Regarding the upcoming exam window of march (level1), I have some doubts regarding the preparation of the exam, if you could please provide some feedback / advice on the following points I would much appreciate it.
1- Is the 3rd edition of the CAIA core book the latest edition? is there another one coming up soon? on amazon apparently there is a 4rth edition issuing late October.
2- Considering I have limited study time, would the UM study handbook be sufficient to achieve a basic level - solid enough - to start hitting the preparatory questions? or would you rather suggest to go for the core book, even if it takes longer, make an extra effort and just use the handbook as support material (if you support more this idea, would you recommend to just buy the core book + the Qbank?). I am some how basing this on the ‘no nonsense guide’ by eddyble, where he suggest you don’t need such a deep knowledge of all, would you agree on this?
3- In what order would you recommend study the chapters? any in particular?
4- Regarding all the formulas / statistics and financial/theoretical formulas, I understand you have to understand the concept and learn how to apply it more than learning by hard the formula, but, honestly, how hard is this area and how much it does represent in the exam? (my background is not that related)
Many thanks in advance,