Curveballs + things often overlooked

[June06]

Cubemonkey wrote:

Jaishank wrote:
I got this from the forum which has been pretty helpful.
SAMURAI and McBARFS for the characteristics and types of benchmarks

SAMURAI isn’t accurate anymore. There is only one “A” in the text now. The other “A” became an “O.”

Owned and Accountable are the same.

 

[June06]

Galli wrote:
P(ompian)_FIA
Passive Preserver
Freindly Follower
Independent individualist
Active Accumulator
In order from most risk averse to least with the Individual being a solo artist and most difficult to advise.

How to distinguish BB&K and Pompian? Pompian is more IPS appropach? Risk and investment style dimension.

 

[Galli]

From what I understand, Pompian is a questionaire and BB&K is more “approach life in general”

 

[JSobes]

paulson wrote:
Type I - keeping bad
Type II - firing good
Ho = manager adds No Value

Type 1….
*Cue breaking bad theme song*

 

[Stevie Ray]

In 2013 AM I used trailing earnings yield (E0) instead of forward (E1)

 

[Stevie Ray]

For fed model and Yardeni

 

[JSobes]

My tip: GIPS needs 7 columns: ycbp-dcf. If there are fewer than 7 columns it’s missing something.
Key GIPS statement has 3 parts: XXX claims compliance with g…i…p….s.
has prepared and presented this report in compliance with gips.
XXXX has not been independently verified.

 

[almostdone1822]

jsobes i like that…
year, composite return, benchmark return, # portolios, dispersion, composite assets, firms assets
? is that right?

 

[Chuckrox8]

almostdone1822 wrote:
jsobes i like that…
year, composite return, benchmark return, # portolios, dispersion, composite assets, firms assets
? is that right?

Post 2011, you need std dev for the composite and benchmark too. So, at minimum you need to have 9 things.

 

[Traveller]

Nothing so fancy compared to the other ones, but here are the ones that have been tripping me on all the mock exams:
- Which reason is MOST likely / LEAST likely . No matter how many times I do these, I still misread it occasionally and put in the wrong answer.
- Last year vs this year values in IPS. ALWAYS carefully read if it’s specified “living expenses LAST year were” (apply inflation!) or “living expenses for the COMING year are”.
- VAR is easy. But read carefully that they don’t specify a yearly VAR and then ask for MONTHLY figures.

 

[Chuckrox8]

I usually cross out least likely and most likely and just write in big words: WHICH ONE IS CORRECT/WRONG? It has saved me a few times.