Towards the end of writing that test i started getting the feeling that maybe i have skipped too much of the curriculum to encounter such absolutely new concepts 5 days before the exam
Just looked up in the curriculum notes and both of these have just 1 (one) reference each in the text (apart from glossary & index listings)
Re-takers have warned us already about encountering such stuff on the actual exam too … and i have taken note of that
Problem is … I dont know a way to get around this issue … 5 days before the test
Infact both of them are there in the CFA text … albeit referenced just once … as i already mentioned in my original post
The more frustrating part is that I know what the Molodovsky effect is from my experience of tracking cyclical stocks … and i would have got it right … if u didnt call it by that name … and just tell me the essence of that effect in plain language … just to get it wrong as i couldnt put a name to the effect is very disappointing
I managed 70% overall … AM 45/60 & PM 39/60 … but the quality of the result was very poor … as i guessed far too many questions … and surprisingly the hit-rate of the guesses was very good … i would normalize my score by 5 points in each session to account for that
If the question asks “most likely correct”, my focus is always on the remaining 2 options, if I find the correct answer on those 2 options, I just bubble and move to next question.
Haha, good post. As did I get them both wrong. funny enough, when review my notes after the mock, I did write down the Modolvsky effect, the coase theory, I have still yet to see in my notes.