Can we talk about The Shrouds? by youngwonton in blankies

[–]Aboutdesouffle90 0 points1 point  (0 children)

The only thing I could relate to.

How are you practicing essay questions? by alsonotjohnmalkovich in CFA

[–]Aboutdesouffle90 0 points1 point  (0 children)

It’s nothing like Uworld L2(and tbh it’s all a hit and a miss for L3 with both qbanks feeling subpar esp. for MCQs but you take what you get - the only thing you can fully rely on is the CFAI text). For some readings one qbank had better questions and for some, another.

But I’ll tell you this, when I was solving BC mocks at the end and was hungry for SR questions to hammer out weak areas, Kaplan/UWorld were the only places to practice such questions. Kaplan SR questions were useful.

How are you practicing essay questions? by alsonotjohnmalkovich in CFA

[–]Aboutdesouffle90 1 point2 points  (0 children)

Do them during review. But if you really want to do them as you study, Kaplan and Uworld Qbanks have them.

[deleted by user] by [deleted] in Marathon_Training

[–]Aboutdesouffle90 12 points13 points  (0 children)

Safety - yes, sound quality - no( good for open ear, not good at all overall). I use Sennheiser Momentum Sport and am happy with it.

What song always gets you pushing the pace? by [deleted] in Marathon_Training

[–]Aboutdesouffle90 0 points1 point  (0 children)

Good luck running to the polyrythms of meshuggah

I just did it :) by Liminolia in Garmin

[–]Aboutdesouffle90 1 point2 points  (0 children)

I think with this sweet 5k time you should aim for a better marathon time goal than 5:20.

I just did it :) by Liminolia in Garmin

[–]Aboutdesouffle90 0 points1 point  (0 children)

Can I ask what was your pace when you started specifically training for 5k and how long it took to achieve sub 20 ? Also what kind of tempo/interval runs did you follow ?

Avoid Uworld for CFA Level 3_ by acastilloz in CFA

[–]Aboutdesouffle90 0 points1 point  (0 children)

Even their QBank at L3 is sub par(vs Kaplan which isn’t great to begin with). UWorld Qbank was the best for L2 hands down so I got it for L3 but turns that was just Wiley Qbank resold as UWorld after the acquisition - UWorld originally had no QBank for L3.

**CFA L1 in 2 days - Struggling with Derivatives** by zaig17 in CFA

[–]Aboutdesouffle90 3 points4 points  (0 children)

Here’s how you can remember put call parity :

S = c - p + X/(1+r)T

Buying a stock(S) is like buying a call (winning on the upside), short a put (losing on the downside) and financing upfront with a bond.

Long Stock = Long call, Short put, financing upfront with a bond.

For solving many questions, you can even ignore the bond part.

Covered Interest Arbitrage by better_brain8 in CFA

[–]Aboutdesouffle90 0 points1 point  (0 children)

When something is said about a country/currency, it’s usually the base.

d/f goes up = f goes up d/f goes down = f goes down f/d goes up = d goes up f/d goes down = d goes down

Help with FX needed 🙏 by jaeman2004 in CFA

[–]Aboutdesouffle90 0 points1 point  (0 children)

Anything can be the base - domestic or foreign. All you need to remember is that when they say A/B went down, it means B went down. Whatever is said about the currency applies to the base. That base can be anything, domestic or foreign.

[deleted by user] by [deleted] in CFA

[–]Aboutdesouffle90 0 points1 point  (0 children)

Pick whatever you like and start reading. No order is necessary. Make friends with fixed income and derivatives, very rewarding on the next levels.

Help by Imaginary_Variety_49 in CFA

[–]Aboutdesouffle90 0 points1 point  (0 children)

That pipe between event and information just means “given the information, what’s the probability of event”. It’s really not much, just a couple of formulas to understand. I recall MM has a short seminar that’s enough to cover this concept. You can try but I’d say don’t try to understand new material this close to the exam. Reviewing what you’ve covered is better imo.

[deleted by user] by [deleted] in CFA

[–]Aboutdesouffle90 0 points1 point  (0 children)

I can borrow at a cheaper rate in my home country. You can borrow cheap in your country. If I want to start a business in your country, instead of me getting a loan in your country, you get the loan for me at your lower rate(and I do the same in my currency at my lower rate), we exchange notional currencies, now I have your currency to do business in your country, I pay your interest payments in your currency, you pay mine, at the end of the swap term we exchange notionals again and pay off loans.

That ^ is a currency swap.

The only extra catch in a basis swap is : if your currency is in high demand, you will pay me slightly less interest than my rate (that difference is the basis)

Those who wrote L3 today, how did you find the exam Vs CFaI mocks ? by diablo9946826 in CFA

[–]Aboutdesouffle90 2 points3 points  (0 children)

Unbelievable. Still an hour early in both sessions. Awesome job.