FAIL!

As long as you keep paying for the exams, CFAI will let you keep taking them, I believe. This gets very expensive, though; this could cost you hundreds if not thousands of dollars! Most of us don't have the money that, say JFK Jr. had when he failed the NY bar exam a couple of times before finally passing on his 3rd try. Everything in life has an analogy to baseball. Regarding the CFA exams: 3 strikes and you're out! It worked for JFK Jr, I think.
 
"HOW MANY TIMES CAN YOU FAIL THE EXAM?"

That's the spirit...I'm sure you'll do fine.
 
maybe you can set some kind of guiness world record. Most times failed CFA level 1 examination
 
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