why are so many of you guys using dumb-down third party materials?

[system]

That’s a conflict of interest! If we can not criticise a study system on a forum designed to help people study, then that’s is a conflict. Biased opinions everywhere.

[higgmond]

@appusinghi

I would agree and differ with u at the same time.

No doubts one who can read the CFAI material and understands will have a good hold on the exams.

While the ones who depends on third party material are more practical towards the exam of clearing it and would want to work in the domains which are more relevant than less relevant.

Time is of course one of the issue that these third party material helps.

Apart from that you cannot criticise on this forum which is again sponsored by these thrid parties

Many folks on here, myself included, have discussed the strengths and weaknesses of the 3rd party materials offered by sponsors of this forum. To say that posters cannot offer valid criticisim of a sponsor’s product is asinine.

[Harrogath]

@Greenman72

^I’d worry about passing the test. There’s time to learn finance later.

No.

[Harrogath]

@kuromusha

But what if you have a real passion for finance? You’re not here just to pass CFA, you want to learn as much about finance as possible.

I agree with that, if you read from CFAI books you learn more and surely have same or more probability of passing the exam rather than using 3rd-party materials. However, time and effort is the sensitive input.

Third-party materials are made to simplify all those extra infos the CFAI books provide and let you know what you need to pass the exam. They simply different and usefull in their own ways.

Can be complementary IMO.

[igor555]

@Harrogath

@kuromusha

But what if you have a real passion for finance? You’re not here just to pass CFA, you want to learn as much about finance as possible.

I agree with that, if you read from CFAI books you learn more and surely have same or more probability of passing the exam rather than using 3rd-party materials. However, time and effort is the sensitive input.

Third-party materials are made to simplify all those extra infos the CFAI books provide and let you know what you need to pass the exam. They simply different and usefull in their own ways.

Can be complementary IMO if you dont have a job in finance.

ftfy

[S2000magician]

I’ve written a number of articles on topics in the CFA curriculum which are arguably (candidates may back me up on this) anything but dumbed down: they’re explanatory.

[Harrogath]

@igor555

@Harrogath

@kuromusha

But what if you have a real passion for finance? You’re not here just to pass CFA, you want to learn as much about finance as possible.

I agree with that, if you read from CFAI books you learn more and surely have same or more probability of passing the exam rather than using 3rd-party materials. However, time and effort is the sensitive input.

Third-party materials are made to simplify all those extra infos the CFAI books provide and let you know what you need to pass the exam. They simply different and usefull in their own ways.

Can be complementary IMO if you dont have a job in finance.

ftfy

I do have a job in finance, and use both CFAI books and Schweser books. For some readings Schweser is time-saving, in some readings CFAI books are great source.

If I’m wrong, explain your point.

[system]

The schweser note, which I have, does not give much real life examples. But the organisation under LOS is very helpful.

[igor555]

@Harrogath

@igor555

@Harrogath

@kuromusha

But what if you have a real passion for finance? You’re not here just to pass CFA, you want to learn as much about finance as possible.

I agree with that, if you read from CFAI books you learn more and surely have same or more probability of passing the exam rather than using 3rd-party materials. However, time and effort is the sensitive input.

Third-party materials are made to simplify all those extra infos the CFAI books provide and let you know what you need to pass the exam. They simply different and usefull in their own ways.

Can be complementary IMO if you dont have a job in finance.

ftfy

I do have a job in finance, and use both CFAI books and Schweser books. For some readings Schweser is time-saving, in some readings CFAI books are great source.

If I’m wrong, explain your point.

u have a full time job and read the whole cfa ciriculum? when did u start studying

[Harrogath]

@igor555

@Harrogath

@igor555

@Harrogath

@kuromusha

But what if you have a real passion for finance? You’re not here just to pass CFA, you want to learn as much about finance as possible.

I agree with that, if you read from CFAI books you learn more and surely have same or more probability of passing the exam rather than using 3rd-party materials. However, time and effort is the sensitive input.

Third-party materials are made to simplify all those extra infos the CFAI books provide and let you know what you need to pass the exam. They simply different and usefull in their own ways.

Can be complementary IMO if you dont have a job in finance.

ftfy

I do have a job in finance, and use both CFAI books and Schweser books. For some readings Schweser is time-saving, in some readings CFAI books are great source.

If I’m wrong, explain your point.

u have a full time job and read the whole cfa ciriculum? when did u start studying

Quants and economics from CFAI curriculum, now im on Equity partially using CFAI books. The rest of the chapters I have covered until now were from Schweser. 2.5 months since started. I have read around 45% of total readings.

[S666]

@S2000magician

I’ve written a number of articles on topics in the CFA curriculum which are arguably (candidates may back me up on this) anything but dumbed down: they’re explanatory.

I’ll definitely back you up on this, I’ve had many an “aha” moment while reading through your articles…many of them invaluable.

You often do a great job of simplifying things (which is not at all the same as “dumbing down”), helping one really understand what is going on, and therefore make the material easier to grasp beyond just memorisation.

So yeah…I’m definitely a supporter

[prkapoor]

There is no right answer here. It really depends on your educational background and the amount of time you are willing to commit to studying. If you can commit time, go with CFAI issued material. If you have a finance/accounting background and you do not have enough time to commit, then you should probably look at third-party issued materials (like with a full time job and I dont mean that people who use third party material dont commit)

Debating so much on what material to use is a waste of time, imo.

[cdealbuquerque]

@kuromusha

So are you guy suggesting that third party has a better time/pass-rate ratio? A candidate has more chance of pass using third party material than using CFAI’s material given the same limited short time?

If time is not an issue because the candidate is well organised and starts early, and which one should he choose?

Why on earth should you choose? You can use both. That way you have two points of view. Personaly, i read the entire curriculum from CFAI and the I use prep notes.

[Flashback]

Seems Koromusha is no longer here for a while.

[tickersu]

@prkapoor

There is no right answer here. It really depends on your educational background and the amount of time you are willing to commit to studying. If you can commit time, go with CFAI issued material. If you have a finance/accounting background and you do not have enough time to commit, then you should probably look at third-party issued materials (like with a full time job and I dont mean that people who use third party material dont commit)

Debating so much on what material to use is a waste of time, imo.

The thread was dead for two months before today…

[olajideanuoluwa001]

lol… Koromucha though

[Chris_400]

If I were Kurumosha I’d worry about trying to pass level 1.

[S666]

Ah Kurumosha…never seen someone manage to join a forum and be so annoying in such a short space of time. Well done that man…