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Thanks @David Harper CFA FRM I think the order of the figures in R38-P2-T5-Meissner Study Note page 19 should be changed to: Figure 1.9, then 1.10 then 1.11. Screenshot of figure 1.11 coming before 1.9: Thanks Karim CC @Nicole Seaman

Hi @David Harper CFA FRM @Nicole Seaman In R35.P2.T5 Dowd page 8 of the study notes Sub-additivity & Monotonicity formulae are swapped in the bulleted section (although they're correct in the boxes below). See screenshot further down. As a side note which you can ignore if you disagree, I also...

Thanks again @David Harper CFA FRM An updated Part 2 formula sheet will be a great help! Best Karim

Thanks @David Harper CFA FRM @QuantMan2318 For 715.2 from here when can I use Term/(1+YTM) for the modified duration calculation versus the (1/YTM)*(1-(1/(1+YTM)^t)) for par bonds as discussed above? It seems to only return the same results for a 1 year par bond when I vary the inputs, but I'd...

Hi @Nicole Seaman @David Harper CFA FRM Here are some things I've noticed. P2.T5.R36 Jorion Ch 11 Study notes. 1) Page 2 & subsequent headers: The learning objective below shouldn't specifically list Commodity Forwards: DESCRIBE THE METHOD OF MAPPING FORWARDS, COMMODITY FORWARDS, FORWARD RATE...

Thanks @Nicole Seaman The other reason I was asking is that I'm running into excessively long file name errors on my side due to my verbose folder structure, so knowing that the final bit of gibberish in the file names doesn't reflect a change to the document's content will help since I'll just...

Hi @David Harper CFA FRM Apologies for the basic question, but what's the intuition behind the Modified Duration calculation in cell D30 of: https://learn.bionicturtle.com/FRM/2017/LearningSpreadsheets/R36-P2-T5-Jorion-mapping-backtest-v3.xlsx Using the definition below for Macaulay...

Hi @Nicole Seaman @David Harper CFA FRM Am I right in thinking that the final portion of the PDF file names in red below change every time you download one of the documents without meaning that the content within has changed? I downloaded the Jorion Chs 6 & 11 study notes 2 days in a row, and...

Hi @David Harper CFA FRM Regarding P2.T5.R36 on page 3 of the Jorion Chapter 6 Study Notes about Backtesting & Exceptions I'm a bit confused by: "When too many exceptions are observed, the model is “bad” and underestimates risk. This is a major problem because too little capital may be...

Thanks @Nicole Seaman How about if you just add a post here each time you update the main thread and say "See original thread for today's updates". That way we could receive an email without needing an enhancement to the forum. Thanks Karim

Hi @Nicole Seaman @David Harper CFA FRM Is there a way to receive an email when the original post in this thread gets updated with new material? I'm currently watching this thread and received an email for David's latest post here...

Hi @jaivipin Could you please add me too: +63.998.593.9608 I tried the invite link from earlier posts but looks like it's been revoked. Thanks Karim

Hi @QuantFFM I'm just getting started with my studies, but from what I've seen the GARP books start each chapter by listing the FRM learning objectives for that reading, then include the chapter from the original book. It doesn't look like there's additional material from GARP beyond the...

Thanks @Nicole Seaman I think a change in focus of the reading like the Hull example would be a useful one to point out :) Thanks for confirming the types of changes. Karim

Hi @Nicole Seaman I ended up deferring the Nov 2017 part II exam, and will now be taking the May 2018 exam. I had downloaded the materials for Topics 5 & 6 and am going through this thread and https://forum.bionicturtle.com/threads/2017-part-2-new-and-updated-published-materials.10050/ to...

Thanks @David Harper CFA FRM One other idea is to be able to mark topics for further study. So although you've completed the readings, you found them challenging and need to spend more time reviewing them. In GARP's study guide you can flag topics, and then when taking a test you can choose...

Thanks @Nicole Seaman :) I'll let mine accrue. Best Karim

Thanks @Nicole Seaman

Thanks @Nicole Seaman :) I thought it was a functionality question, but will keep this in mind going forward. Best Karim

Thanks @Nicole Seaman One confusing thing is that I've just downloaded the learning spreadsheet here https://learn.bionicturtle.com/topic/learning-spreadsheet-jorion-chapter-6/ again twice, but still see it marked as New after refreshing the main Market Risk section here...