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Archive for August 2007

CFA prep course

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I finally signed up for the CFA preparation course with the NYSSA to get some routine into my preparation. Macroeconomics was fun and I ran through the material but subsequently the material has gone drier and things have been very busy with applications and the new job.

Hope the course pays off. It cost me $1071 as I had the material from Schweser already.

I also bought some of the recommended text for CFA mainly from amazon marketplace (cheap). Here is a list –

Fixed Income Analysis (for CFA program) – Frank Fabozzi

Quantitative Methods for Investment Analysis (DeFusco et. al.)

Mukul recommended this book –

Investment Analysis and Portfolio Management (Reilly/Brown)

Written by internesia

August 29, 2007 at 7:04 am

Posted in CFA

Queens tow pound

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My parking luck ran out yesterday. This is NY and I had outlived the average time between parking tickets. I parked in a spot where there is no standing 4-7pm at around 3:30pm. Did not notice the sign but I DID feed the meter! Come back at 4:12 and the car is gone. Took 15 mins to locate the car (311, connected to 911, no luck -> Google 411, which does not understand my accent -> 411 -> Manhattan tow pound -> voicemail -> 411 -> Brooklyn tow pound -> Queens tow pound). No biggie since I located it. Getting there was a pain as no cab driver comes to Jackson heights to pick a passenger. They come to eat. Finally, we get one and get there.

The Queens tow pound is a masterpiece. It is under the Kosciusko bridge (I cannot still pronounce the damn thing) in front of a cemetery. The bridge is a heavily used. It is high and very old. It was a rainy day and rain was coming down steady. It is one of those scenes which you get either in an indie move when the actor is going through the roughest time of his life or in some horror action movie like seven or silence of the lambs. So we get there and are greeted by a ‘rookie’ guard. He clearly did not fit into this place. Too cheerful and too eager to help. I would like to see him in 5 years if he is still there. The others had clearly put in their time and given up. You go into this shack where you line up behind a clearly marked line facing a tiny window. I line up and wait for my turn. When I come up, I ask the rough looking dude behind the counter if my car was there (I knew it was but to reassure myself) and he says ‘she sure is.. and enjoying every moment of it’. He hands me a slip to take to the guard outside. We are asked to wait for a shuttle that will take us to the car, from which I will get the papers. So, we wait. After 5 mins, the shuttle arrives. A big guy is driving this and is in hurry whatsoever. He drives around the relatively small area (definitely not requiring a shuttle) and stops and watches me intently as I get out and get the things from my car. Imagine the life of this guy driving around in a 200 yard circuit all day in this forsaken place. So, back to the window again. This time a guy transgressed the line and was tailgating another guy at the window. The rough dude blew off. Took some time to settle down and then I paid the $185.00 fees and got another slip to get the car. Back to waiting for shuttle and the slow ride to the car and finally out of the pound. I also got a $115.00 ticket for parking in a no-standing zone. All for a $7.00 meal of a goat curry and 2 nans at kabab king diner.

I was with Kiran and we both kept wondering about the three characters, the rookie, the driver, and the fine collector. If I had a bad day, these guys are having these days everyday under a old rusty bridge in Maspeth, NY in front of the laurel hill cemetery. Do they think about things in perspective? But perspective of what?

Written by internesia

August 22, 2007 at 10:00 am

Posted in commentary, sights, thoughts

Phyllis Diller and Object Oriented Programming

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Now, this seems a little far-fetched. Phyllis Diller is 90 and a comedienne. She was on ‘Wait Wait… Don’t Tell Me‘ on the ‘Not My Job’ section of the show. She does not sound like she is 90 though. She was asked why she always referred to her husband as ‘fang’ in her acts and explained that in her real life she had more than one husband but ‘fang’ was the stage persona representing them all. That way she changed husbands she did not have to change her acts. Now, that is something!

I definitely want to read her autobiography sometime.. ‘Like a Lampshade in a Whorehouse

Written by internesia

August 6, 2007 at 2:51 pm

Posted in thoughts

CFA Study

with one comment

I started this study and realize that it is a big order. On this blog, I will keep track of my study material, notes, and stuff. CFA covers the following broad areas in level 1 –

1. Ethics

2. Economics

3. Quantitative finance concepts

4. Accounting and Corporate Finance

5. Portfolio Management

6. Asset Valuation

Accounting is probably the only area I know well. Maybe Economics. The rest need to be mastered over the course of 16 weeks. It will be done!

Of special concern is the area of investments (fixed income, alternates) which I have no idea of. It will be a learning experience if not anything else.

Written by internesia

August 5, 2007 at 8:55 am

Posted in CFA