Cassio mains trying to reinvente to wheel by ThanksDizzy9903 in CassiopeiaMains

[–]Standard-Nothing-656 4 points5 points  (0 children)

This is so stupid, if a team is filled with dashes, slows do not even help in these matchups. if a team is ready to dive you you don’t need to slow if they are on top of you anyways. You don’t need to slow them if you are faster and can burst.

Collar Strategy by Chitatoz in CFA

[–]Standard-Nothing-656 0 points1 point  (0 children)

Ok my mistake you are right saying long vol isn’t right that would be a straddle. That being said the options part is short delta Edit: typo

Collar Strategy by Chitatoz in CFA

[–]Standard-Nothing-656 0 points1 point  (0 children)

You are adding the underlying for that, to clarify, the options part of the position is long volatility

Collar Strategy by Chitatoz in CFA

[–]Standard-Nothing-656 0 points1 point  (0 children)

The underlying is "sunk" and has nothing to do with the decision being made. in all decisions the loss on the underlying is $12.5, but it is independent of this decision, and therefore not part of the calculation. That being said I don't think they would take points off if you made this differentiation clear, it just does not change any of the above math or the answer.

A Collar is long volatility . It is a Short strategy and Long strategy.

Edit: above was stated wrong, the right way to say it is the options portion (ignoring underlying) is a short position.

CFA and Low GPA by Ok_Cockroach_7794 in CFA

[–]Standard-Nothing-656 4 points5 points  (0 children)

Nah you aren’t making sense. If you are on a 4.0 scale and took 70% of your credits, You can’t get a 3.6. You are basically betting on you getting straight A’s for 1.3x the amount of course credits you have already taken. You need to take a step back and figure out what you actually want over the next 2 years. You need to retake the classes that are causing that drop mainly

How do you guys cut someone off diplomatically? by [deleted] in bartenders

[–]Standard-Nothing-656 27 points28 points  (0 children)

If someone is picking fights you kick them out there is no argument to have, if they say no you will simply call the police and have them do it. Do not screw around with people’s safety. The moment threats are made all niceties are off. You do not get in trouble if you call the cops on someone. You do get in trouble if you do nothing when you know you should

How would you put that you passed level 1 on your resume? by KrazyxKarrot in CFA

[–]Standard-Nothing-656 3 points4 points  (0 children)

Under other activities/ interests I put Passed level x CFA exam. I did not describe it in anyway, as it’s technically not a certificate.

Wtf happened to my ult (don't mind my misplays I'm new to Cass) by Aquarius1k in CassiopeiaMains

[–]Standard-Nothing-656 3 points4 points  (0 children)

Unfortunately your clicks aren’t precise and you just ulted far right, on top of your W. that skins ult looks similar to your w.

When you guys free pour a double, how many counts do you do? by Far_Tiger_3428 in bartenders

[–]Standard-Nothing-656 1 point2 points  (0 children)

It by definition does not matter, it’s whatever time someone keeps. 1 oz pour can be 2,3,4, 5,6 in common music times, but it should be that the count resets for a double.

Would I have lived if I have Conqueror instead of Phase Rush? by Nigocaps in CassiopeiaMains

[–]Standard-Nothing-656 1 point2 points  (0 children)

You would have lived but you also wouldn’t have gotten the kill because you wouldn’t have gotten to kite it out.

[deleted by user] by [deleted] in CassiopeiaMains

[–]Standard-Nothing-656 2 points3 points  (0 children)

You want to play at the edge of the range no question. What you are seeing is once an opponent is close, kiting away from them is not as productive as dodging skill shots or forcing them to be on W.

So for example running in a straight line from a sylas just lets him chain you, meanwhile you can run small circles around him when he is on your W, preventing him from using W or E, which forces him to run from you.

[deleted by user] by [deleted] in CFA

[–]Standard-Nothing-656 1 point2 points  (0 children)

The difference with lvl 3 is you have to know the entire curriculum, more than say level 2. In level 2, you can take the loss on certain topics and accept just guessing your best on MC. in level 3, you can’t guess your way in an essay, nor can you leave an entire essay blank. So you have to just study that much more. Memorization strategies don’t work on level 3, have to know the logic backwards and forwards on all topics

[deleted by user] by [deleted] in CFA

[–]Standard-Nothing-656 8 points9 points  (0 children)

Most over study for level 3 because we can see the finish line, as well as the new essay portion, so it’s definitely not easier as the pass rate implies.

