Written by CFA charterholders. Sub-topic analysis, exam strategy, and everything in between.
26 articles on CFA Level 1 · Page 1 of 3
Roughly 170,000–200,000 candidates register for CFA Level 1 each year — down ~40% from the 2019 peak of 280,000. The drop is mainly a China…
Macaulay = weighted-average time to cash flows. Modified = Macaulay / (1 + YTM/m), price sensitivity per 1% yield change. Effective = scena…
FIFO expenses the oldest inventory first; LIFO expenses the newest. In rising prices: LIFO means higher COGS, lower profit, lower tax, lowe…
Quant nearly doubles, Ethics shrinks and four topics are renamed. What changes in the 2027 CFA Level 1 curriculum, who it affects, and how …
Ten free CFA Level 1 practice questions covering every major topic, with worked answers and the trap each wrong option is built on.
Most CFA formula sheets list everything and prioritise nothing. This one sorts every formula into three tiers by how often it is tested and…
CAPM appears in some form on virtually every CFA Level 1 exam. The formula has three inputs; the ways to get it wrong number rather more th…
Four risk-adjusted performance measures, four different denominators. Computing the right ratio for the wrong question is the most common w…
NAVPS looks like the easiest formula in Alternative Investments until a question asks you to accrue fees first, apply a high-water mark, or…
Candidates ask what mock score guarantees a pass. The honest answer is that no score guarantees anything — but the trend, the conditions an…
WACC is short, appears constantly, and is one of the most reliably mis-answered calculations on CFA Level 1. Almost all of the errors are i…
Most Level 1 Derivatives questions that look like valuation problems are rearrangement problems. Put-call parity is the rearrangement.
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