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Hi Nicole, surprised but also delighted to be awarded with the trophy once more! Apologies for being not present in the forum that often as you are used to be. I would like to go for the Amazon gift card, please. Now when it's getting a bit cooler I will be back in the forum more often, I...

Hi, looking for a pdf version of Paul Donovan's excellent book "The truth about inflation". @David Harper CFA FRM, do you have it?

The master brings the big guns in! Outstanding piece, @David Harper CFA FRM! Thanks for the clarification.

Hi @QuantMan2318 thanks for your input. Need some time to think about it but at first glance it seems a plausible explanation.

It is hard to gernalize. Most probably if you have some in-depth background knowledge across various topics then 4-5 months may not hold but remember one thing: you can never be well prepared for the FRM exam. And every hour spent 'more' (for all the minimalists) will benefit you somehow later...

Everything is possible in life even climbing up the Mount Everest without an oxygen mask, but this one (Part I & II) is highly unlikely except you spend at minimum 4-5 months preparing for it every day (full-time). The depth and breadth of the material is so huge that you are at high risk...

Hi @David Harper CFA FRM, I would like to reopen this discussion as there a few things unclear here which already puzzled me at the beginning of July when commenting on it. 1. Option The 5th percentile (having n=100 datapoints) using the location formula of the percentile: (n+1)*(Y/100) >>>...

Really honoured to get the trophy once again. Little bit like Roger yesterday :) As always, I would like to go for the Amazon gift card, please. Thank you, Nicole!

Above this undoubtedly great explanation by my friend @brian.field, I just wanna point towards the graphics @David Harper CFA FRM has compiled in the study materials about each respective entity in the securitisation process/chain. Best explanation I have seen so far!

Big thumbs up! Should have stayed two weeks.

This is the interpolation formula (mainly used for such simplified exercises) to determine the 95% VaR. How is it done? 1. As a first step the weights for return at t:zero, t:1 etc. are determined. E.g., the weight for the worst loss is determined by (1-lambda)*lambda^0; for the second worst...

Hi, No it is just the other way round. VaR moves (very roughly speaking) in lockstep with the economic cycle. It is low during booms and high during busts. Let me first cite the genius Max Wong and his book Bubble Value-at-risk (page 7-8): The idea of procyclicality is not new. In a...

There has been a vast amount of changes from 2016 to 2017, but as you can see Nicole's post dates back to 2015. There is a more recent one uploaded by Nicole in December 2016: https://forum.bionicturtle.com/threads/2016-2017-curriculum-change-analysis.10037/

I would like to point towards my contributions about Jensen's Alpha, please have a look at these: https://forum.bionicturtle.com/threads/p2-t8-704-alpha-and-effective-benchmarks-andrew-ang.10204/#post-49892...

Carol Alexander's book is and will always be up-to-date and I think it takes you months or ages to master all the material she covers in detail. If you don't want to be a researcher focusing on a particular high level topic, her book will always be YOUR main reading (day and night) and gives you...

Hi @David Harper CFA FRM, long time no hear. What an honour to be referenced here. Carol Alexander's is not up date but there have been some valuable contributions over recent years (especially from Carol herself! and some errata in the books have been revealed as well).

Can you please tell in which chapter this equation is mentioned? I have not yet seen anything like the equation you posted above. I guess you are mixing things up here. The Information (IR) = alpha/residual risk where residual risk = Tracking Error (TE) The information coefficient (IC) is...

There are hundreds of books out there ranging from Jeremy Siegel to W. Buffett about investing, but I would say that a specific exam like the CFA or FRM improves your ability to generate a solid return. It definitely helps if you have the troika: CFA, FRM and CAIA. At least you get the tools to...