Comments on: Ill Omen http://luminouslogic.com/cfa-program-ill-omen.htm Stock-picking is an art. I have sympathy for all who attempt it. Thu, 24 May 2012 06:06:43 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Remy http://luminouslogic.com/cfa-program-ill-omen.htm/comment-page-1#comment-1071 Remy Thu, 19 Jun 2008 12:43:33 +0000 http://luminouslogic.com/cfa-program-ill-omen.htm#comment-1071 Hello to all! I have just discovered this blog, and have read it entirely! I hope all you “lumilog followers” have succeeded in your respective examinations! -To all (and especially Mick): Thank you for all your advices directed to lumilog of course and to all the readers. Mick, if I may ask you an invitation for doostang also, my email address is lover_spizer @ hotmail. com (cheesy email address that I am not afraid to put on the web!) I have though 2 questions I couldn't find the answer myself and needed your help please: -To those who have used schweser notes, what package or “a la carte” material do you recommend? -To level I candidate, may I ask you to give me appreciatively the number of question that you have had by subjects, here are the major ones so you can easily remember!: Ethical and Professional Standards Quantitative Methods Economics Financial Statement Analysis Corporate Finance Analysis of Equity Investments Derivative Investments Alternate Investments Analysis of Fixed Income Instruments Portfolio Management Thanks to all! p.s Someone asked in a previous post if it is possible to register for the CFA in India, here’s what I have found during my registration “Due to ongoing legal proceedings concerning the CFA Program in India, CFA Institute is currently unable to offer the CFA examinations at test centers within India, but CFA candidates in India may select from other test centers around the world. Please visit www.cfainstitute.org/india for the latest updates.” Hello to all!

I have just discovered this blog, and have read it entirely! I hope all you “lumilog followers” have succeeded in your respective examinations!

-To all (and especially Mick): Thank you for all your advices directed to lumilog of course and to all the readers.
Mick, if I may ask you an invitation for doostang also, my email address is lover_spizer @ hotmail. com (cheesy email address that I am not afraid to put on the web!)

I have though 2 questions I couldn’t find the answer myself and needed your help please:

-To those who have used schweser notes,
what package or “a la carte” material do you recommend?

-To level I candidate,
may I ask you to give me appreciatively the number of question that you have had by subjects, here are the major ones so you can easily remember!:

Ethical and Professional Standards
Quantitative Methods
Economics
Financial Statement Analysis
Corporate Finance
Analysis of Equity Investments
Derivative Investments
Alternate Investments
Analysis of Fixed Income Instruments
Portfolio Management

Thanks to all!

p.s Someone asked in a previous post if it is possible to register for the CFA in India, here’s what I have found during my registration
“Due to ongoing legal proceedings concerning the CFA Program in India, CFA Institute is currently unable to offer the CFA examinations at test centers within India, but CFA candidates in India may select from other test centers around the world. Please visit http://www.cfainstitute.org/india for the latest updates.”

]]> By: John http://luminouslogic.com/cfa-program-ill-omen.htm/comment-page-1#comment-1070 John Wed, 18 Jun 2008 19:53:17 +0000 http://luminouslogic.com/cfa-program-ill-omen.htm#comment-1070 Chris, A brain is just like any muscle. It needs time to recuperate from extensive usage. Imagine if you always drive a car to the maximum speed (assuming no laws about speed limit and you are safe). Do you think the car will last more than 3-5 years? I think it was Aristotle that said that the key to life is: BALANCE. Chris,

A brain is just like any muscle. It needs time to recuperate from extensive usage.

Imagine if you always drive a car to the maximum speed (assuming no laws about speed limit and you are safe). Do you think the car will last more than 3-5 years?

I think it was Aristotle that said that the key to life is: BALANCE.

