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The video states that one downside of hedging is "Tradeoff between economics and accounting: reduced cash flow volatility may increase earnings". I don't really understand the statement very well: Reduced volatility may also decrease earnings (think about an OTM option close to expiry). How is...

So I guess what you're saying is that the $900+ that I paid does not give me access to the (once free) Excel files associated with the YouTube videos that were posted? And furthermore, you're also saying that you wouldn't even send me links, as a personal favor to a valued client, via direct...

Oh, I think I see. In other words, the link that I see to the YouTube channel is just kind of a "preview" of things to come? The videos should not be considered a part of the Study Planner that I'm currently working on, right? They'll show up later in the study planner along with a link to...

@Nicole Seaman I'm relieved to hear that paid study materials take precedence, but I'm a little worried that the over $900 that I paid might not be enough to make me eligible for the spreadsheets. If not, how much extra do you charge for the spreadsheets? Please see attachment Bionic Turtle...

I'm going through the Study Planner, and it feels a little strange going from the very high level "Building Blocks of Risk Management" from the study notes to nitty gritty details of vol scaling. Seems a little discontinuous since we haven't really looked at risk factors in detail yet. @Nicole...

I spend so much time in front of a computer, I loathe reading from a screen. Looks like we're essentially not allowed to print out the book FRM Part 1: Foundations of Risk Management from https://bookshelf.vitalsource.com. I understand why, but it's SO inconvenient. We spend our lives...

Looking for a study partner, mostly to help keep ourselves on-track and disciplined.

I wanted to check if there were any study groups that are starting soon, so I headed over to that forum to check. The first thing I noticed is that the most recent message was from March 2019, but upon a second look, the order of posts doesn't seem to have any bearing on the date order they...

About to take the FRM 1 prep course. Are there any books that I should consider purchasing that would be helpful to have as I take the course?

I was looking at the FRM Part 1 courses checklist and saw that it's grouped into 3 categories: Basic Foundation Mastery What's the high-level difference between these three courses?

I'm having a hard time trying to understand the classification of copulas. Here is my attempt; any corrections / guidance would be appreciated. At the top level we have empirical vs non-empirical copulas, which is kind of like non-parametric vs parametric VaR. A) Empirical copulas are...