“I’ll tell you why I want the CFA: two chicks at the same time, man. I always wanted to do that. And I think if I finally get my CFA I could hook that up, too; 'cause chicks dig dudes with the CFA.” Hahahah! I loved Office Space Willy
It’s not as fun as it would seem.
Self Challenge.
i like a challenge, and i couldnt justify dropping 50Gs on an MBA. Anyone with cash can get one of them… also, the knowledge ive gained over the past 6 mths is invaluable.
because it is a worthy opponent.
bchadwick Wrote: ------------------------------------------------------- > It’s not as fun as it would seem. are you referring to threesomes bchad? I would tend to disagree…
“I’m pursuing CFA to learn GIPS” - that’s a good one 
For me it’s definitely the personal challenge and growth. I remember reading finance books in grade 10 just because they fascinated me. Majored in economics in university. Didn’t want to follow a masters in economics and thought MBA was too much about, as one of the candidates here put it, “soft skills”. The CFA seemed like a perfect choice for me because I wanted to get back to finance and this was the most rigorous and well respected post-grad finance program I could find. It’s a bonus that CFA’s on average have a lower unemployment rate and on average have a higher income. You can’t be in love with finance and not care about your own financial well being.
only money… rest will follow.
I just want to spend less time with my wife and kids 
- To spend more time alone or with CFA study nerds in the library 2. To ruin friendships 3. To miss out on business start-up opportunities 4. To exercise less often 5. To miss out on dating 6. To ruin my early-mid 20s
TheAliMan Wrote: ------------------------------------------------------- > 1. To spend more time alone or with CFA study > nerds in the library > 2. To ruin friendships > 3. To miss out on business start-up opportunities > 4. To exercise less often > 5. To miss out on dating > 6. To ruin my early-mid 20s > > +1
Q: why do you want the CFA? A: models and bottles? wait, that’s ibanking…
> 2. To ruin friendships > 3. To miss out on business start-up opportunities > 4. To exercise less often > 5. To miss out on dating > 6. To ruin my early-mid 20s There is no reason you can’t do those while studying for CFA. It’s all about balance. I feel like the past 6 months leading up to L1 was some of the most productive time I have ever had with exercise, friendships and ladies. This exam has basically made me partition my time much more effectively and thus made me much more efficient in going after only quality chicks, not going out to bars just for the hell of it, and exercising on my lunch break. It is amazing how much you can fit in to one day. If this test takes up that much of your LIFE, and makes you sacrifice THAT MUCH, maybe finance isn’t for you.
fxguy1234 Wrote: ------------------------------------------------------- > sublimity Wrote: > -------------------------------------------------- > ----- > >What’s the point of being an extrovert if over > ~84% of the world’s population has an IQ >below > 115? Table 1 - Practical Significance of IQ IQ Range Frequency Cumulative Frequency Typical Educability Employment Options Below 30 >1% >1% below 30 Illiterate Unemployable. Institutionalized. 30 to 50 >1%? >1% below 50 1st-Grade to 3rd-Grade Simple, non-critical household chores. 50 to 60 ~1%? 1.5% below 60 3rd-Grade to 6th-grade Very simple tasks, close supervision. 60 to 74 3.5%? 5% below 74 6th-Grade to 8th-Grade “Slow, simple, supervised.” 74 to 89 20% 25% below 89 8th-Grade to 12th-Grade Assembler, food service, nurse’s aide 89 to 100 25% 50% below 100 8th-Grade to 1-2 years of College. Clerk, teller, Walmart 100 to 111 50% 1 in 2 above 100 12th-Grade to College Degree Police officer, machinist, sales 111 to 120 15% 1 in 4 above 111 College to Master’s Level Manager, teacher, accountant 120 to 125 5% 11 in 10above 120 College to Non-Technical Ph. D.'s. Manager, professor, accountant 125 to 132 3% 1 in 20 above 125 Any Ph. D. at 3rd-Tier Schools Attorney, editor, executive. 132 to 137 1% 1 in 50 above 132 No limitations. Eminent professor, editor 137 to 150 0.9% 1 in 100 above 137 No limitations. Leading math, physics professor 150 to 160 0.1% 1 in 1,100 above 150 No limitations Lincoln, Copernicus, Jefferson 160 to 174 0.01% 1 in 11,000 above 160 No limitations Descartes, Einstein, Spinoza 174 to 200 0.0099% 1 in 1,000,000 above 174 No limitations Shakespeare, Goethe, Newton http://www.geocities.com/rnseitz/Definition_of_IQ.html
“If this test takes up that much of your LIFE, and makes you sacrifice THAT MUCH, maybe finance isn’t for you.” I’m afraid I’m going to have to disagree with you. Most extremely successful individuals, especially in finance, have made large sacrifices in their lives to get there.
