CFA for personal investment knowledge

*slow clap*

95% of L1 takers (and maybe only 94% of AF users) come to the program to learn how to pick stocks. This is not where the value in our industry lies. Tax alpha/risk management isn’t nearly as sexy as Jim Cramer though apparently, so everyone just wants to skip over it.

How do you know that, you made some scientific research?

What is your question asking about specifically?

About exact sample of people attending program with mentioned expectation. I would say that over 90 % attendants expect better job or/and salary rather than expecting stock picking skills improvement. At least check official structure of attendants, as I remember traders are not significantly represented in total attendants population .

I stand by my guesstimate, even if stock picking isn’t their primary motivation. However, portfolio manager is the most popular charterholder occupation, and I would guess again that the majority of these are attempting to pick stocks.

My guess is that such percentage is quite less than 95%, maybe even less than 30% if we look at the overall world sample. I cannot remember any person who joined the program with solely such motivation.

Good thing I didn’t say that was their sole motivation then…

I don’t know how about you but I was better stock picker before this program when I was just spontaneous. Now I think too much before each opportunity.

^ fooled by randomness

Level 1 is very interesting for a non-finance background person, it is relatively cheap and you get that extra motivation from having a deadline for the test

Levels 2 and 3 are dull