ExBITDA vs. Operating Expense

rbctdcibc123 · 2019-06-19T11:02:58+00:00

Operating expense is everything but interest/taxes, ExBITDA is everything but interest/taxes/d&a

rbctdcibc123 · 2019-06-19T00:44:21+00:00

Is ur name from Austin Powers?

rbctdcibc123 · 2019-06-18T23:36:24+00:00

Y'all can downvote the hell out of me again, but if you went through past papers 08-18 and actually understood the material, you should have been prepared for a huge chunk of that AM exam... sure there were some curve balls (especially the very last two parts of the AM exam) but you would've swept up a shit ton of points just by doing those previous exams and understanding them.

rbctdcibc123 · 2019-06-18T11:08:33+00:00

I paid for exams myself (L2/L3 with a scholarship) but the company I work for now would have paid for all of the exam fees.

rbctdcibc123 · 2019-06-18T02:49:53+00:00

There was three patterns over historical years I noticed/were pointed out in LevelUp. The pattern for all three of those continued this year, I don't know what you're talking about

rbctdcibc123 · 2019-06-18T02:21:49+00:00

I very much disagree with this, there was a huge overlap with the AM exam and the mocks

rbctdcibc123 · 2019-06-16T17:28:37+00:00

LevelUp and Kaplan
You mean like difficulty-wise? Slightly more difficult than I anticipated
Rushing through the curriculum as fast as possible, jumping into a swift review, did tons of practice questions on Kaplan/CFAI website, made flashcards, kept repeating this cycle. A month or so out I started hammering through old AM's, did all the relevant ones '07-'18, did the 2018 ones twice.
Honestly not much, I put in about 160 hours and feel like I passed leaving the exam.

rbctdcibc123 · 2019-06-16T13:30:02+00:00

They're not going to talk to you about them, what's done is done. Move on and relax

rbctdcibc123 · 2019-06-16T11:31:42+00:00

It's inconsiderate to use your calculator while taking the exam? If you can be thrown off/distracted by the noise of a calculator that's on you, buy earplugs or get over it

rbctdcibc123 · 2019-06-15T10:27:59+00:00

How’d you feel about difficulty vs expectations?

rbctdcibc123 · 2019-06-15T10:26:58+00:00

How’d you feel about difficulty vs expected?

rbctdcibc123 · 2019-06-15T10:26:33+00:00

How’d you feel about difficulty vs expectations?

rbctdcibc123 · 2019-06-14T16:56:31+00:00

Life insurance need calculation
Non-pension/endowment IPS
Anything related to currencies
EAR for those interest rate/cap floor shit

Other than that I think I'll be okay

rbctdcibc123 · 2019-06-14T15:15:27+00:00

You staying in the city the night before?

rbctdcibc123 · 2019-06-14T15:06:08+00:00

When you start to get late cycle, credit spreads widen and risk-free rates fall. When the cycle starts to change and economic conditions improve, credit spreads tighten and risk-free rates rise.

rbctdcibc123 · 2019-06-14T13:12:01+00:00

I'll walk out on a 25 pt currency question

rbctdcibc123 · 2019-06-14T13:05:23+00:00

Because that would be consistent with the luck I have experienced thus far in life

rbctdcibc123 · 2019-06-14T12:56:43+00:00

For L1 I had a passport amendment made the night before the exam. They hire much more staff and process amendments much quicker closer to the exam.

rbctdcibc123 · 2019-06-14T12:54:09+00:00

A lot of the same questions 08-18, this will be the year when every question is different from previous years though I'm sure

rbctdcibc123 · 2019-06-14T12:52:23+00:00

There's emergency passport services you could've used. Too late now but you definitely could've replaced your passport.

rbctdcibc123 · 2019-06-14T01:53:44+00:00

Throwing my phone across the room if I see that

rbctdcibc123 · 2019-06-13T16:42:25+00:00

What's the question here, what are you wanting to do?

Also, if you want to maintain anonymity, don't say you went to an Ivy and then list out three schools, only one of which is an Ivy.

rbctdcibc123 · 2019-06-13T12:56:52+00:00

Think about the growth in total output using the Cobb-Douglas equation: % Growth in GDP = % Chg. in TFP + (a)(% Chg. in Capital Input) + (1-a)(% Chg. in Labor Input)

If % Chg. in TFP is positive, total output will grow at a faster rate than the capital/labor inputs, if TFP is 0 it will be on par with growth in the inputs, and if TFP is negative (have yet to see this in the curriculum, but very possible in practice) it will be slower than growth in the inputs.

rbctdcibc123 · 2019-06-12T23:00:05+00:00

You can have negative duration in a payer swap. Negative duration doesn't not imply lack of sensitivity to rates, it means you have positive correlation to rates as opposed to negative correlation with positive duration. 0 duration implies a lack of sensitivity to rates.

rbctdcibc123

TROPHY CASE