You’re absolutely right, one recycled mock isn’t really a full-length test. Especially in FRM where timing and mental endurance matter as much as knowing the content. Bionic Turtle’s content is good, but this definitely feels like a weak spot in their prep. They should’ve rolled out more unique...
If you’re juggling work, try to mix passive and active learning. I listen to videos during commutes and then deep dive into the same topics later with questions. Prioritize Quant and Foundations early on, those build your base. And don’t wait too long to start solving mock exams. They highlight...
The distinction between practicality in exams and interpretability in real-world finance is crucial. I especially like your point about decoupling valuation and liquidity risk, mid + spread offers a cleaner separation that’s easier to manipulate in both modeling and communication with stakeholders
Great observation, Oliver. This confusion is super common because the exponential distribution has two parameterizations. GARP typically uses the scale parameter (β), while academic texts and Wikipedia often use the rate parameter (λ).
They’re reciprocals: β = 1/λ. So, the formulas for mean...
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