Actually based on the numbers, probably not so good for you as more than 50% failed Level I, II and III. But think of it this way — you fit in. You finally fit in! More people are like you, a pathetic failure, than are not like you. Bright side! Don’t think about how many
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The recovery period for an anal fissure is roughly the same duration as the recovery period for taking the CFA Exam (any level). And I do mean roughly. I expect those of you who took one of the three levels are still relearning what certain sensations feel like. The taste of food, the liquid frothy
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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
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But the glass is 35% full, as that is how many passed Level I of the CFA’s Guarantee of Future Investment Performance Exam. Now I know that 65% of you are dejected and feel beaten down by life, by the capricious nature of your cruel Chartered master and by the implied future whips of the
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Direct quote from a CFA study guide book: The primary factor leading to overconfidence in professionals is knowledge (education or experience) which leads them to think they know more than they think they do[.] Those italics are from the book, not from us. Take Away for the CFA Candidate: In order to get a CFA,
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You did not fail, and get to subject yourself to even more hell starting in April. You are closer to the shiny merit badge of financial glory, the CFA designation. To those of you who did fail, the world needs stock brokers too.
To all those who have been released from the bonds of merit badge exam taking, most of you only temporarily, I salute you. Know that the knowledge which you learned, from Durbin-Watson test statistics to swaptions to neoclassical growth theory, will never in your life ever again be useful to you nor advance you on
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The CFA Institute releases an annual report each year documenting their results and accomplishments. You would think that an organization whose sole raison d’etre is to certify industry standards both in analysis and presentation would be especially attuned to how they present their annual report and the relevance of the content inside. But then, thinking
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Note this games requires a flask filled with booze, a CFA prep class and an inner sense of self-destruction. 1 drink for every chick who eats something she brought. 2 drinks if chick-who-easts-something-she-brought does so from a tupperware container. 1 drink everytime you think that spending 2-3 hours of a New York night in a
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Results are available now for all December 2006 Level I takers. I did not not pass. If you passed, congratulations, we are now 1/3rd of the way towards being able to guarantee investment results to clients based on being a C.F.A..
Saturday was the day of days, the culmination of hundreds of hours of learning esoteric, mostly useless crap that you will now ignore for the rest of your professional careers. The Level I CFA Exam took place around the world. To 50% of you: consider another career path! You failed to obtain Part I of
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Sample Probability Question for the CFA Exam The probability that the CFA alone lands you a better job is 1.6%. The probability you will use skills you learned from the CFA (which you did not already possess or use in your job) in your future work is 4.8%. The probability that you pass the CFA
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Time Value of Money Sample CFA Exam Question Larry Ellison, CEO of Oracle, is deciding how much to tip at his local Benihana. He comes to the conclusion that the fried rice was so delicious and the onion ring volcano flamethrower so impressive, that he is going to tip with a large interest bearing note.
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HP-12C. I wanted to liked you. I wanted to love you. I grew up seeing you in the hands of rich elite men of finance, men so powerful they could choose any model to calculate bond payments or whatever it is exactly people use financial calculators for these days. And yet they all chose you.
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