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The frustrating part is that, in real life, internalizing 90% of the material really well is far more important than knowing 100% of the material bookishly. I thought CFA was a practical exam, not so theoretical, but I was wrong. It’s not like finance is theoretical physics with their flights of fancy about superstrings. It’s the most practical subject that exists. Which is why the academic focus was jarring.
EDIT:
It’s not a bad idea to hold 5 3-hour exams and then they can test everything thoroughly; you won’t hear me whine about obscure material.

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