HAHAHA well well well, I was wondering how long it was going to take before some idiot started taking a swing at the L1 09 passers, and of course, the ultra mature and incredibly smart American Psycho Patrick Bateman wannabe over here, murders&executions, filled the void nicely.
Let's take a look at his reasoning shall we? This guy is saying that since the pass rate increased by 11% points in one year, that the exam has got so much easier, and that those who passed are undeserving, useless good for nothing idiots?!?!
Let me put on my rose tinted spectacles, for a minute....let's see where are they......ok found them. "In my day, lad, I took the CFA and it was REAL man's exam. When I took it, back in the summer of '69 the pass rate was a mere 74% Can you believe that??!! How low! Not like your easy fancy schmancy exams of 2009, no way mister. In my day, I used to walk to school, 6 miles, in the snow, up hill both ways! Ahhhh those were the days..."
Do you see what I'm trying to say? If we took your attitude and believed that each year the exam got easier, we would go all the way back the 1960s and 70s when the Institute just started and exclude the people who passed the exam because the pass rate was in the 60s and 70s. If you don't believe me, check the website.
Why don't you just stop being so bitter? As other AFers have said in this forum, there are incredible circumstances right now, namely, thousands of laid off candidates who have nothing better to do than to dedicate day and night to passing the exam.
And your ignorance of the scoring system is fascinating! Obviously you do not understand that since the Institute takes the 70% mark from the top 5%, that there means that there is in fact an ABSOLUTE level at which they will start passing people. Do you understand this? Mr. Mergers and Acquisitions specialist?
I'd love to hear your thoughts, you've been remarkably silent for an awful long time. Come on, say something!