Category Archives: CFA

My recommended CFA exam study schedule

CFA is really hard to get. What makes me laugh is to read on forum how easy it is to get prepared for it (2 months look like being overtime to many people). Well in the end, people writing these posts might be very smart, but only around 30% manage to pass level I and merely 50% for level II and III (knowing that these people have already successfully passed level I, ie. they do know it’s not a piece of cake at all => population is not the same => 50% pass-rate cannot be compared directly to 35% passrate […]

PRM vs. FRM – why I chose PRM

As you might now, I am undergoing the CFA examination. CFA gives you an incredible indepth transversal knowledge of the finance area and I am grateful for that. In the mean time, I’m quite a techie guy => looking for advanced quantitative stuff as well. I strongly believe an advanced quantitative education is a strong complement to CFA designation. Being interested by growing area of risk management, I had a look at possible credible designation available on the market. Naturally I stumbled upon FRM for Financial Risk Manager (http://www.garp.com/frmexam/ from GARP). After digging a little bit, I found that another […]

cfa cbok: summary vs. conclusion

I am preparing CFA level I, and I must admit I’m pretty impressed by the amount of required knowledge. It’s indepth knowledge on almost all key fields in finance (corporate finance, market finance, economics, statistics/econometrics… including ethics!), well you’re not asked to have a phd in those domains, but indepth mastering is still required (surface knowledge won’t do it given the amount of data in each domain). By preparing just level one, you’re sure to get enough background to speak with specialist on each domain. For this, a big thank you to CFA (personnaly what I share most, is the […]

Qu’ont en commun Madoff, le CFA, la confiance et les marchés financiers ?

Le scandale Madoff Le monde des hedge funds vient d’être tout simplement secoués par le scandale Madoff, un gigantesque système pyramidal touchant plus de 50 milliards de dollars. Concernant cette affaire Madoff, quel est l’élément gênant ? Une fraude pour détourner de l’argent ? Non, il n’y a pas d’argent détourné, après tout ceux qui ont pu retirer leur billes à temps en sont les grands gagnants. Les pertes réalisées par Madoff ? Non, dans le contexte de crise sans précédent des marchés financiers, il est tout à fait compréhensible que le fonds géré par Madoff ait également été atteint […]