So I would like to know how heavy in terms of wightage are these chapters in L1 and also in L2 and 3. Can I skip these and try to get some extra marks in some other topics?
Correlation, covariance and portfolio standard deviation formulas will appear in portfolio management a lot. It was also hard for me to understand, however I watched some YouTube videos, IFTs for example. It helped me a lot to understand.
Go watch these concepts on Khan academy only. Most of these CFA preppers (IFT, Krap lan, CFAI) don’t know what a p-value is despite rattling off some (seemingly) wise definition.
Statistics and Probability are the foundation of Portfolio Management. You can’t run from it. If you skip now, Level 2 and 3 will become bigger problems than they already are.
I use IFT videos for everything but for Statistics and Probability, I needed Mark Meldrum’s free videos.