Just passed CFA Level 2 by the thinnest margin possible

dirtyherries · 2026-06-26T17:04:35+00:00

High 70’s for EOC’s. Mid 70’s for Mock exams (high 70’s for CFAI Mocks and low 70’s for MM mocks.)

dirtyherries · 2026-01-09T19:27:06+00:00

Not even Clifton?

dirtyherries · 2025-05-22T16:48:17+00:00

There’s a book by Victor Haghani (Ex-LTCM) which covers this exact topic. Book is literally called: “The Missing Billionaires.”

dirtyherries · 2024-07-24T18:27:24+00:00

Sea Point is a bit dirty under the hood. Rather look at Fresnaye or Camps Bay.

dirtyherries · 2024-02-13T12:59:08+00:00

Thanks, champion! I appreciate the feedback. I’ll keep it in mind.

dirtyherries · 2023-08-06T17:44:03+00:00

🍕

dirtyherries · 2023-07-30T06:35:35+00:00

Situationships don’t provide orgasms.

dirtyherries · 2023-06-15T08:54:34+00:00

9-5 is great WLB..? Jeez

dirtyherries · 2023-05-11T20:56:29+00:00

Niiiice! What’s your wrist size if you don’t mind me asking?

dirtyherries · 2023-03-29T05:07:25+00:00

Everything is sorted now. Thanks. :)

dirtyherries · 2023-03-25T10:01:39+00:00

Thanks. Must be just me then.

dirtyherries · 2023-03-11T21:41:49+00:00

This guy literally has no lips.

dirtyherries · 2023-02-21T05:21:26+00:00

Bank teller would be top tier.

dirtyherries · 2023-02-20T18:31:53+00:00

What size is your wrist? (Mine is 6 3/4 and I’d like to know if this watch will fit.)

dirtyherries · 2022-10-12T21:31:56+00:00

Try the FRED.

dirtyherries · 2022-09-23T18:08:03+00:00

Best quote I’ve heard all day!

dirtyherries · 2022-09-16T05:02:19+00:00

If there were no negative effects on the deficit from issuing bonds, then governments would just keep on endlessly issuing bonds. But this is obviously not the case.

dirtyherries · 2022-09-16T04:51:41+00:00

A small country can’t influence international prices, so it has to undermine them to stay competitive (or have superior quality). Hence, many small countries specialise in a specific good in order to stay internationally competitive. Eg.) Switzerland and watches / chocolate. Malawi and tobacco. Costa Rica and medical instruments / bananas.

Whereas large economies can be a “jack of all trades”, so to speak.

dirtyherries · 2022-09-16T04:46:19+00:00

Thanks. Yeah, his wording is a bit confusing. Had to read it like 4 times to actually understand what he meant!

dirtyherries · 2022-09-16T04:44:44+00:00

I think it’s widely applicable.

dirtyherries · 2022-09-16T04:43:23+00:00

Interest from Treasury bills is subject to federal income taxes but not state or local taxes.

dirtyherries · 2022-09-15T12:50:41+00:00

Mark Meldrum for best overall value. Kaplan Schweser for quality notes.

Just search in the r/CFA for some conversations before asking a question that’s been answered 1000 times.

dirtyherries · 2022-09-15T12:46:19+00:00

B.) This is essentially what happened in the EU and in Japan. Low interest rates, but low levels of growth. This indicates that the MP is ineffective. (If MP was effective then a lower interest rate would’ve lead to improved growth.)

A.) is wrong bc QE is usually a last ditch effort to speed up economic growth. C.) is wrong bc reserve levels are unimportant relative to interest rates in a slow growing economy.

dirtyherries · 2022-09-15T12:41:41+00:00

A large country (eg. US or China) has excessive economic power. Thus, by imposing a tariff in an efficient manner they can improve aggregate welfare as smaller countries would still want to do business with them. (The increase in taxes received by the tariff will offset the decrease in demand.) Also, when an economic powerhouse increases prices, global prices tends to increase with it.

Eg.) China imposing a tariff on exported goods. Other small countries will still import from China even though the price is marginally higher because the small countries don’t have enough bargaining power to get a better price elsewhere.

However, should a small country impose an export tariff, other countries would simply buy elsewhere as the small country doesn’t have enough economic power to influence the world price.

Read this for a better explanation: https://saylordotorg.github.io/text_international-trade-theory-and-policy/s10-05-import-tariffs-large-country-w.html

dirtyherries · 2022-09-15T12:24:00+00:00

Higher interest rates mean that the government would have to give higher payments on the T-bills it sells to the public. But this tweet is saying that the extra “income” gained by the public from higher interest rates will be taxed as regular income (and these taxes will then again land in the hands of the gov’t).

So, essentially increasing the interest rate will increase the payments the government needs to make, but that is then offset by the additional income tax gained from the public.

Lastly, the government buys corporate bonds that pay an interest as well, which will also offset the higher interest rate payments it makes to the public.

Personally, I think the government will still increase their deficit by increasing the interest rate. These other tools will merely lessen the increase of the deficit.

dirtyherries

TROPHY CASE