With less than a month to go, several of this blogger’s mental faculties seem to have gone offline. In the space that previously housed “fear of public failure,” new tenants have arrived in the form of after-tax return equations, biases that impact investment decisions, and a multitude of currency hedging strategies.
Ego defenses down, FT Alphaville would like to draw your attention to a brilliant post by the people at the 300 hours. It’s entitled “Sh*t People Say (to CFA candidates)”. Tl;dr version available to the right.
Drumroll… Read more
Convergence of US and international accounting standards is less important than making accounting rules more relevant, an investor poll has found. A survey by CFA Institute, a group of more than 16,000 investment professionals, found that three quarters of respondents believe that improving standards to facilitate investment decisions is “at least as important if not more important” than reducing complexity or convergence. Only 6% of respondents said that converging the International Accounting Standards Board and its US rival should be the key objective.
Not everyone, clearly.
In fact, the reputation of the alpha-seeking brigade continues to deteriorate, according to the 2009 Financial Markets Integrity Index for the US, compiled by the CFA Institute. Read more