CFA CFA Level 1 Is it mandatory to study the CFA curriculum for equity investments?

Is it mandatory to study the CFA curriculum for equity investments?

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      Equity:Market Organisation , Market indices and Market efficiency
      Equity Analysis and Valuation.

      I am not from the commerce background , so I was told to study it from the curriculum rather than from schweser because it is exhauustively explained in Schweser for a beginner . What is your take on it?

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      I obviously meant it is “NOT EXHAUSTIVELY EXPLAINED”

    • Avatar of Zee TanZee Tan
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        @karanv_10111 it’s not exhaustively explained, but that’s why it’s easier to go through Schweser.

        For your case I’d advise to use Schweser as primary, and clarify with CFAI curriculum.

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        In my opinion, the problem with Schweser is not that the explanation is too summarized, although the “paranoid” in me is always afraid there will be things in the test that Schweser didn’t think was important.

        To me the real problem with Schweser is that sometimes it does explain some things incorrectly. I’m using CFAI and Schweser for Level II and have seen at least a handful of examples with this problem (and I’ve covered about a third of the material so far). Of course, this doesn’t mean that you cannot pass the exams by relying solely on your study of Schweser; we have testimony of a few people who have done it (@Sophie being the first that comes to mind). But the thought that I’m getting information that has already been processed by a third party who has decided what I should learn, and worse, gets me some wrong stuff… that gets me pretty concerned. Having said all this, I’m still using Schweser for Level II, but very critically: I correct it when I find something’s wrong and keep all my notes within Schweser as a summary, which I’ll use for my final month review.

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        @karanv_10111 i believe cfa curriculum is very vast and you need a lot of time rather than Schweser. In the exam you will find very conceptual questions and Schweser will cover that easily.
        I am also from non commerce background and i used schweser notes and I don’t find any difficulties. I also want to say that equity is very interesting topic which is not just for passing the exam but you can understand,feel it better if you follow the market.There are so much things which you can learn for e.g-> How the Nifty is formed-is it free float method or something else?
        so these type of concepts are present in the cfa syllabus which you can apply it in your daily life.

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        @karanv_10111 i would go through both in your position. The wording and the length of explanations are different but the concept is the same. If you find that confusing, stick to your primary study material, and use the other books in case you think you are facing difficulties and then go through them. Do questions from both though.

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