Beat The CFAs!

Saturday, April 21, 2007

Practice Exams

Getting to work now on the practice exam. I revisited some old documentation and it's scary to see how easy it is to fall into the wrong mindset (panicking about the test and overstudying). The early stuff I read really focused on breaking everything into pieces, zipping through the material at a high level, staying on schedule, and trying to focus on studying versus taking the test. Anywho, now that I'm on the exam practice, it's time to work on weaknesses and really do the work to bump up my score. I'm also shifting from panic to motivated, as I see now that it's a challenging test but not focusing so much on failing and passing but being on prepared and not prepared (subtle shifts).

Interesting note on how to think of Geometric mean vs. Arithmetic mean (it's so simple it may not come across right). When you have a set of numbers, assuming they have the same value, the arithmetic mean gives you what the equivalent is if you ADD them up. The geometric mean, assuming they have the same value, gives you what the equivalent is if you take their PRODUCT. Duh!

Takeaway: As always, it's helpful to go back to the basics and remind yourself why you're doing this and how you're going to take care of it. It's all too easy to get caught up and panic.

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