2 cups corporate finance
1 cup valuation
1 cup accounting fundamentals
1 cup economics
¾ cup ethics and professional standards
½ cup ratio analysis
¼ cup portfolio management
¼ cup derivative investments
¼ cup securities markets and equity investments
2 tbsp DDM (Dividend Discount Model)
1 tbsp probability
1 tsp calculus
Pinch of panic and adrenaline
and one HP TI Plus
In a large bowl, combine all ingredients except for the HP TI. Fold in HP TI, but take care not to overmix. Bake in a pre-heated brain, at the hottest setting, for 10 weeks. Turn out onto wire rack and serve up for the CFA Level 1 exam before it cools.
That’s pretty much what’s cooking as I hole myself up all weekend, looking longingly outside at the sun…
Sure I’ve seen the ingredients before, but not all in combination! Memorizing 6 pages of formulas is hard enough; but I pity those who’re taking this without a finance background. I’m left to wonder: what’s left for the next exams, levels 2 and 3?
Happy Easter, for sure.
