CFA Exam: 54% and 47% of You Please Don’t Give Up

by Johnny Debacle

Even though you probably should. I commend you for trying, and we all know that an A for effort is worth $0, so don’t spend that all in one place.

For the rest of you, congratulations, I hope you know that passing a CFA Level II or III exam might possibly have been a good call. It also might possibly turn out to have been an awful call. Consider this: I wonder how much the 40 year old version of you will pay to be able to spend 150 hours in your mid-twenties again. You can buy that with all the extra money you make from being a CFA right? But it was all worth it, definitely worth it. Keep telling yourself that.

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  1. rb
    August 19th, 2008 | 1:14 pm

    what an ahole

  2. August 19th, 2008 | 1:28 pm

    If it makes you feel any better, he failed.

  3. Your daddy
    August 19th, 2008 | 1:53 pm

    Right. And how much of your life have you flushed down the toilet in putting together this excrement of a web page ?

    Too bad that ain’t ever gonna come back.

  4. August 19th, 2008 | 2:12 pm


  5. August 19th, 2008 | 2:15 pm

    Hey, Debt Bitch, I thought you were on vacation!

  6. August 19th, 2008 | 2:17 pm

    Daddy, this ‘excrement of a webpage’ is indeed the Shit. (See what I did there? Everyone loves a bad pun)

    Anyway I wouldn’t worry about these guys wasting their youth, by all accounts it’s long gone.

  7. August 19th, 2008 | 2:25 pm


    you failed?

    feck, we all need back office folk, i guess. no, seriously, it will NEVER be outsourced.

    because you failed.

  8. Zeke
    August 19th, 2008 | 2:59 pm

    Daddy, have you always been the guy in your family/school/office that nobody likes? I’ve got a sneaking suspicion…

  9. Wow
    August 19th, 2008 | 3:24 pm

    Wow, why is this crap on bloomberg?

  10. Hans Moleman
    August 19th, 2008 | 8:22 pm

    You become truly successful in this game by understanding how the world works, which you will never learn from a formal qualification. That doesn’t mean they’re a complete waste of time but you will be better off in the long run to develop your own ability to think from first principles, assuming you have that ability. I would suggest that JD does, but some readers of his blog do not.

  11. that guy
    August 19th, 2008 | 9:35 pm

    A JD?!? I never heard a worse idea. $50,000 versus $1,000 cost and not considering missed income and earned interest. wow, where did you come from?

    Wait, we do agree on one thing…

    Developing talents, a.k.a. your brand, is a good thing. But unil you are credentialed, you’ll be like another person singing in the subway and begging in the cars between stops. Just leave me alone for once. And no, I don’t have any spare change.

  12. August 20th, 2008 | 12:42 am

    I hear the New School has some sort of international finance program you can blow through in less time than it’d take to study for the 3 CFA exams, whatever that means…

  13. mike
    August 20th, 2008 | 7:46 am

    that guy, JD is referring to Johnny Debacle you a**clown.

  14. Zeke
    August 20th, 2008 | 2:50 pm

    Sometimes a joke can really use an idiot for a straight man. Thanks for standing in, Mike.