Finish reading all the material by the 5th. Then I'll give myself 1 week to go over the list of items I have written down in my review list (tough concepts). Then, like Brian, I will have 1 week to do practice exams. Practice exams are fine, but if you're not comfortable with the material...
Irrespective of how early I start, I still end up cramming. I feel like that's just how my brain works. I never take an exam thinking I've done everything. It works most of the times.
I misread, my fault. Yeah topic 8 is relatively small. I mistakenly understood it as topic 7, which is fairly large. This means you're in a good spot right now.
What's interesting is that for this topic, if you count the number of pages in BT,~300, with some subtopics not even being ready, and compare it with the book ~400, it's not that different. Though I will say the book pages contain a lot more content.
Yeah, it's craaazy how foreign this stuff looks when you're going back and reviewing. I think the difficulty is deciphering what's going to be tested. I saw that Tuckman is the least favorite to be tested but is the toughest subject for studying. Going through the November 2015 feedback, it's...
Anyone who is willing to opine,
Please see the excerpt from Crouhy et al below from chapter 12. Perhaps I'm thinking too deep into this, but why are the noncore loans better managed by the "credit portfolio management group" and the core loans managed by the business units? One would assume...
Collateral itself has its own volatility if it's not cash, and you have to consider that as well. Basically, if you have a positive and exact same exposure from day 1 to 2 but the collateral you received loses value, all of the sudden you're not fully collateralized and exposure is increased.
I wish there was some sort of an automated system that would connect A and C if B defaults. As a matter of fact, I would take it a step further and say if it could connect A and C if certain credit related triggers between A and B or B and C failed (input by A and C) failed then that would be...
Hi Brian,
Now that you put it this way, I find it very interesting as well. Never even thought about it for a second. I guess I need to pay more attention when reading. But what I do find interesting is that the exposure from A to C is the same as it would have been if B was still around...
Hi Delo,
This same question used to drive me crazy in the past. I think the "intent" of the source of data could be the subtle difference you are looking for. In a selection bias, given the voluntary nature of most funds, only those wanting to provide their track record do, these are...
Hi David and Nicole,
I'm just trying to get an estimate as to when you expect to post the Credit Risk study notes for Choudhry and Crouhy. Just trying to manage my time by trying to avoid 60 pages of Choudry's MBS from the GARP books. I'm pretty sure this is your least favorite type of...
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