@SidMenon’s post on Scrabble got me thinking – can we play a game right on this forum? I had a quick think and search online and may have something that will help CFA prep at the same time (at the risk of sounding too much like an after school special… :D)
If this goes well, the benefits of playing the game would be:
1. An increasing knowledge of CFA terms and definitions
2. Forum points
A win-win! I start the game by stating and defining a particular CFA Term:
White knight: A third party that is sought out by the target company’s board to purchase the target in lieu of a hostile bidder.
The next person (i.e. the next person to reply to this thread) will have to take the last three letters of my Term (in this case G-H-T from ‘white kniGHT’) and their CFA term has to start with any of these letters (so maybe he/she would define ‘Treynor-Black model’). And so on and so forth.
1. Honour code – try not to Google things up beforehand, give it a go at trying to come up with a Term from memory.
2. You can’t reply to your own Term – you’ll have to wait for someone else to reply first. i.e. I can’t reply to this first post, but if someone else chips in I then can reply to that one.
3. If you like a particular Term, you can send the player a little love and points by liking that reply.
4. A winner will eventually be announced – either after a certain time, or a certain number of replies, we’ll tally up each persons Terms and points earned and see who the leaders are.
So the next person’s Term has to start with G, H or T – and no using ‘Treynor-Black Model’ 😀Anonymous 23 Mar 2017 at 4:15 pm
Exchange Traded Fund: A security that tracks an index, a commodity or a basket of assets like an index fund, but trades like a stock on an exchange, thus experiencing price changes throughout the day as it is bought and sold.
ETFs trade throughout whole day, so prices are always updated, while mutual funds only have a price at the close of the day. ETFs are also cheaper use compared to mutual funds.
Growth Investing – Investment strategy that focuses on investing in equities with relatively high fundamental ratios like P/E,P/B . In short, a security that is priced high relative to earnings or assets. The relatively low earnings compared to price indicates high earnings growth potential.
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