The great thing about Emerging Market Valuation

CFA Level II
#1

The summary is only a paragraph (CFAI) and that is the extent of my studying that reading.

#2

I actually read it all…I only go for girls who are from emerging markets…

#3

^ they know how to appreciate value…

#4

Sponge_Bob_CFA Wrote: ------------------------------------------------------- > The summary is only a paragraph (CFAI) and that is > the extent of my studying that reading. Which reading was that? There was a big section in Schweser about valuation in emerging markets… it was reading 43

#5

florinpop Wrote: ------------------------------------------------------- > ^ they know how to appreciate value… In real or nominal terms?

#6

lillilland Wrote: ------------------------------------------------------- > Sponge_Bob_CFA Wrote: > -------------------------------------------------- > ----- > > The summary is only a paragraph (CFAI) and that > is > > the extent of my studying that reading. > > > Which reading was that? There was a big section in > Schweser about valuation in emerging markets… it > was reading 43 Yup, that’s the one. The summary at the back of the reading in CFAI is only a paragraph long. That is the full extent of my studying for reading 43. Sure, CFAI could decide to be jerk and test it, but it is a risk I’m prepared to take.

#7

I took the same risk. I think (and hope) we’re safe.

#8

sponge - agreed…

#9

I posted this sucker before - and no reply - I guess people don’t like me - I am going to crawl into a deep dark hole and cry. I will only to emerge on Saturday at 6:30 am to get ready for this exam.

#10

I think there are 3 takeways from this section: 1) you forecast taxes with nominal cash flows 2) you forecast depreciation, CAPEX, and EBITDA on a real basis 3) to determine real investment in working capital you determine the nominal amount and then apply the inflation index to determine the real amount.

#11

i disagree girls from Mumbai are downright gold diggers

#12

aladak Wrote: ------------------------------------------------------- > i disagree > > girls from Mumbai are downright gold diggers HALF! (Anyone remember RAW?)

#13

Eddieeeeee!!!

#14

that reading in schweser was a pain…

#15

I wouldn’t know.