Does anyone do this?

[koz]

kwmitchell Wrote:
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> Good point.
>
> I'm definitely going with the Schweser...still
> debating on the CFAI materials. It's a tough sell
> for me...because I find it hard to believe that
> anyone that learns the material presented by
> Schweser backwards and forwards couldn't pass this
> little quiz.

I will be careful with that statement. Schweser is a summary of the material. You are relying on the writer of the notes to guage and judge what is important and what is not. For the quantitative material, a summary is adequate as it usually presents the procedure of the calculations. For the qualitative LOS, condensing a 50 page reading into 10 pages runs of the risk of missing out on finer points which can come up in the exam. I can think of lots of material that was in the CFAI text that never even got a mention by Schweser - yet it is clearly examinable.

> On the flip side:
>
> The CFAI materials could help one learn the
> material in Schweser better than Schweser...

It also helps to have 2 sources to compare when you find one explanation hard to understand.

Back when I did it, the texts aren't bundled together. You can buy the book for an individual topic if you feel it's your weakness. But you can't these days.

 

[kwmitchell]

Thanks Eazy,

I really appreciate the help.

 

[kwmitchell]

Koz,

I may end up getting the materials, depending on how much my place of employment will cover.

I like the way you think.

 

[ahahah]

kwmitchell Wrote:
-------------------------------------------------------
> Does anyone, ever, under any circumstance buy the
> materials offered from the CFA institute?
>
> If so, why?


about 70% of the people who take the exam fail. I'm gonna go out on a limb and say that not buying/reading the material is a great start at joining the elite society of people who fail...

 

[Klarsolo]

Wow guys...you do know that you can SELL books again after you bought them? You do not need to keep the official CFA books forever. If you sell them again once you do not need them anymore you get at least half your money back.

It was tremendously helpful for me to have both Schweser and the recommended readings. Every now and then the other simply is better and you're glad to have two different perspectives on the same issue. But not only that, with the recommended readings you also get the end of chapter problems which are MUCH more difficult than the concept checkers in Schweser! You can literally spend hours per study session with these problems whereas in Schweser you're done in about 20 minutes. Now what do you think gives you more practice: 10 little problems that you can do in 10 minutes or 20 whoppers that keep you busy for 2 hours?

Sorry, but any person who wants to save $ 600 on some books and risks spending another spring studying again does not have his priorities straight, especcially when you can recoup half of that money by selling the books again. You NEED to do the end of chapter problems to be fully prepared. Sure, many people make it relying only on Schweser, but there's also a lot that don't. Do you want to be one of those guys that fail one level 3 times or more?