HAHAHA well well well, I was wondering how long it was going to take before some idiot started taking a swing at the L1 09 passers, and of course, the ultra mature and incredibly smart American Psycho Patrick Bateman wannabe over here, murders&executions, filled the void nicely. Let’s take a look at his reasoning shall we? This guy is saying that since the pass rate increased by 11% points in one year, that the exam has got so much easier, and that those who passed are undeserving, useless good for nothing idiots!!! Let me put on my rose tinted spectacles, for a minute…let’s see where are they…ok found them. “In my day, lad, I took the CFA and it was REAL man’s exam. When I took it, back in the summer of '69 the pass rate was a mere 74% Can you believe that!!! How low! Not like your easy fancy schmancy exams of 2009, no way mister. In my day, I used to walk to school, 6 miles, in the snow, up hill both ways! Ahhhh those were the days…” Do you see what I’m trying to say? If we took your attitude and believed that each year the exam got easier, we would go all the way back the 1960s and 70s when the Institute just started and exclude the people who passed the exam because the pass rate was in the 60s and 70s. If you don’t believe me, check the website. Why don’t you just stop being so bitter? As other AFers have said in this forum, there are incredible circumstances right now, namely, thousands of laid off candidates who have nothing better to do than to dedicate day and night to passing the exam. And your ignorance of the scoring system is fascinating! Obviously you do not understand that since the Institute takes the 70% mark from the top 5%, that there means that there is in fact an ABSOLUTE level at which they will start passing people. Do you understand this? Mr. Mergers and Acquisitions specialist? I’d love to hear your thoughts, you’ve been remarkably silent for an awful long time. Come on, say something!
Please don’t read or quote or comment on this, it’s just a friendly advice to “buddham”. buddham, FU I don’t care whatever you say and think, so stop bothering about it anymore and grow up.
and if someone else is misunderstood with the word “garbage”. The crowd which I referred with “garbage” is “Non-Serious Candidates in any exam, who just try the exam to try their LUCK” because I hate it most in this world when someone gets something just by LUCK and people who work hard suffer because some LUCKY BAST***S got their place, I believe chance of Success on LUCK in any examination should zero or minimal. so I used that word, don’t mind it.
!@mods Please nuke this thread, it’s not what AF is meant for !
CoxCFA Wrote: ------------------------------------------------------- > HAHAHA well well well, I was wondering how long it > was going to take before some idiot started taking > a swing at the L1 09 passers, and of course, the > ultra mature and incredibly smart American Psycho > Patrick Bateman wannabe over here, > murders&executions, filled the void nicely… It appears as if you are attempting to make two points. I will address each separately: A) An 11% increase in 6 months is completely sound and reasonable due to the state of the economy. There is no way that 5,600 more people (assuming approximately the same total number of people took the test in June as in December) were more qualified in June than in December of 2008. B) No matter the passing rate, those who passed were qualified. Surely you are not saying that if the passing rate increased to 100% you would be happy. I am guess at some point, even you would consider a high passing rate alarming. The question I have for you, hypothetically speaking, what passing rate would you consider too high?
murders&executions Wrote: ------------------------------------------------------- > CoxCFA Wrote: > -------------------------------------------------- > ----- > > HAHAHA well well well, I was wondering how long > it > > was going to take before some idiot started > taking > > a swing at the L1 09 passers, and of course, > the > > ultra mature and incredibly smart American > Psycho > > Patrick Bateman wannabe over here, > > murders&executions, filled the void nicely… > > It appears as if you are attempting to make two > points. I will address each separately: > A) An 11% increase in 6 months is completely sound > and reasonable due to the state of the economy. > > There is no way that 5,600 more people (assuming > approximately the same total number of people took > the test in June as in December) were more > qualified in June than in December of 2008. > > B) No matter the passing rate, those who passed > were qualified. > > Surely you are not saying that if the passing rate > increased to 100% you would be happy. I am guess > at some point, even you would consider a high > passing rate alarming. The question I have for > you, hypothetically speaking, what passing rate > would you consider too high? I think you missed CoxCFA’s point completely.
soddy1979 Wrote: ------------------------------------------------------- > I think you missed CoxCFA’s point completely. I very may well have missed CoxCFA’s point completely but as you can see, I attempted to define the point. As opposed to just saying I missed the point completely, feel free to attempt to define the point.
I think we can all agree that a pass rate of 0% would be too low and a pass rate of 100% would be too high. If you agree with my statement, we are simply disagreeing on what constitutes a pass rate that is too high. I feel that near 50% is too high. If you do not feel a pass rate could be too low or too high, then and only then, are you disagreeing with my statement. I am adequately familiar with the grading process and the fact that it is 70% of the top 5% is completely arbitrary. There is no reason why it could not be 82.84% of the top 4.37% if the results were more clustered towards the higher end of the range. If you feel that the CFA grading process seperates those who are qualfied from those who aren’t, then you must agree that if the pass rate was 5% as opposed to 95% (when dealing with similar sample sizes and test dates, say 6 months apart), the group that passed the test at the 5% pass rate is more qualified than the group that passed the test at the 95% pass rate. I understand that the pass rate used to be significantly higher but that was when significantly fewer people were taking the test. There are more people who have no business sitting for the exam taking it now than there was 20 years ago.
Thanks a lot for this garbage. I appreciate the fact that my hopefully future achievements will be characterized as either a conspiracy, pure luck, the fact i got it easy or any number of other factors. or You could view it the way it is. PEOPLE ARE TRYING!!! so go and spit your dribble in a level 3 forum, perhaps they will find your “insightful” opinions more accurate over there. PS: *Hug* happy now?