We went through every old CFA Institute morning exam from 2006-2014, and picked out the 15 most common themes you should be aware of for the morning section.
As we know when we are hedging, we come across different sets of risk. The main one of which is basis risk. Basis risk is “the risk that offsetting investments in a hedging strategy will not experience price changes in entirely opposite directions from each other.
A 1 page Behavioral Finance Cram Guide covering Cognitive and Emotional Biases for the CFA L3 exam
You will need to practice corner portfolio problems repeatedly because they will show up on the CFA L3 exam. The good news? The math is straightforward and with practice you should be able to solve these questions quickly and accurately to save time while scoring maximum points.
This post is about how to avoid 100+ pages of pure memorization to laser in on the absolute key essentials that could get tested on the CFA Exam Level 3 Global Investment Performance Standards (GIPS).