tag:blogger.com,1999:blog-17478547.post8964935254651469509..comments2024-03-27T20:17:30.597+08:00Comments on Growing your tree of prosperity: Tools for Titans #4 : Derek SiversChristopher Ng Wai Chunghttp://www.blogger.com/profile/15534057160494859977noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-17478547.post-45497063159688775052016-12-18T11:11:38.721+08:002016-12-18T11:11:38.721+08:00I think there is little guidance on model selectio...I think there is little guidance on model selection but applying more models would provide a better perspective to the issue.<br /><br />Have you tried this Coursera course from the University of Michigam called Model Thinking?<br /><br />You will love it !Christopher Ng Wai Chunghttps://www.blogger.com/profile/15534057160494859977noreply@blogger.comtag:blogger.com,1999:blog-17478547.post-44024092649189459292016-12-17T12:23:23.969+08:002016-12-17T12:23:23.969+08:00Thanks for the tips. Will be busy preparing from n...Thanks for the tips. Will be busy preparing from now.<br /><br />Actually I find that there are a lot of repeating patterns in life which have already been modeled in the sciences. The difficulty is in identifying which is the best model to use and trying to decide which of the assumptions hold and by how much.<br /><br />Life to me is interesting in this way.Jonhttps://www.blogger.com/profile/00525893992596632176noreply@blogger.comtag:blogger.com,1999:blog-17478547.post-63633640399639457222016-12-16T00:25:07.111+08:002016-12-16T00:25:07.111+08:00As for CFA 2, I remember it to be the most mathema...As for CFA 2, I remember it to be the most mathematical of the exams which is chump change for engineers.<br /><br />Buy Stalla or Schweser if they still exist. Do them like 10 year series. <br /><br />If you are super kiasu, go to Bras Basah and buy previous year preparation guides.<br /><br />I struggled with CFA 3 though...Christopher Ng Wai Chunghttps://www.blogger.com/profile/15534057160494859977noreply@blogger.comtag:blogger.com,1999:blog-17478547.post-85323583226012797422016-12-16T00:23:28.181+08:002016-12-16T00:23:28.181+08:00Thank you for sharing your insight here !
Scary h...Thank you for sharing your insight here !<br /><br />Scary how much personal development advice can be covered by real option analysis. <br /><br />Christopher Ng Wai Chunghttps://www.blogger.com/profile/15534057160494859977noreply@blogger.comtag:blogger.com,1999:blog-17478547.post-38156521039313715522016-12-14T23:10:52.496+08:002016-12-14T23:10:52.496+08:00Also, thank you very much for your posts. They are...Also, thank you very much for your posts. They are very educational, practical and thought provoking.Jonhttps://www.blogger.com/profile/00525893992596632176noreply@blogger.comtag:blogger.com,1999:blog-17478547.post-33125243687118623382016-12-14T23:09:14.619+08:002016-12-14T23:09:14.619+08:00Regarding point B. Think of option pricing theory....Regarding point B. Think of option pricing theory.<br /><br />Early in the game, T is large and Volatility is high because of high uncertainty. Exercise price is also low as opportunity cost (i.e. lost income) of exploring options is low since you have no experience and can't command a high salary.<br /><br />Actually the whole section seems to be about option pricing. For C the theory is correct but it has ignored the cost of obtaining the options. Which is a rehash of A which is essentially keeping your options open restated.<br /><br />Finally a totally unrelated question.<br /><br />Any advice on how to prepare for CFA level 2? <br />Jonhttps://www.blogger.com/profile/00525893992596632176noreply@blogger.com