Cfa level 1 secret sauce pdf

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Review for the CFA Dec Level I exam with Kaplan Schweser's Secret Sauce. Gain tips and tricks for applying your knowledge and managing your time for the . CFA Level 1 Secret · level 1, 9 months ago. CFA Level 1 · level 1, 9 months ago. CFA Level 1 Study Note - Ebook download as PDF File .pdf) or read book online.

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Cfa Level 1 Secret Sauce Pdf

@ , Many of you have often wondered if there is any secret to passing the CFA L-1 exam. For me, the only secret that I discovered involved. Kaplan, p. Schweser s Secret Sauce CFA This book will be a valuable addition to the study tools of any CFA exam candidate. Kaplan, p. Schweser s Secret Sauce CFA This book will be a valuable addition to the study tools of any CFA exam candidate. It offers a very.

For me, the only secret that I discovered involved dedication to study and mastery of the concepts and theories presented. The material itself is a mile wide, yet the exam itself is only a foot deep. I found the actual exam to be more qualitative than calculative, so special attention to concepts, theories and all the little nuances are critically important. This isn't a test to be taken lightly. I recall investing an average of 6 to 7 hours each day in preparation for this exam. Many may ask, "how can you invest so many hours each day? My weekends for the most part consisted of studying 10 hours each day and taking careful notes.

A profession refers to a group of people with specialized skills and knowledge who serve others and agree to behave in accordance with a code of ethics. One challenge to ethical behavior is that individuals tend to overrate the ethical quality of their behavior and overemphasize the importance of their personal traits in determining the ethical quality of their behavior.

It is claimed that external or situational influences, such as social pressure from others or the prospect of acquiring more money or greater prestige, have a greater effect on the ethical quality of behavior than personal traits. Because investment advice and management are intangible products, making quality and value received more difficult to evaluate than for tangible products, trust in investment professionals takes on an even greater importance.

Schweser's Secret sauce pdf

Failure to act in a highly ethical manner can damage not only client wealth, but also impede the success of investment firms and investment professionals because potential investors will be less likely to use their services.

Unethical behavior by financial services professionals can have negative effects for society as a whole.

A lack of trust in financial advisors will reduce the funds entrusted to them and increase the cost of raising capital for business investment and growth.

Unethical behavior such as providing incomplete, misleading, or false information to investors can affect the allocation of the capital that is raised. Ethical vs. Legal Standards Not all unethical actions are illegal, and not all illegal actions are unethical. On the other hand, recommending investment in a relatives firm without disclosure may not be illegal, but would be considered unethical by many.

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Ethical principles often set a higher standard of behavior than laws and regulations. In general, ethical decisions require more judgment and consideration of the impact of behavior on many stakeholders compared to legal decisions.

Framework for Ethical Decision Making Ethical decisions will be improved when ethics are integrated into a firms decision making process. Consider: Situational influences, additional guidance, alternative actions. Decide and act. Reflect: Was the outcome as anticipated? Why or why not? Although we are very proud of our reviews of the ethics material, there are two reasons we recommend you read the original Standards o f Practice Handbook 11th Ed.

You will be much better off if you read both our summaries of the Standards and the original Handbook and all the examples presented in it.

CFA Institute, through the Professional Conduct staff, conducts inquiries related to professional conduct. Written complaints about a member or candidates professional conduct that are received by the Professional Conduct staff. Evidence of misconduct by a member or candidate that the Professional Conduct staff received through public sources, such as a media article or broadcast.

A report by a CFA exam proctor of a possible violation during the examination. Analysis of exam scores and materials and monitoring of websites and social media by CFA Institute.

Cfa Level 1 Schweser | eBay

Interview the complainant or other third parties. Collect documents and records relevant to the investigation. To issue a cautionary letter. The one thing that Schweser did produce that caught my eye was the "Secret Sauce" book that contains some very key study material in a condensed and easy to read format.


Passing the CFA exam really comes down to nailing those two or three critical questions that make or break the exam. So the critical concepts and exam strategies found in the analysnotes web site were real valuable.

I made the mistake of studying the night before and let me tell you, my mind was racing all night long and the next morning I was exhausted and tired. By the end of my exam I was literally seeing stars in the air. I still don't know how I drove myself home that day. Those CFA mocks are the closest thing to the real exam. Last but not least, don't by into the hype about the exam.

There are message boards full of people all freaked out about their experience with the exam. They are considered one of the city's symbols. The architecture is a mix of Gothic , Baroque , Moorish and Neoclassical. The interior has three naves and eleven side altars, covered by a roof supported by 30 Doric columns. A circular structure of 17 columns surrounds 98 urns containing the remains of those honored.

Across the street is the municipal palace which was built in It is mostly of Neoclassical design with elements such as courtyards, entrances and columns that imitate the older structures of the city.

The interior was completely remodeled after an explosion in Facing this plaza is the Teatro Degollado Degollado Theater.

It was built in the mid-nineteenth century in Neoclassical design. Behind the theater is another plaza with a fountain called the Fuente de los Fundadores Fountain of the Founders. From to , it housed a school called Liceo de Varones.

In , it became the Museum of Fine Arts.

In , it was completely remodeled for its present use. The museum displays its permanent collection in 16 halls, 15 of which are dedicated to Paleontology, Pre-History, and Archeology. One of the prized exhibits is a complete mammoth skeleton.

The other two halls are dedicated to painting and history.

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