The dust is settling following the wedding (and so is my stomach after all that food!), and things are getting back to normal. We had a wonderful Brazilian dinner last night with a few friends from the wedding that helped us during the day, and our wedding photographer was in attendance to capture some of the happy moments. Too much meat has left me feeling slightly peaky today, but I should be right as rain tomorrow.
As for the CFA study, I am in week two now, having looked at Ethics last week. Ethics provide to be a little tricky, but not too challenging. Most seemed to be almost common sense, but there are parts where a candidate needs to learn to think like the CFA Institute wants you to, not as you might intuitively think. Nonetheless, Ethics accounts for quite a large chunk of Level I, and I need to make sure I get it licked to stand any chance of passing the exam.
I started on quants yesterday, only to find that my shiny new calculator kept giving me rather odd answers. The Stalla guide is fairly idiot-proof, and I was following the key strokes to calculate annuity payment, but was getting vastly different answers to those that the book was suggesting. Them, I just got a few error messages. So, quick as a flash, I switched to Economics (micro) to make the bets use if the remaining day. I sat the mock exam I have on CD, thinking that, given that I used to LECTURE micro-economics, I should be okay.
No such luck.
No study or revision, and I managed a measly 57% on the multiple choice. But several of the questions were fairly ambiguous, and given that my calculator wasn’t working I estimated many calculations involving elasticity and marginal product/revenue/cost et cetera. I’ll hit the books again tonight, and try to remember some of the formulas for elasticity.
Just as a final sign-off, if you need a laugh on a Monday, tale a look at this article. I should stress that the subject matter is not funny – but look at the author of the piece…
As a final note, I see that we are under 5 months from Christmas.
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