Is it helpful to read CFA books

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

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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). 

 

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