The math answers are simple in the sense that there is only 1 correct answer. But I can’t stand these stupid subjective questions.
Why is there no way to go back and argue that the CFA is wrong with their answer?
For example: The strategy of eliminating rivals is best described as? The ‘correct’ answer is risky as this attracts new competition.
What? Clearly these people have never actually run a business. If Walmart of Amazon kills the competition, according to the CFA this means that there will be more companies competing with Amazon?? Uh this is so far from the truth that it’s laughable.
In this case, the CFA is clearly wrong. We should be able to check every answer gotten wrong and argue the point. The CFA has done a great job at convincing the financial industry that they know something and prevent any form of conversation, even though I’ve found tons of questions/answers where they are either wrong or on the line.
Yes, I do realize “best answer”, but this should mean that if I can argue my point then I want my answer changed!
When you think about it, we’re the clients and only in the ‘education’ industry can the client be wrong. This is what
I’m paying my money for, to be ‘taught’ incorrect drivel? It would be funny if it weren’t so sad that people take this CFA charter so seriously…
But then again most fund managers underperform which speaks volumes about how useful these letters really are LoL