former

Good point SFA, but.
Overall, my point is that CFAI should stop worrying about whom they are rewarding/punishing and focus on what they want candidates to truly know. So yeah, in theory they want us to know the whole CBOK including GIPS trivia. In reality, to help us be better analysts, they should concentrate on the bedrock concepts like portfolio management. A really good money manager could easily fail the AM exam, which is a pity.