JoeyDVivre
New member
- Jun 18, 2026
- 0
- 0
God forbid, but there sure is lots of worrying about it here.
- The world will not end and nothing bad will happen to you.
Nobody will lose respect for you, even those people who are sure you passed because you're so smart and studied so hard (do people think they're helping when they say that?). When you tell family and friends they will just say 'Wow - pretty hard test. You'll get it next time'. You might want to do something nice for your significant other who has to put up with your studying again.....
- You will join a very distinguished list of people who failed the exam.
There are unsubstantiated rumors of every major figure in finance failing one of these exams. It's probably not true that Alan Greenspan failed LI, but it's a good story. There are lots of very smart people who have failed one or more of these exams and I know many of them. If it was easy to get a charter, it wouldn't be worth getting.
- You will have an easier time studying for the December exam and you will gain all kinds of rich insights.
The CFA material is pretty deep. If you failed the exam, it means you missed some of the deep and interesting stuff. CFAI would just be sending you a letter telling you that there is enough stuff there that you didn't get that you need to check it out again.
- You can pass the exam.
There aren't many people on AF who I think cannot pass these exams with perseverance and hard work. None of this material is near the edge of the envelope of human learning and most people feel that there isn't any individual topic that is terribly difficult; it's just that there are a ton of topics.
- It doesn't matter that other people passed the exam.
I started studying for level I on May 6 for June and passed easily. I did that because in some sense I had studied for LI for years beforehand. When people ask how much time I put into studying for LI, I say "somewhere between 1 month and 20 years". If you are new to finance there is an unbelievable amount of material. If you passed with 5 months of studying, you did 19 years and 7 months less studying than I did. If you failed with 5 months of studying, you need to recognize that in that group of people who passed are some who studied for the exam for 20 years.
-You can still get your charter at the same time you originally planned.
Passing LI doesn't really do much for you anyway. Sorry. It's only the charter that makes a career difference for most people.
Anyway, lots and lots of you passed. Stop worrying and enjoy your lives. Most of you are young, well-educated, smart, moneyed and have great lives. Get those biceps back and reintroduce yourself to your wife.
- The world will not end and nothing bad will happen to you.
Nobody will lose respect for you, even those people who are sure you passed because you're so smart and studied so hard (do people think they're helping when they say that?). When you tell family and friends they will just say 'Wow - pretty hard test. You'll get it next time'. You might want to do something nice for your significant other who has to put up with your studying again.....
- You will join a very distinguished list of people who failed the exam.
There are unsubstantiated rumors of every major figure in finance failing one of these exams. It's probably not true that Alan Greenspan failed LI, but it's a good story. There are lots of very smart people who have failed one or more of these exams and I know many of them. If it was easy to get a charter, it wouldn't be worth getting.
- You will have an easier time studying for the December exam and you will gain all kinds of rich insights.
The CFA material is pretty deep. If you failed the exam, it means you missed some of the deep and interesting stuff. CFAI would just be sending you a letter telling you that there is enough stuff there that you didn't get that you need to check it out again.
- You can pass the exam.
There aren't many people on AF who I think cannot pass these exams with perseverance and hard work. None of this material is near the edge of the envelope of human learning and most people feel that there isn't any individual topic that is terribly difficult; it's just that there are a ton of topics.
- It doesn't matter that other people passed the exam.
I started studying for level I on May 6 for June and passed easily. I did that because in some sense I had studied for LI for years beforehand. When people ask how much time I put into studying for LI, I say "somewhere between 1 month and 20 years". If you are new to finance there is an unbelievable amount of material. If you passed with 5 months of studying, you did 19 years and 7 months less studying than I did. If you failed with 5 months of studying, you need to recognize that in that group of people who passed are some who studied for the exam for 20 years.
-You can still get your charter at the same time you originally planned.
Passing LI doesn't really do much for you anyway. Sorry. It's only the charter that makes a career difference for most people.
Anyway, lots and lots of you passed. Stop worrying and enjoy your lives. Most of you are young, well-educated, smart, moneyed and have great lives. Get those biceps back and reintroduce yourself to your wife.
