jl553

regarding Ponzi scheme,I think it is very hard to say.

 

Can you imagine maybe the defined benefit pension plan itself is a Ponzi scheme - using active workforce's contribution to satisfy those who become inactive. Isn't this simiar Ponzi scheme as well? Isn't employee stock purchase program (usually called ESOP) in western countries a Ponzi scheme too,as senior management's stock (usually large in quantity) will benefit a lot more by employee participating increasing the demand and liquidity?

 

As a matter of fact,lots of economic phenomena in this world tend to follow Ponzi scheme. What do you guys think?

jl553

I doubt your argument would make sense to me.

 

Don't blame everything and don't take it for granted that corruption is everywhere like in mainland.I probably have to admit wherever there is human-being,there might be corruption.But on the other hand,we cannot just attribute anything to corruption.

 

I think this comes back to a normal issue amongst our Chinese - we never have any belief or we used to have belief but it's gone now - having no faith in anything leads to questioning almost everything.

 

This is what I can see in you,Albaba.

jl553

Albaba,I can't agree more with your comment regarding accumulating work experience is probably better way to learn about finance.That's what I have witnessed here in North America.Many of my classmates or professors start their career as trader or back office staff but through specific transaction and learning,they gradually moved up to sell side and buy side up to their own wealth management companies. To be honest,I am not sure how many people in the world are engaged in investment profession ( I would bet probably over 10M?) Look at how many CFA chartholders are out there? Less than 90K. I don't think CFAI has as much of influence as Ponzi scheme.

 

By the way,there is only this Ph.D Candidate being sent home for some personal reason,and why the hell you want to amplify this very individual matter?

 

If we Chinese want to play the game against our western rivals,we gotta understand the rules they formulated. This is after all a profession that is highly developed in western world,instead of China.If you want to compete against them,my view is,believe it or not,we have zero possibility of winning,at least for now.

 

Hey,be patient!

jl553

Albaba,China is falling into what US once experienced called pragmaticism.Your thought exactly is a reflection of that. I feel it a shame you think like this.A designation is not going to guarantee any success,as everyone knows if he/she is not stupid enough.It is the process of obtaining it that will help you advance in career.

 

Albaba,you simply blame the exam,which makes me sick of you.Sorry.

jl553

Then you should go ahead and show us the proof. Simply jumping to the conclusion withour thorough analysis can also be a violation of ethics

jl553

I wouldn't call all those proof.

 

I have a question to ask you,now forget about all the corruption happing in CFAi,which I am not in a position to comment on.What about the corruption that is currently going on in China now? That to me is going to cost easily more than $100 Bn/year.

jl553

JCCFA,let me teach you some E-N-G-L-I-S-H that you never encountered in CFA program: mentally impaired. That is better than saying "JCCFA is stupid".

 

I promise I will never say that again here -

jl553

QUOTE:

The morons assume others are as stupid as they are.     (exactly)  fficeffice" />

 

1. you assumed people like knightface believed CFA designation could get them into top tier IBs or funds. (I don't think anyone here "assumed" that!)

2. you assumed people who asked about receipt had no idea on how to pull out info from the CFAI website. (sometimes people might not be aware but it doesn't mean they have no idea - bad assumption again!)

3. As to NA degree, you assumed the havenot hate the have. (Maybe you assumed,didn't you?)

4. you assumed people talking in Chinese don’t speak English. (If so,why would I post in English?Funny) 

5. you assumed albaba was so stupid to believe CFA could guarantee a success... Sounds familiar? Yes, the same as the first one. You just assume others in this forum are idiots.

This can go on and on.   (It feels to me it's more of you assuming I assume others are idiots!Albaba is stupid if he just blames the exam or the CFAI - I confirm it now!)

 

At first, I thought you were simply cocky and judgmental. However, now I have to say, you are sick. Stop insulting good people in the forum. Phone a shrink. Seriously, you need help. (Yeah, I need help as I don't know how to communicate smoothly.)

 

As being said, never fight with morons, they will drag you down to their level and beat you with experience. (That is the only thing I cannot agree more with you - at least we have something in common - )

 

I am not going to “fight” with you. However, you deserve to know why I don’t like you. If you keep treating other CFAspacers disrespectfully, I am not going to speak either Chinese or English to you. (Right, find a third language then) There will be only F word for jerks. (That is a true you and I am sorry for such a poor guy)  Sorry for my French. (You finally found a third language - congratulations!) 

jl553

it's turning into a personal attack......

 

Maybe we should stop this b******t discussion. Who cares?