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Old 19.06.2012, 00:26
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Re: Math instructions at school: good or not?

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Funny you should say that as the CFA is pure rote learning and regurgitation....
Don't you think that at least some rote learning and regurgitation is better than absence of any knowledge at all? They not only learn some buzz words, they also need to put them in the right context. And in my opinion CFA is quite good certification, it does require a lot of work.
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  #102  
Old 19.06.2012, 00:45
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Re: Math instructions at school: good or not?

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Don't you think that at least some rote learning and regurgitation is better than absence of any knowledge at all? They not only learn some buzz words, they also need to put them in the right context. And in my opinion CFA is quite good certification, it does require a lot of work.
Nothing worse than the ILLUSION of expertise. It breeds arrogance and complacency.
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  #103  
Old 19.06.2012, 01:27
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Re: Math instructions at school: good or not?

Well, my personal opinion that if someone reads all the study materials for CFA and really understands them, plus goes through all exercises, then he does get good theoretical education in Finance and not an illusion. CFA materials are written well and well thought-through. Yes, it is theoretical, and still needs to be put against practice, but people who successfully passed all CFA blocks have as good understanding of theoretical finance as at least a MSc Finance from a top US program.

Other certificates are less rigorous and certainly do not promote well-rounded and profound understanding of issues.

KTZV
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  #104  
Old 19.06.2012, 01:34
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Re: Math instructions at school: good or not?

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Other certificates are less rigorous and certainly do not promote well-rounded and profound understanding of issues.

KTZV
You really think the CFA promotes "well-rounded" and "profound" understanding of issues?
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Old 19.06.2012, 02:00
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Re: Math instructions at school: good or not?

Well, better than FRM, for example.

Look, I have a PhD in Finance, and I know many others with the same degree. Many of them are now teaching Finance in universities. Can I say that I am "well-rounded"? -- well, may be in the waist, but not in my knowledge I am not in academia and am not in the rat race to publish. IMHO only very few people in academia do have a profound knowledge of the whole subject, the rest usually does not even try to read up anything unrelated to their area of concentration.

If your point is that the certification is useless and just a waste of money -- I disagree. It costs not that much, especially if a person has a motivation and learns the material himself. Any, even incremental amount of energy spent on improving intellectual abilities is commendable You want these guys to play golf instead of reading CFA manual?-- I don't. And not only because some of them may need my help and hire me to coach them. Shall they earn so much money after they pass the certification? -- to me is a different question, unrelated to the quality of the certificate.
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