Really CFA,,,,,,,, That was the best you can do for ethics

just got to know 2 of the ethics question which I was constantly thinking about for the past 4 days are wrong!!
 
CFAI expects us to actually memorize the ethics stuff word by word and reproduce it in the exam !!! this is crazy
 
ethics is never about memory work. It’s about practice and how much ur willing to stick to the 1st answer u choose. People always end up changing answers from correct to wrong ones.
 
yes but we are actually supposed to remember and differentiate b/w what is actually required and what is not even it is mentioned in the text book,from the jacaranda mock too each word had an importance like “former” clients, 5/7 yrs etc.. this is just pure memorising
 
i think memorizing specific examples will get you lost at the exam because u will start doubting if the key words are there or not. I cant emphasize more on what i mean.
 
Sometimes I think the best is not to prepare much for ethics. I prepared quite a lot and done a lot of practise questions and tried to remember during the exam if the question is related to a question that I have done for practise.
 
Sharp ratio is poor for ethics and gips
I estimated maximum VAR loss due to these and decided nor worth studying
Only studied asset manager code as the sharp ratio was very high
 
I think a better measure is to calc based on your utility score, not Sharpe…
 
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