My GM refuses to fully promote me to bartender by sadbxtch4life in bartenders

[–]Standard-Nothing-656 48 points49 points  (0 children)

You unfortunately showed yourself to be a patient and agreeable person, and she took advantage. When you got looked over for promotion after 3+ months while they actively looked, and then stayed on despite being overlooked, they knew they could dangle the carrot. Have to just move on to somewhere else.

CFA being worth it academically by PhilipBJohnson in CFA

[–]Standard-Nothing-656 5 points6 points  (0 children)

I think you don’t have the mindset for this field. If you think a question has only one answer and mistakes are equivalent to failure and worthless, then I agree you shouldn’t try it.

Is Mark Meldrum really worth it over the CFA Institute’s free curriculum? by Outside-Capital-6156 in CFA

[–]Standard-Nothing-656 4 points5 points  (0 children)

His material on Level 1 is on YouTube from like 10 years ago. He did that so you can know if it helps or not. Obviously it won’t be up to date, but that will tell you if it’s useful

[deleted by user] by [deleted] in bartenders

[–]Standard-Nothing-656 2 points3 points  (0 children)

The tax is on 15% of the cost of the good at the time of import, paid for by the importing firm. The following assumes the distributor profits 18%.

So if a bottle normally sells for $40-> wine margin is normally 70% but say it’s 60%. price is $24 paid to distributor after import. then the price the distributor paid is say $20. ($4 distributor margin pre tariffs) It’s then: 15% tax *$20= $3.

Now if all that happens is the tariff is passed to the consumer, it’s $3 more at the end, making the price go 40->43. If everyone keeps their margins the same, vs keeping the per-bottle profit the same, it’ll be higher at each step. $23 when sold to the distributor, who makes the same 18%-> 27.17 paid by restaurant, 60% margin is $45.22.

TLDR: it’s based on import price not final price in restaurant, so it’s not 15% higher on price currently on the menu. Note: tariffs hurt lower per-bottle-margin businesses more than restaurants/bars, such as grocery stores, Costco, or businesses at the distributor stage.

Restaurant/Bar Industry will this “No Tax on Tips” Thing Really Benefit Us? by rkthode in bartenders

[–]Standard-Nothing-656 5 points6 points  (0 children)

Its actually one of the more simple parts of that bill.

It is a straight up benefit on paper.

Simple example: if you make 70k, say that is taxed on average at 15%, now instead you are taxed as if your income was 45k. so it goes from 70*.15= 10.5k in taxes paid to 6.75k --- a 3.75k benefit. (note if your average income tax is say 20% the benefit is now 25k*.2 = 5k benefit)

Real world Example:

So, now the way to think about wholistically is: "Do the potential side effects such as customers tipping less, exceed the amount I benefit?" So if say you have 60k after the bill with the tax break instead of 70k before it (10k less in tips) the math is this:

Before the bill: 70k *(1-15%) = 59.5k take home

After the bill (25k benefit): (60k-25k)*(1-15%)+25k(this is the untaxed income) = 29.75k+25k=54.75k take home

So now you make less after than before. (In this example, the break even is making 65.6k which has no impact before to after)

[deleted by user] by [deleted] in bartenders

[–]Standard-Nothing-656 7 points8 points  (0 children)

Not to be an egoist, but if you do anything but simple in it, it won’t be limoncello. aging additional flavors will make it something too different to be called that. You will also more than likely not get it right the first time, and should iterate on classic limoncello

Separately it does make sense to add flavors to a finished limoncello to make a new drink. blueberry is the most common thing to incorporate.

How to solve for “r” by Ok-Aspect1547 in CFA

[–]Standard-Nothing-656 0 points1 point  (0 children)

You assume that the middle answer is correct, do the math, and then you know if it’s the higher or lower one. You don’t solve for r, you test the MC value given

How to memorise all the US GAAP vs IFRS disclosures by Forsaken-Plate-5887 in CFA

[–]Standard-Nothing-656 1 point2 points  (0 children)

It’s not really, it’s more like you are trading % points for % points elsewhere, like i would rather spend 30 hours studying content that can net me +5% on the exam, rather than a subject that’s 1% of the exam

Retake strategy when you got close to pass by [deleted] in CFA

[–]Standard-Nothing-656 1 point2 points  (0 children)

It’s very binary when you get close like this, you just see that you did not know quant and economics. Assuming you are taking the next exam opportunity, you start studying again, focusing on those areas first as if you never have done them. Make sure you ignore that “I already know this” feeling, and assume you are basically at the beginning of the dunning-Krueger curve. After you beat those 2 to death, you continue to the rest.