I am ordering my CFAI books tomorrow and am thinking about reviewing some of the L1 material, Those of you who already looked at L2 topics, what area of L1 would you recommend brushing up on while waiting for my book to arrive? What should i revise that would be very helpful in grasping the material in L2. i cant review everything but any repetition that you noticed about the L1 knowledge which supplemental your L2 study? Thanks is advance
Strong fundamentals in FSA is definitely going to help. I would focus on that.
Well, I’ve been working on Equity for a bit and can say that the dividend discount model is highly relevant in L2. Remember (ROE*b)*(1+g)/(k-g)? The DuPont comes back quite a bit as well.