The reading is quite revealing about the quality of analyst forecasts. I enjoyed reading this.
Though the main question is - if we are not supposed to use analyst forecasting then what are we supposed to use? - I don’t quite buy the authors arguments that analyst should analyze the present and 'understand what that means for the future' <-- isn't this similar to forecasting? May be there is a slight difference, I will have to research in this a bit more.
Wednesday, 16 December 2009
Tuesday, 15 December 2009
L3 Curriculum with references to the original book
The CFA Curriculum contains extracts from various books. This page lists each reading the the corresponding book/chapter of the original source.
I use if I require a deeper understanding of a particular topic.
http://spreadsheets.google.com/pub?key=tSc4sAmR6D5jVbPIaiBP8wQ&single=true&gid=0&output=html
I use if I require a deeper understanding of a particular topic.
http://spreadsheets.google.com/pub?key=tSc4sAmR6D5jVbPIaiBP8wQ&single=true&gid=0&output=html
Sunday, 13 December 2009
Started with Behavioral Finance
Over the last few days I have started with Behavioral Finance (Study Session 3). It is very interesting and it seems like quite an easy read as compared to what I had expected.
Moreover this study session (or at least till Study Session 10) I don't have to refer to any text from the previous two exams, other than the reference to Modern Portfolio Theory (Mean Variance) but not much. Additionally these reading's dont have any problem section at the end of the readings, I feel going through the problems take up the maximum amount of time and it also provides a very good reality check.
I still have to make a high level plan, providing a broad overview how I am supposed to cover all the study session and the order in which I am supposed to cover them. As of now the only thing in the plan is that I have to start with Study Session 1 by the 18th of April.
Moreover this study session (or at least till Study Session 10) I don't have to refer to any text from the previous two exams, other than the reference to Modern Portfolio Theory (Mean Variance) but not much. Additionally these reading's dont have any problem section at the end of the readings, I feel going through the problems take up the maximum amount of time and it also provides a very good reality check.
I still have to make a high level plan, providing a broad overview how I am supposed to cover all the study session and the order in which I am supposed to cover them. As of now the only thing in the plan is that I have to start with Study Session 1 by the 18th of April.
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