标题: Treynor Black CFAI EOC [打印本页] 作者: lunarfollies 时间: 2011-7-13 16:35 标题: Treynor Black CFAI EOC
What u guys think of TB CFAI EOC? they seem to be way too difficult and out of ths world. i m having diffculty understanding it.. Is Schweser reading and EOC enough for TB?
and question to retakers.. do u remember what was asked in Portfolio Management last year? i dont remember the vintage.. i think it was on portfolio concepts.. anyone ?
Edited 1 time(s). Last edit at Tuesday, June 1, 2010 at 12:10PM by CFA_10.作者: kingstongal 时间: 2011-7-13 16:35
I think, to me it's not that hard. CFAI will test basic ideas (I would hope)作者: kickthatcfa 时间: 2011-7-13 16:35
I'm a retaker, and I don't remember Treynor-Black showing up on the exam at all. If it was in there, it was superficial and basic. But then, they didn't have any pension accounting on the exam last year, either. But I wouldn't expect that to be absent two years in a row.作者: xilinx_altera 时间: 2011-7-13 16:35
understand what is happening, but the text on the front page says don't worry about forula's作者: b_sea93 时间: 2011-7-13 16:35
It's not that it's incredibly difficult but there are so many different steps and each step has several equations. It took me 40 minutes to work one of the TB EOC questions. It was the only time I had to set my calc out to 6 decimal places.作者: luda002 时间: 2011-7-13 16:35
My thought is to know the basics but skip formula details.
Active portfolio - just a few high alpha or negative alpha stocks
market portfolio -
risk free asset
Weights of active based on alpha and unsystematic risk
Small number of assets in active portfolio. you can short negative alpha's.
If you are confident in alpha forecasts then use higher weightings, but if you aren't then ease off the weight.
