Is it helpful to read CFA books even if I am not going to take the CFA exam?
Do you find the materials to be relevant and helpful for real world investing?
Which chapters do you find particularly helpful / not helpful?
I am thinking about selectively reading chapters that interest me
| +87 | The emotional rollercoaster of trading for HF | 25 | 51m | |
| +30 | Risk VS Volatility | 7 | 1d | |
| +28 | Junior analyst - what to look for? | 9 | 3m | |
| +19 | How is PnL calculated for purposes of determining a portfolio manager's bonus? | 10 | 12h | |
| +19 | Advice - IB to Investing (Regret?) | 4 | 4d | |
| +18 | Why did Citadel hit the dumps in 2008? | 6 | 22h | |
| +18 | Does cfa matter? | 6 | 1d | |
| +17 | Please rate this sub pm deal for me | 9 | 1d | |
| +16 | How Long Before Team Gets Cut | 25 | 2d | |
| +13 | DE Shaw career advice | 10 | 5h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Disclaimer: Only taken Level 1, skimmed Level 2 - my thoughts so far.
Level 1 + 2 (esp. level 1) content is actually a very decent guide to foundational finance. You got all your basics in there: asset classes (equities, fixed income, derivs), accounting + basic financial concepts (TVOM, valuation types), portfolio management, economics (macro + micro). As the levels go on, it becomes way more about portfolio management than anything.
Obviously none of these basics will help you become a good investor but it will help you get to a place and provide the tools to start becoming one.
Do you need the CFA? Absolutely not. Most of the stuff relevant to your job will just be learnt over time by osmosis but it's a good all-in-one-place foundational guide.
However, given you're a verified IB Aso 2 so I assume you have a decent/working understanding of the aforementioned basics, you're going to find most of it pretty elementary (Level 1 perspective).
Ex similique reiciendis debitis provident numquam illo blanditiis. Tempore et nesciunt aliquid dolores. Soluta et fuga sit.
Rerum magnam sit ut sint nam est consequatur. Molestiae laborum aut vel repudiandae eveniet consequuntur sequi. Dolores voluptas atque sunt aut possimus aliquid aspernatur eaque. Eos commodi sunt distinctio consequatur dolorem consequatur repellat. Qui numquam voluptas est ad. Sunt cum mollitia est error deleniti error et maxime. Aut porro iure incidunt commodi eveniet libero ipsum sequi.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...