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the in’s, out’s and what have you’s

CFA Study

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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

CFA

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I finally signed up for the CFA yesterday and bought the necessary materials. Advice from friends who have taken this before suggests that the books from Schweser should be good enough for the completing level 1 which covers material for almost the entire MBA courses in finance. It seems like a tall order but I think it should be do-able! Lets see.

Some links –

CFA – http://www.cfainstitute.org/

Schweser – http://www.schweser.com/

From my research so far, it seems these Schweser guys have a stranglehold on the market. They are part of Kaplan.

Written by internesia

July 30, 2007 at 8:27 am

Posted in CFA

Why MBA?

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One of the questions that every student that wants to get into business school has to answer is the reason why he wants to get that degree. It is not too much to ask especially since it is in the candidates best interest to understand whether his investment of time and money makes sense (after all this is business school). It is said that this reasoning should be logical, the candidate is not held to their word about pursuing the goals that they outlined in their application. If logical reasoning and eloquent writing were the only things being judged, there are better ways of doing this. I agree with the idea that a lot of thought needs to go through for me to take that step, and it is in my own interests that I think through all those aspects before I step in. Why is there an enforcer that makes sure I have done that? Once someone steps into the school, the reputation of the school carries them into the places they want to go and do their job (given the objective criteria most schools look at with regard to academics and test scores). Doing the job is not enough, you should have the potential for the top job. And the process is all about picking those from the pile, and the enforcer makes sure that they pick the one with the highest chance to make the upper echelon. You could already be in the upper echelon, or have the utmost desire and competence to get there.

One thing that is looked down upon is the use of admission consultants. I wonder why. They don’t write your essays, they help you organize your thoughts and write them. So, it makes a good economic decision, if anything if you think it will help. This is like staging a house before selling it. One of the downsides to that, and I am not sure if that is what is being discouraged, is that if someone needs help dressing up and presenting himself, they will need that even more later on when they have to present themselves and the organization that they represent. That would be a tragedy. There is something to be said about being self-made. Anyway, this practice continues and I know a lot of people who spend the money and get in. How many will eventually become successful, who knows. Besides, success could mean different things to different people.

Written by internesia

July 24, 2007 at 10:40 am

Posted in MBA, thoughts

A new beginning

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I promised Nicky that I would start blogging again on my birthday so this is a placeholder to a new beginning. To make it interesting, here a clip from one of my favorite comics –

techsupport.gif

Written by internesia

July 22, 2007 at 2:00 am

Posted in Uncategorized

the lower upper now..

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Kireet’s comments open up a lot of discussion. Another interesting piece, again from marketplace, about the Eliot Spitzer’s and the travails of the lower upper class, the wretched few who “are working themselves ragged to scrape by on a few million — or, God forbid, $400,000 —”

http://marketplace.publicradio.org/shows/2006/11/06/PM200611064.html?refid=0

Written by internesia

November 7, 2006 at 9:14 am

Posted in Uncategorized

the middle class

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Marketplace on public radio happens to be one of favorite shows. It is something that on some days makes me leave work at 6:30 just so that I can catch it on my way back home in the car. It has also made me believe it or not drive to work sometimes when there were reasons I should have worked from home. But I digress. This morning, in the morning edition of the program, i heard this story of middle class plight here. The lady is commenting on the changes in her income and expense over the past 20 years http://marketplace.publicradio.org/shows/2006/10/31/AM200610312.html?refid=0
most emotions that one would go through after listening to this story are – anger or some such to a certain degree followed by can this happen to me? I started thinking about what might have caused this? And the answers are clear. This is a capitalist economy, one that rewards adequately for innovation and punishes for not keeping up as well. social good is a by-product. I believe in that. Limited resources are being consumed and so are getting more expensive. You cannot expect them to cost the same or lesser in 20 years. Real wages cannot remain the same for similar jobs unless it is artificially kept at those levels through some kind of a regulatory mechanism. This country stands where it does because people here realize and understand those things better than others and adapt themselves. What is different about the change that has happened in the past few years is globalization, which has accelerated this change and being able to adapt to this pace of change and use it to advantage would be the ultimate test.

Written by internesia

October 31, 2006 at 1:19 pm

Posted in Uncategorized

on the origins of this blog by means of Natural Selection, or the Preservation of Favoured Races in the Struggle for Life

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Vinit Srivastava, 2006

ok. that was a little too much. this blog will not match the masterpiece in its significance and symbolism. it is just a means to present certain snippets from what i see and read and have some feelings about. information “naturally selected” by me would be presented. its about fair and its about time.

i begin with a justification of the blog’s address. it is always difficult to come up with an all encompassing symbol or title of your ramblings. i thought it would be fitting to search for the worthless word of the day and lo and behold, google delivered –

the worthless word for the day is: internesia
[blend of internet + amnesia] informal: the inability to remember either the location of or information contained on a web site

Written by internesia

October 19, 2006 at 10:08 pm

Posted in Uncategorized