Words of wisdom from Level 3

Shooty

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The key to passing Level 1 and any of the other levels is simple....STUDY!!! For the next 2 months drop everything. Keep your parential contact to a minimum, check in to extended babysitting hours, swap your girlfriend for weekly hooker visits if you have to, just make sure your schedule is cleared. Until December you have no religion, you have no family, you have no hobbies- you only have the CFA.
I don't care who you are, where you are from or who you work for. You are the hunted and there is only a 32% chance of you coming out alive. Confidence will kill you. Study scaried, study frantic, study like you are on death row! The more emotionally attached you become the better off you will be.

A couple of other things that might help

1) It really doesn't matter which study provider you choose. What does matter is what you do with the material once you get it. Don't listen to the others, if you fail (remember 32%) it is despite their help not because of them.

2) Ignore the useless add-ons the companies try and sell you. (This is a HUGE profit center for them. How much do you think that $30.00 formula guide cost them to produce?) In the end it is just another excuse for you to become lazy and misappropriate your time.

3) Disgard anybody who posts a lot. More often than not those people, who spend too much time posting and not enough time studying, end up coming back to sit for the test again.

4) Try to solve the sample questions others post on this forum. It is a good way to review. Steer clear of the answers others put up though. It will only confuse you more.

5) Your MBA will only be of minimal help. Unless you went to University of Chicago, Wharton or Thunderbird then you maybe able to slack off a little bit on your accounting, equity, or international economics respectively, otherwise don't consider yourself too far ahead of the game. (Please hold your complains. According to the Wall Street Journal Chicago is best for accounting, U Penn is best for finance and Thunderbird is best for international business. If you disagree please contact the Journal.) Your MBA studies should make it easier for you to understand how the subjects are interrelated.

6) Eat healthy. You are not going to be sleeping or excercising much and your stress level will reach new heights, downing gallons of coffee and other caffinated mixtures will slowly morph you into somebody who thinks and looks like the unibomber i.e. not a guy destine for the corner office. I pounded fruit and chewing gum.

Best of luck
 
Shooty- Thanks, you've reinforced what I've suspected. Do me a favor and call my girlfriend and explain this to her, thanks. No seriously, call her. Cheers.
 
"3) Disgard anybody who posts a lot. More often than not those people, who spend too much time posting and not enough time studying, end up coming back to sit for the test again. "

Say whaaaaatttt? I post a lot. I believe I help a lot. There are a bunch of people here who do that.
 
I didn't even see that part! I posted so much during L1, and I passed. It only helped me learn more by posting here.
 
also read the CFA requirements for exam day. if they say you need to wear a bow tie, wear a bow tie. They are ruthless
 
That's it... it's settled. I'm wearing a bow-tie and a plaid jacket with elbow pads.

Actually, thanks for the post. These sorts of posts help us L1's to realize what's actually neccesary.
 
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