Recent content by khaled binhotan

I'm getting worried as long as I go quickly reading the notes. I found it for some parts especially the derivatives a math trick that I can't memorize formulas. I wish any way it can help me passing CFA level 2 exam in case I got certified. It seems I have to rise my defenses up.

Can you please explain the second point '' • The total cost (including responsibilities) for hedging the cost are less expensive for the firm than for its investors (as the alternative is to “pass along” the risk to investors)"? thanks,