首页 | 学习中心 | 注册 登录
返回列表 发帖
bchadwick

UID
222250 
帖子
515 
主题
123 
注册时间
2011-7-2 
最后登录
2016-4-19 
1# 跳转到 » 倒序看帖
打印
tT
发表于 2011-7-13 13:47 | 只看该作者

Is it just me or is the CFAI long winded and not to the point

everyone, finance, finding, really
Hi guys, I'm on book 2 right now and I find the behavioural finance section all over the place and don't really focus on the main point... Is this just me or is everyone else finding the same thing?
收藏 分享

canadiananalyst

Rank: 2

UID
222292 
帖子
399 
主题
8 
注册时间
2011-7-2 
最后登录
2014-6-29 
2#
发表于 2011-7-13 13:47 | 只看该作者
yup... first look and found it extremely fresh and informative... but left with a feeling.. where is this leading to??... how r we going to get tested on it??... no Q's at the end of the chapters doesn't help either...

will have to wait till schweser notes is out for the year...

TOP

IAmNeil

UID
222300 
帖子
619 
主题
52 
注册时间
2011-7-2 
最后登录
2015-12-20 
3#
发表于 2011-7-13 13:47 | 只看该作者
What I don't get is, how is the CFAI books so important then if the material doesn't flow that well....

TOP

Unforseen

Rank: 2

UID
222295 
帖子
348 
主题
4 
注册时间
2011-7-2 
最后登录
2014-6-29 
4#
发表于 2011-7-13 13:47 | 只看该作者
its taken you 6000 pages to realize this?

TOP

Chuckrox

Rank: 2

UID
222315 
帖子
427 
主题
12 
注册时间
2011-7-2 
最后登录
2016-4-19 
5#
发表于 2011-7-13 13:47 | 只看该作者
GreenTomato Wrote:
-------------------------------------------------------
> Hi guys, I'm on book 2 right now and I find the
> behavioural finance section all over the place and
> don't really focus on the main point... Is this
> just me or is everyone else finding the same
> thing?

Really? I read through SS3 (Behavioral Finance) and I thought it was very well written. Each of the examples and probability questions have been built carefully to demonstrate the author's arguments. For instance, did you solve the probability problem on page 10 to figure out the correct answer of 96.04? Unless you know how to arrive at the correct answer yourself you are not going to be able to figure why people frequently go for the wrong choices (45% & 67%) - heuristic driven bias.

The readings are fully focused on the topic at hand - though it's not easy material to grasp.

TOP

Windjam

Rank: 2

UID
222304 
帖子
402 
主题
6 
注册时间
2011-7-2 
最后登录
2016-8-13 
6#
发表于 2011-7-13 13:47 | 只看该作者
I find this whole study session to be built as (quite Ironically) a heuristicly learnt area.

there are quite a few new words and ideas to learn, and I assume we will need to identify these on the test, but few definitions and not a single one that could be looked up in the book's glossary. Most of these new words we are to derive for ourselves through examples and no clear cut "this is what it is" type of reading.

Don't get me wrong here, I can figure this all out from the examples. But let's be honest, learning through heuristics does open us up to interpretations and biases; which is why we have this reading in the first place. I would much rather have black and white material to learn from and have my memory/understanding be my downfall on the test rather than greyish interpretations.

Thanks,
Fin

TOP

liangfeng

UID
218211 
帖子
659 
主题
120 
注册时间
2011-5-26 
最后登录
2012-9-12 
7#
发表于 2011-7-13 13:47 | 只看该作者
I guess there's nothing clear cut about investor behavior to say this is what it is :-) The readings illustrate generic behaviors and I suppose the test will make us apply it to different scenarios - and I'm certain there's gonna be greyish interpretations.

It's a master's level program and memory will not cut it.

TOP

cityboy

UID
222290 
帖子
1126 
主题
88 
注册时间
2011-7-2 
最后登录
2016-4-16 
8#
发表于 2011-7-13 13:47 | 只看该作者
Doesn't flow well compared to what? Behavioral finance in particular is a squishy area and not something that lends itself to full understanding upon first pass, though I thought it was one of the more interesting topics for LIII.

Of course, I didn't get swap pricing, pension accounting, 2 bond hedge, and a lot of other stuff in the program on first pass either. Did you?

TOP

返回列表