]]> By: Craig http://luminouslogic.com/cfa-program-ill-omen.htm/comment-page-1#comment-1069 Craig Wed, 18 Jun 2008 11:12:46 +0000 http://luminouslogic.com/cfa-program-ill-omen.htm#comment-1069 the month before everyone must have been putting in 20-30 hrs a week on top of work. in the final week, god knows how much. you just burn out. i was a wreck for a week after. the month before everyone must have been putting in 20-30 hrs a week on top of work. in the final week, god knows how much. you just burn out. i was a wreck for a week after.

]]> By: yellowman http://luminouslogic.com/cfa-program-ill-omen.htm/comment-page-1#comment-1068 yellowman Mon, 16 Jun 2008 04:30:49 +0000 http://luminouslogic.com/cfa-program-ill-omen.htm#comment-1068 Chris - I do agree with you that you should continue studying to retain the information, reinforce, and even learn more material but there is a point where the human mind needs a break. I am currently in Japan working in the education field (I am from North America born and raised) and these kids are soooooo tightly wound that no wonder they have one of the highest suicide rates in the developed world. There is no time to relax and just do what kids do best, have fun and fool around. Everyone in this world deserves vacation time from work/studying and this is what make people sane. Also, it is not about how many hours (quanitity) you put into studying it is the quality of studying that really matters. Just my two cents. Hope you passed your exam Chris. Chris – I do agree with you that you should continue studying to retain the information, reinforce, and even learn more material but there is a point where the human mind needs a break. I am currently in Japan working in the education field (I am from North America born and raised) and these kids are soooooo tightly wound that no wonder they have one of the highest suicide rates in the developed world. There is no time to relax and just do what kids do best, have fun and fool around.

Everyone in this world deserves vacation time from work/studying and this is what make people sane. Also, it is not about how many hours (quanitity) you put into studying it is the quality of studying that really matters.

Just my two cents. Hope you passed your exam Chris.

]]> By: Chris http://luminouslogic.com/cfa-program-ill-omen.htm/comment-page-1#comment-1067 Chris Fri, 13 Jun 2008 19:33:34 +0000 http://luminouslogic.com/cfa-program-ill-omen.htm#comment-1067 Re: plans during the hiatus I've been reading CFA candidate blogs and forums for months. Now that the test is behind us, most candidates seem to agree that a break is in order. That's dangerous logic. Regardless of CFAI's evaluation, what is there to lose by continuing your review and reinforcement of the curriculum? If you pass, your familiarity with foundations presented in LI cannot hurt your preparation for LII. If you fail, you've wasted 2 months of precious time! Letting your guard down now is a recipe for disaster. The Program is a beast, and as long as you're a candidate, its only desire is to eat you...alive. Your only defense is to be ready for it at all times. Look at your candidacy like serious law students look at their educations: you're in a 3-year program. If you don't mess it up, you've got a golden ticket, but everyone else trying to outperform YOU. Do you think John Roberts took any significant breaks when he was at Harvard? No. That's why he graduated when he was 24 and is a chief justice. So when you're on vacation, remember that every hour you're snoozing, somebody else is burning the midnight oil. Re: plans during the hiatus

I’ve been reading CFA candidate blogs and forums for months. Now that the test is behind us, most candidates seem to agree that a break is in order.

That’s dangerous logic. Regardless of CFAI’s evaluation, what is there to lose by continuing your review and reinforcement of the curriculum? If you pass, your familiarity with foundations presented in LI cannot hurt your preparation for LII. If you fail, you’ve wasted 2 months of precious time!

Letting your guard down now is a recipe for disaster. The Program is a beast, and as long as you’re a candidate, its only desire is to eat you…alive. Your only defense is to be ready for it at all times. Look at your candidacy like serious law students look at their educations: you’re in a 3-year program. If you don’t mess it up, you’ve got a golden ticket, but everyone else trying to outperform YOU. Do you think John Roberts took any significant breaks when he was at Harvard? No. That’s why he graduated when he was 24 and is a chief justice. So when you’re on vacation, remember that every hour you’re snoozing, somebody else is burning the midnight oil.

