Rahul Roy Facts - The truth about CFA Designation

Nyo

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1. There is no such thing as “Ethical and Professional Standards”. There are just practices that RR follows and practices that he does not.
2. There are no inappropriate ways to refer to the CFA designation. There are just ways that RR dislikes to use.
3. There is no such thing as “Different Accounting Standards”. There are just different ways that RR enjoys reporting financial information. To be eligible for the CFA qualification, you have to know both.
4. There is no such thing as “MPS”. There is just a minimum amount of questions that you have to answer correctly in order to be accepted by RR as eligible for joining HIS club.
5. There is no such thing as “Audited” or “Unaudited” Financial Statements. There are just financial statements that RR has reviewed and financial statements that he has not.
6. There is no such thing as “unqualified” or “qualified” opinion on financial statements. There are just financial statements that RR has approved and financial statements that he has not.
7. Any phrase containing the words “best practice” is inherently defective. Just replace the best with “RR’s” to correct it.
8. There is no such thing as “Prons and Cons” of a valuation method. There are just reasons that RR uses a method and reason that he does not.
9. A call option does not give you the right to purchase a share at a pre-defined price. RR does.
10. RR is the only one capable of exercising an option he has written
 
I have no problem with threads like this one as they are in good humour.
 
Rahul Roy on the guitar….hear him ROAR!!!!!!!!!!!!!!!!!!!!!
 
- You do not regress a company’s beta on the market portfolio, you regress it on RR’s portfolio.
- The discount rate for discounting cash flows changes relative to RR’s mood.
- When you buy a blue chip stock, you must find out whether RR is willing to sell.
- If RR sets up his own fund, it shall be named Bridgewatrers Hatheway Quantum Capital.
- The economic cycle is driven by RR’s intention to clear his credit card’s overdraft.
 
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