Helpful Notes

Good luck in 2016 bro.

We’ll get it at the same time “bro”, but you just wasted a lot of time memorizing things that have a snowballs chance in hell of being asked.

Hmmm

i think the points look pretty testable blush

Oh yeah I’m sure the approximately 50% of people who fail level 3 out of a pool of ridiculously intelligent people who study probably 400+ hours and a pool that includes a significant number of second and third time retakers would agree that you can definetly assign probabilities to topics being tested.

Sure, any more additions coming now? or i can just copy paste all the points and get a printout,. Gr8 substitute to revise in 3-4 hrs :slight_smile:

I’d rather be pissed about knowing too much than pissed about having to know it again in 2016 :wink: Keep enjoying your haterade.

Thanks a TON for this adam. I can tell these are notes you made from either getting burned on questions or if your answers was different than the cfa answer, because a lot of these points I remember tripping up on at some point. Very much appreciated.

That is the last of my notes Vicky. I would encourage ANYONE to add anything I forgot or look for typos.

Helpful to me, thanks

Thanks man. May god bless u :slight_smile:

Will go through all the note tommorow :slight_smile:

You forgot to put *mic drop* at the end of your list.

Vicky - are you putting all these into word? If so, could you post on here / email? I have daughter duty over the next 5 hours as my wife has a work event so I won’t be able to do it. Thanks.

I’have put them in word but I have to go through corrections he has made.

its not consolidated post of corrections… once i go through them, i can upload…

Agree 100%. The way I see it is, if you dont know at least 60-70% of these bullets in some shape, way or form… I’d say you “Keep calm and Chill” over the next two days and expect to do this all over again next year.

Thanks for effort Adam, I too most definitely appreciate these notes! :slight_smile:

why dont you guys just look at secret sauce?

1

Agree with the gullwing spread, but 95% of these notes are solid. 5% is way, way in the trees.

My experience with the past AM exams an mock exams is the CFAI always pulls a couple questions that make you say WTF. Who knows, maybe this year it is the gullwing spread. My strategy so far is to give a best guess when this type of question comes up and move on.

I believe Adam just tried giving us details about past exams, which may/may not be helpful, but when I saw that gullwing spread bullet, my immediate reaction was to check if I was missing something. This is not in the option strategies reading. If you know your shiznit, you’d probably recognize that. These are solid notes.

It’s a seagull spread not a Gullwing spread and I’m about 100% certain it’s definetly in the cirriculum and it’s easy to understand. A short seagull spread is a collar plus selling an OTM put

Thanks, I was trying to illustrate a point, but left out the most obvious part. I know what a seagull spread is and perhaps it has been on past exams, but I can’t find it in the 2015 curriculum. More specifically, reading 28. Check out LOS 28.b… Can you tell me where exactly (page wise) you’re seeing this? Maybe it’s another reading, dunno…

There are a few errors / typos in these notes. Be careful !