CFAI Survey of Most Difficult Topics

S2000: does your logic make sense? I think your reasoning is flawed.
Premise: I’m not surprised that it did make the list.
If Not Suprised; then made the list.
Contrapositive is: not made the list, is surprised? Please help me.
Premise 2: I simply think that it shouldn’t have made the list.
Conclusion: Derivatives, taught properly, is an easy topic.
Only premise 2 supports the conclusion.
 
iamMichael wrote:
S2000: does your logic make sense? I think your reasoning is flawed.
Premise: I’m not surprised that it did make the list.
If Not Suprised; then made the list.
Contrapositive is: not made the list, is surprised? Please help me.
Premise 2: I simply think that it shouldn’t have made the list.
Conclusion: Derivatives, taught properly, is an easy topic.
Only premise 2 supports the conclusion.
Click to expand...
http://www.theyeshivaworld.com/coffeeroom/topic/the-difference-between-a...
 
iamMichael wrote:S2000: does your logic make sense? I think your reasoning is flawed.
Click to expand...
Many candidates say that they find derivatives quite difficult; based on that, the fact that derivatives made the list is not surprising.
 
iamMichael wrote:S2000: does your logic make sense? I think your reasoning is flawed.
Premise: I’m not surprised that it did make the list.
If Not Suprised; then made the list.
Click to expand...
Your conditional is incorrect. The proper conditional is:
If it made the list, then I’m not surprised.
You wrote the converse, which is not logically equivalent (at least, according to Aristotelian logic).
Carry on from there.
 
Probably the most difficult part of Level III is getting the right answers (return requirement, etc.) for Individual IPS essay questions. It seems like it’s not so difficult but so many points are lost on those questions. I thought I had that stuff nailed down going into the exam, but I bombed the question when it came up. I think most people did, too, based on the scoring matrices.
 
I agree, Tommy83. Throughout my practice, I was amazed at how tricky the required return calculations ended up being. Luckily, I didn’t bomb it here, but the tables could have EASILY been turned.
 
1.The survey was NOT sent to all CFA L3 candidates.
2.Whether GIPS is difficult or not ,was not directly tested.
So people would have responded on their assessmemt of which broader topic
it falls under-Ethics or PM.
3.It’s a reflection of viewpoint of those candidates who responded to the survey.
I presume responding to the survey was not mandatory either.
4.So we are debating whether a minority of candidates found derivatives difficult or not.
5.Even if we assume that this minority represents a fair sample and hence full group view,it’s the collective view of those candidates who responded.I do not find derivatives that difficult(but I was a swap dealer),and I responded to the survey-that would not change the survey result.
The questions that are tested by CFAI are a probably a shade easier than what can actually be tested on the concepts related to derivatives.
6.Candidates may find derivatives difficult,compared to AI,FI,Equity and Ethics or PM.Even though they may end up scoring higher in derivatives than,say,ethics or PM..So it’s also about their perception of difficulty of derivatives.Incidentally,PM is to too broad an area to be compared to other sections.And definitely trickier than it seems
7.We are talking about candidates who passed Level II and probably studied very well written CFA books and very well summed up Third Party providers.If they still find derivatives difficult,I respect that.
8.I find Individual IPS,and sometimes, Ethics to be tricky.Of course there are ways to get around them.
I find it boring to remember provisions related to GIPS-though many of them are logical,there are just too many of them and i end up memorising.
I find CFAI being liberal in testing us on GIPS.They can ask more difficult (though trivial)questions,but they avoid,especially It would be difficult to answer questions on dates/recommended vs required,but such questions do not constitute a majority,for instance check EOC questions…
 
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