WTF is a Gilt Strip? Congrats on taking the CFA Exam Level X

by Johnny Debacle

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 your quest to spread your seed (or eggs) as wide and far as you can. Welcome, to the day after yesterday, which is one day closer to the day when you can declare “I can and will guarantee superior future returns because I, am a CFA Charterholder.”

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POSTED: 06/5/07 1:55 PM
Comment (103)


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Comments

  1. ian
    June 5th, 2007 | 3:55 pm

    I’ve already completely wiped all CFA related material from my brain. I can’t even remember a single detail about the test on Saturday.

  2. Mr Juggles
    June 5th, 2007 | 4:10 pm

    Do you remember that you failed?

  3. harvey
    June 6th, 2007 | 10:21 am

    hahahahahahaha. zing. he got you there, ian.

  4. mike
    June 6th, 2007 | 1:30 pm

    anyone take L2? anyone think the Treynor-Black question was BS. the econ question was BS as well.

  5. Johnny Debacle
    June 6th, 2007 | 2:23 pm

    Treynor-Black was just presented differently than how people expected. I thought it was manageable.

    But wtf was there not one FX/interest rate parity question? That was the majority of the econ material.

  6. bfellows
    June 6th, 2007 | 9:09 pm

    check out the analyst forum for comments on the l2 questions… wonder how many people missed the risk free rate on APT. sneaky commercial bastards.

    and for the f/x & parity stuff… maybe since CFA was harassed in India they are ignoring int’l relations…

  7. Johnny Debacle
    June 7th, 2007 | 8:57 am

    That was another I thought was pretty easy. Way easier than the practice exams where they would have hidden the RF rate in a paragraph of text then hidden sother tertiary needed input that had to be implied from two sentences way earlier on in the question.