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Old CFA study material

Quick question, how out of date is the CFA materials from 2008/2007. Is it too risky to buy the old schweser materials from someone just to save a few bucks? Or should I go ahead and fork out the money for the 2010 editions? It all looks the same for level 1 at least in previous years. Any updates, etc?

It's always best to study from the latest materials. There have been quite a few changes from 2007-08 so if you want to sort through the LOS one by one and look for changes go right ahead. Might be cost-effective, but definitely not time-effective. There's also a good chance you might miss something.

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