"Three Passes" Framework

[nburt_99]

David,

I found your "Three Passes" framework very profound.

I have a question about the framework application to the source assignments.

My question: " Would you suggest to read the source assignments within each Topic three ( or more) times to nail them down before going to another Topic or to read all source assignments of the Topics in a predetermined sequence three (or more) times? Or may be there is another way to apply your framework?"

Please assume that I am not in hurry to sit for the exam. My primary goal is to truly understand the material. Also, please assume that I had no or limited prior exposure to most of the material.

Thank you in advance.

Respectfully,

NB

 

[archlight]

i feel learning curve is like commodity future curve. it is cyclic up and down but generally it is going up.

 

[David Harper CFA FRM]

@archlight: that is a funny-true metaphor (!). However, as a BT customer, I sort of had hoped you would write:
"i feel learning curve is like commodity future curve. it is cyclic contango and backwardation but generally in contango"
... nah, i am just teasing, but can we agree this would sound more impressive (and off-putting) at a cocktail party?

@nburt99: that you for liking my "framework" (here for reference)
I am sincerely stuck between your two alternatives, and i fear i have lost perspective being too close because:

1. When i was learning, I preferred your former, it is just my style. I would want to, say, immerse in credit default swaps before moving to Basel. Or, Basel is a good example of where personally i need to "hover" and would employ the "three swipes" WITHIN the TOPIC

2. But, what is fascinating to me as an ongoing learner of risk is: the more i study, the more i gain benefit from your latter approach, the idea of surveying across disciplines which is associated with "broad passes," if you will. This is ultimately more satisfying and makes for (myself) stickier learning. For example, IMO, the Gujarati Chapters and other core quant is, even for me, pretty dry stuff. Binomial distribution in a vacuum? zzzzzz snore.... but then apply it to a CDO as Alex does here @ http://www.marginalrevolution.com/marginalrevolution/2010/05/the-dark-magic-of-structured-finance.html
... and suddenly it's fascinating and easier to remember!
... so your latter approach creates more such chances to draw linkages

So i am not sure, but i am developing study planners currently (associated with our new site that will have various, customizable study plans) so i will return with thoughts if they occur to me

David