Most difficult LOS's difficult

bapswarrior

Can any one list down the most difficult to study LOS's in Level 2

xilinx_altera

Equities: inflation forcasting together with Residual income valuation approach is hard.
long process, multistep calculations, messing up 1 small calculation can screw you up

corporate finance: replacement project NPV valuation;
long process, many factors to be taken into account: depretiation, ending value, selling value etc. again, messing up 1 step will get you no where.

FRA: translation and remeasurement in hyperinflationary economy for cash and non-cash items

Derivatives: dynamic/delta hedging; swaps

SeanWest

wake2000 Wrote:
-------------------------------------------------------
> currency swaps are nasty cousins.


+1. Freaking currency swaps are the worst. Nothing like trying to answer one of thoes questions on the pM session after your brain is already fried.

Palantir

Just dont give up.
From my experiences from L1, to materials I found hard to digest at the first time, re read it after a while may work better, because you have a bufferint for reflection. This method works as well in my financial reporting class. Of course it's not recommended for people lacking of time for prepartion, but im sure you are not among those.

ohai

I don't mean to turn this into my personal blog, but I think the suggestion of just lightly reading over quant was a good idea. I barely understood what the heck I was reading actually going through the chapter on time series (R13). So I went straight to the end of chapter summary and questions and I understood it all perfectly after that.

I'm starting to wonder if I'd by saving time with Schweser or something like that to help me understand the readings better.

dvilayphet

The middle SS of FRA (covering pensions, multinational operations and intercorpoate investments) is pretty intense. Take some time getting through it.

Chuckrox

what you need to know about quant is so superficial anyways! dont worry too much

random_walker47

Well I went through *reading* 11 and I feel like most of it was pretty simple. I didn't quite grasp the ANOVA stuff as well as I did the other stuff, but I get the general idea.

Reading the blue box examples is very helpful to clear things up.



Edited 1 time(s). Last edit at Saturday, August 20, 2011 at 09:55AM by 99 cannon sloop.

dvilayphet

i believe the most difficult vary depend on individual background & interest

some people said derivative is tough, but i found it quite ok to me

i spend lesser time in ethics, probably i found that no matter how much effort i put in, my score in this subject is still maintain at an optimal level, hardly improve from this, and you can never be very sure & confidence you are getting the right answer in the exam, relatively compare to others subject

AI has the lowest examable value to me, the material that you need to study is wide, not easy to digest, various topics likes commodity, property, private equity, hedge fund... need to cover, and yet it has only one vignette

i like economy, so i dont have pressure to study it even though is only 1 vig

QM is scorable, as long as they dont ask so many question on time series

& to pass, we must make sure we cover FRA and Equity well, coz these 2 add up can be 10 vignettes, 50% of the exam marks, i doubt someone can pass if he did poorly in these 2 subjects

Roflnadal

I had all the swaps down cold but still couldn't manage to answer a single question correctly when doing interest rate swaps in different currencies, there just seemed to be too many moving parts