@sascha
Forum Replies Created
-
Posts
-
Up5
I think Schweser should be sufficient (except for ethics maybe), you just have to make sure to do as many mock questions/mock exams as possible.
Up5@DollarsToDonuts 武蔵境いいね！中央線だよね？ICUどうだった？僕は世田谷区に住んでいたよ。明治大学に留学した。
@Diya I am probably biased, but you should look into Austria too. Uni is quite cheap there as well. And Vienna is amazing for students 🙂
@Zee That sounds like a great experience. Berlin is quite nice.Up5This is indeed very helpful. Cheers @vincentt and @christine!
Up5I am up for it 🙂
Up4Great story, thanks a lot for sharing! I have a similar experience with a stress ball. It never seizes to amaze me how the simplest things can make the biggest difference. 🙂
Up4@sarah Thank you for sharing your experience. Great post!
This time around I have a more structured studying plan (which I actually enforce, as the plan never seems to be the issue, the implementation is where it always gets tricky for me) and try to be more consistent and focused.
I still do not think that you do have to completely sacrifice your social life and recreational activities. Of course everybody works differently, but I find that small breaks are just as important as concentrated effort. I can really recommend Josh Waitzkin’s book “The Art of Learning” in this context.
Up3christine@ This is an amazing read. Thanks!
I would also recommend “Fooled by randomness” by NNT (Nassim Nicholas Taleb). Don’t agree with all his conclusions, but very thought provoking.
Up2This simple Think-Do-Relax routine actually works wonders for my daily productivity. Thanks a lot for sharing!
Up2Congrats to everybody who passed! 🙂
Unfortunately I didn’t. And I was in band ten, which makes it quite painful… 🙁 And it was not ethics, but fixed income, of all areas, that was the deciding factor…
Still, I will sign up for December straight away.
Up2Normal Profit is the difference between Accounting profit and Economic Profit. So not Accounting profit less implicit opportunity cost, but Accounting profit less Economic profit.
In other words, the profit that is necessary to cover the opportunity costs. So if Accounting profit equals Normal Profit, your Economic Profit will be 0.
It is very accessible if you write the equation down and rearrange:
AP = EP + NP
EP = AP – NP
NP= AP – EPI hope this helps 🙂
Up1BA Japanese and Japanese Studies, with Economics & Finance Minor
Up1Nice to see so many other people here who are into languages as well. 🙂
Would like to learn Arabic because I like learning different writing systems. Also might come in quite handy working in AM or PWM.
@james010 長野いいね。僕も二年間東京で留学し、日本にすんだことがある。
@DollarsToDonuts 東京のどこに住んでいたの？
@policedog Agree with you. As a native speaker I am a bit disappointed that it does not get more love from people. I guess it’s not exotic/sexy enough?Up1I vote for “That’s Life” by Frank Sinatra
Specifically because it fits so well with the CFA timetable:
“You’re riding high in April,
Shot down in May.
But I know I’m gonna change that tune,
When I’m right back on top in June.” 🙂Up1Hi James,
It is a hypothetical equation in both cases, so these numbers are simply made up.
In case of Q(dx) = 8.4 – 0.4Px + 0.06 I – 0.01Py, note that 0.01 is not the average price of a car in thousands. Py is the average price of a car in thousands.
Also, don’t worry too much about the numbers here, it is more important to understand how the variables interact, in this case for example: as the price of cars goes up, the quantity of gasoline demanded goes down.
Hope this helps 🙂
Up0To give an example: A firm has AP of 1,000,000 and implicit opportunity cost of 500,000. In this case, NP would be 500,000 (equalling the opportunity cost) and Economic Profit would be the difference between the two, 500,000.
Up0Hi all! I am Sascha from Austria, currently based in London and trying to break into AM. CFA lvl I (June) candidate. Looking forward to being a member and contribute to the community 🙂
Up0“When Genius Failed”, by Roger Lowenstein, about the rise and fall of LTCM
