Do People Care About Actually Learning the Curriclum?

Gouman,
Exactly what i feel. If you go back to some discussion I had before (where almost everyone disagreed with me) in which I wished I wouldn't pass L1 back in June. My reasoning was that I didn't feel I learned the material well enough. I wished I would do it again in December so that i could really understand it well. My wish came true by the way, and now you're looking at a happy camper!

Guy
 
Gouman Wrote:
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> Nice. Keep it up.
>
> Shoot me an idea or two--I'm not that smart.


Funny, I was thinking the same thing about you. Somehow passing the exams and learning the curriculum are mutually exclusive? F-ing worthless thread, 9/20th of which is your own gibberish. ...Step into my office... 'cause you're F-ing fired.
 
I'm with hiredguns on that. You're down the road.

The fact is that these are hard tests with very high failure rates. There are always people looking for short cuts, but they don't really exist. Study guides provide direct explanations of LOS and are especially useful if you have background and don't need to learn something for the first time.

As for June07_guy's statement, it is as ironic as his moniker. June07 posted a similar polemic about how important it was to learn all the material and then with his Ph.D. and his months of study, failed the exam. You guys can get together and bond about how that shows a much deeper understanding of the material than is expected, and that june07 somehow wanted to fail to develop a mastery of the material (sounds very Zen to me), but in finance success is defined differently.
 
This thread is the waste of time! If CFAI institute gives you a pass, no matter how much and hard you studied.. you know the material. If they give you a fail it means you need to know more.

You are not the ones who can judge about if you know enough about the material. CFAI does. If they think you know enough you get the pass. It's as simple as that.
 
Apparently Joey hasn't met staright A students who are complete failures in their jobs. I have. Trust me on this: There is such a thing as learning to pass versus learning to understand. Many academics fall in the first category.

About me failing, as I mentioned here back in May, that I stopped preparing for the exam and decided to go for December. I am taking the CFA for learning, alas, that may not make sense to you!

Guy
 
June07_guy Wrote:
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> I am taking the CFA for
> learning, alas, that may not make sense to you!
>
> Guy

I don't think you have a clue.

I have answered literally thousands of questions posted on AF about the CFA curriculum. There might be some people out there who have learned the CFA curriculum better than me (e.g., Super I knows more about FSA than I do) but not very many. A guy who just failed the Level 1 exam questioning my understanding of learning the CFA curriculum is just bizarre.

Agree with McPass and btw in the cumulative areas of this exam, if you sort-of slide by on fixed income in Level 1, you will get it by the end of level 2.
 
JoeyDVivre Wrote:
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>
> I have answered literally thousands of questions
> posted on AF about the CFA curriculum. \

Joey, you're up to 5,428 posts since January 7, 2006. That's pretty f___in good by my estimate!
 
Well said JD.
Folks, no one has ever scored 100% on this thing. Your quest for "understanding" is admirable, but I think if you pass, then you likely have said understanding.
And just some friendly advice to the thread starter who suggested they'd start in depth study in August 2007 for June 2008: If this works for you great, but I don't think it would work for most. Burnout is a biatch, and you WILL be studying your ass off from Jan-June, so you might want to rest up and spend your non-working hours with friends and family while you can. If August works for you..great, and good luck.
 
Burnout -whats that?. I am an addict once I get started . I started off for Dec 2007 at the end of April and I guess I'll complete my prep mid August -after that for the next month or so I am going to read some quant , derivatives and fixed income stuff covered in L2 -yeah that sounds ambitious and audacious -but I just borrowed Don Chance, Fabozzi from my office library and found some good internet resources for regression and quant analysis.
sounds nerdy/geeky ,but I always liked to read ahead of the class -when I was 6th grade I would read my elder brother's books .
 
dsylexic,
no doubt you seem to be in great shape, but i'd warn you a bit about "getting ahead" before you conquer the task at hand. if you're going to be done in August, do you think you'll remember in Dec stuff like moves on the phillips curve if actual inflation winds up being greater than expected inflation, whether a low investor advisor ratio or put/call ratio is a bullish or contrarian indicator, or even easy quant like say on a given day, a stock's probability of going up is 60%... in a 30 day month, givent the expected # of up days, what's the variance?

honestly, if i had to try to remember those now a few months after taking the test, i'd be struggling a bit. not to say this test is memorization because it's not, but just fair warning-you will need to focus up until test day at the test at hand and beware of how easy it is to forget stuff if you haven't looked at it in a while, especially quant, ethics (GIPS small rules that you need to just memorize for example), FSA stuff you need to know cold like capitalizing/operating leases, etc....

again, you sound like you're ahead of 99% of the game right now. just be careful not to finish too early, as you'll lose some of it by december.

good luck!
 
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