]]> By: Craig http://luminouslogic.com/cfa-program-ill-omen.htm/comment-page-1#comment-1066 Craig Mon, 09 Jun 2008 21:20:54 +0000 http://luminouslogic.com/cfa-program-ill-omen.htm#comment-1066 I took the exam in London, UK - 4500 in our room doing level 1 - quite weird seeing all those people. the massive shutters came down at 8.45am and they got to about shin hight when a candidate rolled underneath like Indiana Jones - rather amusing I took the exam in London, UK – 4500 in our room doing level 1 – quite weird seeing all those people. the massive shutters came down at 8.45am and they got to about shin hight when a candidate rolled underneath like Indiana Jones – rather amusing

]]> By: Pablo http://luminouslogic.com/cfa-program-ill-omen.htm/comment-page-1#comment-1065 Pablo Mon, 09 Jun 2008 11:55:53 +0000 http://luminouslogic.com/cfa-program-ill-omen.htm#comment-1065 The information Lumilog is referring to can be found in the article "Into our 5th decade" which thoroughly describes the marking process. Specifically, each year the CFA Institute Board of Governors sets the minimum passing score which could be: 1. "70 percent of total points", or 2. "70 percent of the average of the top 1 percent"or 3. "70 percent of the top 10 papers" The method chosen will be decided after carefully analyzing the data. Note that the last 2 options will effectively reduce the percentage of total maximum points require to pass. Cheers The information Lumilog is referring to can be found in the article “Into our 5th decade” which thoroughly describes the marking process. Specifically, each year the CFA Institute Board of Governors sets the minimum passing score which could be:
1. “70 percent of total points”, or
2. “70 percent of the average of the top 1 percent”or
3. “70 percent of the top 10 papers”

The method chosen will be decided after carefully analyzing the data. Note that the last 2 options will effectively reduce the percentage of total maximum points require to pass.

Cheers

]]> By: dzanis http://luminouslogic.com/cfa-program-ill-omen.htm/comment-page-1#comment-1064 dzanis Mon, 09 Jun 2008 11:15:03 +0000 http://luminouslogic.com/cfa-program-ill-omen.htm#comment-1064 to: Momo For each section they provide percentage brackets (less than 50%; between 50% and 70% and more than 70%). But it does not indicate whether it is pass for that section or not. There is one word on top of the page that decides your fate: PASS or FAIL. I passed Level I last year on the first try. I did Level II on Saturday and I think I failed it. The difficulty was mind-blowing. to: Momo

For each section they provide percentage brackets (less than 50%; between 50% and 70% and more than 70%). But it does not indicate whether it is pass for that section or not.

There is one word on top of the page that decides your fate: PASS or FAIL.

I passed Level I last year on the first try. I did Level II on Saturday and I think I failed it. The difficulty was mind-blowing.

]]> By: Lumilog http://luminouslogic.com/cfa-program-ill-omen.htm/comment-page-1#comment-1063 Lumilog Sun, 08 Jun 2008 14:11:38 +0000 http://luminouslogic.com/cfa-program-ill-omen.htm#comment-1063 I heard someone say end of July and that they don't give you an actual % per section but do tell you whether you scored above or below 50% per section, or something like that. More info here: <a href="http://www.cfainstitute.org/cfaprog/faq/faqs_candidates.html##99" target="_blank" rel="nofollow">http://www.cfainstitute.org/cfaprog/faq/faqs_candidates.html##99</a> - Lumilog I heard someone say end of July and that they don’t give you an actual % per section but do tell you whether you scored above or below 50% per section, or something like that.

More info here:
http://www.cfainstitute.org/cfaprog/faq/faqs_candidates.html##99

- Lumilog

]]> By: momo http://luminouslogic.com/cfa-program-ill-omen.htm/comment-page-1#comment-1062 momo Sun, 08 Jun 2008 13:36:42 +0000 http://luminouslogic.com/cfa-program-ill-omen.htm#comment-1062 does anyone know when the grades will be out? and will they show us grades? does anyone know when the grades will be out? and will they show us grades?

]]>