I think the point was that if this test is such an enormous sacrifice, you’re probably not going to be able to make the other required sacrifices.
fxguy1234 Wrote: ------------------------------------------------------- > > 2. To ruin friendships > > 3. To miss out on business start-up > opportunities > > 4. To exercise less often > > 5. To miss out on dating > > 6. To ruin my early-mid 20s > > > There is no reason you can’t do those while > studying for CFA. It’s all about balance. I feel > like the past 6 months leading up to L1 was some > of the most productive time I have ever had with > exercise, friendships and ladies. This exam has > basically made me partition my time much more > effectively and thus made me much more efficient > in going after only quality chicks, not going out > to bars just for the hell of it, and exercising on > my lunch break. It is amazing how much you can fit > in to one day. > > If this test takes up that much of your LIFE, and > makes you sacrifice THAT MUCH, maybe finance isn’t > for you. You could be right, but I have come to the conclusion that there’s no such thing as balance. It’s a myth that perpetrates mediocrity. If you want to be somebody, you got to get to it, full throttle. I don’t know any of the people on the Forbes list had a sense of life balance (the ones that earned their money anyway). That being said, I was sort of exaggerating in order to make a poor attempt at being funny… although part of what I said is true. I started exercising 5-6 days a week again, at lunch like you, but I’ve got Schweser’s monotonous voice instead of pump-music on the iPod Level 1 is nothing compared to Level 2, by the way.
TheAliMan Wrote: ------------------------------------------------------- > 1. To spend more time alone or with CFA study > nerds in the library > 2. To ruin friendships > 3. To miss out on business start-up opportunities > 4. To exercise less often > 5. To miss out on dating > 6. To ruin my early-mid 20s Fantastic post! 1. No time at the library, but lots of time in the back of the house with earplugs in 2. Totally ruined! All but a few of them and I have to make a conceous effort not to blow off my few remaining friends. 3. I don’t see the opportunity in this economy 4. Absolutely! I’m so much softer than I was when starting the program it’s shameful. 5. My marriage has suffered dramatically, which is the equivalent 6. Hell yeah! Who needs the best years of their life anyway!
> If this test takes up that much of your LIFE, and > makes you sacrifice THAT MUCH, maybe finance isn’t > for you. I’ll probably regret posting this later but I need to brag here, because I can’t let this statement go. I studied hard for the first level 1 exam by putting some things on the backburner. I am from outside a financial background. I finished the entire exam in three hours (including 3 times for review of the morning and afternoon sessions). I was certain I didn’t get more than 5 questions wrong, and the breakdown of my results verified that. I didn’t bull**** with Schweser because I actually wanted to learn, in detail, what the CFA has to offer. That means studying more than 100 hours of browsing the questions. I am interested in finance, I like to see things all the way through, and I understand that it’s important to be ahead of the curve. So let me ask you, if you are a businessman, who’d you work with to grow a successful business? Someone with the elusive life balance, or someone who is dedicated? I choose the latter, and so will countless books and seminars. Maybe it is you who should be reconsidering your career, or step aside.
Conquistador07 Wrote: ------------------------------------------------------- > Why do you want the CFA Charter? > Just want to serve my country, be the best pilot in the Navy, sir.