@microeconomist
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Up5
Hi All, I am preparing for December and have just finished DTLs & DTAs along with IS,BS & CFS basics. I majored in econ, I love econ, econ and I are besties (don’t tell my wife, j/k she already knows). Accounting, not quite so friendly. My advice is to start NOW! Only perfect practice makes perfect. Semper Paratus.
Up5@bendujamin I am currently on FRA; your 1,2,3 approach is similar to mine. It is (1) video & outline (2) EOC & test bank questions (4) use FRA book to find reasoning behind wrong answers (5) rote memorization procedures (6) additional questions. Also, I fall asleep at night to the sweet sound of FRA audiobooks I-) I will be thoroughly programmed come test day.
Up5I can see that happening at an exam maybe once in a blue moon. I know two functional autistics (cousins). One is an actuary (light autism) and the 2nd does theoretical work in programming/coding that I cannot even begin to describe.
Although the 1st may not need a calculator for a cfa exam, the 2nd would most definitely not need a calculator. However, she cannot sit in a room for more than an hour at a time. Sometimes, she will use a calculator to get the process/mechanics/ocd trigger..something that she cannot explain… into her mind, but then it is there forever.
When she was 14 and I was at uni, she showed me shortcuts on how to solve micro problems involving differential calculus –some Prof’s would even ask me about my scratchwork after exams. I had to assure them that I was no genius [like that took some convincing :)) ] and that I had a math tutor.
Now that she is older and can articulate ideas much better, I need a wee bit o’scotch before we talk because her outlook on problems, and corresponding views on how to arrive at a solution, are just mind-blowing.
In fact, the autism rate here in California is so high, it would not surprise me to see 1 or 2 candidates without calculators in December.
Up5@MockTurtle oops, I was a bit unclear. Both of them are cousins and family friends.
Up5I still have not peeked ahead, but I might be able to help with this.
So we know that with collusion firms agree to avoid select competitive practices –such as price reductions (which they step-around by offering non-price incentives, e.g. reward cards, freq. flyer points). Since that undermines non-colluding competitors, I have to agree with @sakitime, if the number of non-colluding competitors is minimal and collusion efforts successful, the effect on the market sector will be substantial.
Firm-side, the causality would look something like: “successful collusion” leads to a portion of existing, non-colluding competitors dropping out of the market…leading to “abnormal profits” resulting in “new competition” attempting to overcome barriers to entry.
OPEC is a prime example of successful collusion.
Up5So I was wondering what are your networking techniques and not just to get a job but also for getting a promotion!
For better or worse, I default to:
1. being sincere, civil & humorous; but not clown-like or overly polite. I go for British humor with American down-home country mannerisms.
2. giving clients the feeling or impression that …I…owe…them… (after all I do like to eat every now and then), experience has taught me this works better than a McSmile tagged with “we appreciate your business, have a nice day.”
3. following up on the little things…across the board (clients, colleagues, associates, etc…). This is exhausting and requires unusual effort.
I’m sure some of this may help with life in a cubicle, but I haven’t been roped to one of those in a long while.
Up5no scratch? huh, who in the what! did you say no Scratch!! :(( looks i’ll be wearing sandals to the exam, maybe tattoo an abacus to my forearm as well. I can write on myself right? note to self: start forearm workouts to expand the real estate.
Up5I just finished the ethics summary that is listed alongside the mock. Nice find!
Up4Hands down, the best audio lectures I’ve heard are from Allen Resources. Also, Peter Olinto has very good videos.
Up4Very encouraging to read about all the passing scores. Well Done!!
Up4Almost forgot to mention, I go here for the ethics articles and subject matter intro articles:
http://www.cfapubs.org/loi/cfm
Also light reading.
Up4In the middle of QUANT at the moment –updating a couple of my old non-finance models from college at the same time, so learning it well. Embarrassed to say that I forgot wayyy more than expected. QUANT and ECON will be done within 3 weeks.
Slow going since I’ve been doing questions along the way. I was worried about running out when lo ‘n behold a family member stopped by and dumped all of her June CFA material on my doorstep. As much as I’d like to think it was out of love…she just wanted to see the look on my face as I unpacked the boxes. She was like, you have noooo idea, just before a disturbing bit of maniacal laughter.
Up4It was in a pile of QUANT notes that a family member dropped off to me. She only attended seminars in San Francisco, so a provider who holds seminars there.
Up4Just found it; 4 weeks prior to exam
Up4I just finished up the curriculum and will be reviewing FRA, Ethics & FI until the end of the month. I plan on taking a few days off before the mock exams. Don’t think I would be able to knock-out 2 books in 64 hours.
Up4My approach was to first memorize the correlation formula, then the correlation version of the portfolio sd formula. Also, I have an old habit of converting all variances to sd before attempting to solve anything. Beyond that, it just took a lot of ink and repetition.
Up3@Lilas @singhanand98 My process on where to begin is a bit unconventional, but effective for me. I took the subject I’m weakest in (accounting) and showed the topic list to a seasoned CPA. He told me which topic would be the most difficult for someone with no accounting background -deferred tax (along with CFS creation). Starting with the most difficult thing forces me to devise an efficient & effective process/routine/habit *-:) . Also, conquering the most difficult thing is always a huge confidence booster! Remember my sig :-bd
It seems directed comments are beyond my capacity today lol
Up3I recommend Allen’s mp3s and use them for nocturnal programming. Also, I have learned a lot of practical shortcuts from the FRA “problem series” videos. However, in my opinion, Allen’s customer service can be better. They will not allow the direct exchange of one service for a similar, equally-priced service.
Nonetheless, after I receive reliable intel on which specific videos Olinto will be conducting for 7city, I will ordering those in level 1 & 2.
Up3Around a decade ago, regarding professionalism, a seasoned trial attorney told me that avoiding the appearance of impropriety is just as important as avoiding the impropriety. After many court appearances, admin hearings, gilded finger pointing, 180s out of elevators, etc… nothing ever came about because I always followed that advice. And he didn’t even charge me for it!
