Demonstrating English Lit & Language skills are far more important than the CFA.

I believe he has a PhD in Phil

@@johnsnow6019 Good to know.

How did it go ?

@@bestuploader1 Went great! I've been told I'm a finalist and just hoping to hear back with the offer this afternoon. Thanks for asking.

😂

Criticizing journalists or poetry walkthroughs?

@@MarkMeldrum why not both?

@@MarkMeldrum both is fine lol

Some request my channel specifically. So if they are requesting my channel, it’s because I have the traffic. Otherwise they would just use their own channel. And if I have the traffic and they don’t, if they have to come and stand in front of my store to sell their product, what does it say about their product? It’s kind of like the loser guy in the club that hangs out outside the women’s bathroom.

I believe you are missing the point of this video. You are asking for a destination based on someone else's experience. What you should be asking is what path you want to explore based on your own experience and that is something that dr. Mark can't help deciding with.

But it does help. Reframe it. Why is a job the only destination that produces value from the journey? 1. As an accountant, as an educated person, your income will produce wealth during your career. With this knowledge, you are in a far better position than most of the retail investor population in terms of growing that wealth. What is the value in terms of what you can now do for yourself? 2. We live in an entrepreneurial world - no need to always be a job taker. Start your own research firm - pick a sector and be the best at it. Use KZfaq to demonstrate your ability - create a substack and get subscribers - use Seeking Alpha and Motely Fool to publish teaser pieces, and get paid for it. 3. Show a track record of building model portfolios that outperform the market - attract investment.

@@MarkMeldrum tks for this! I'm 37 y and every time I'm in doubt about keep on pursuing this CFA dream and start searching for opinion on the internet, I fell more distant from this dream. A lot of people out there saying it doesn't worth it in this age...Let's keep this flame on

Write how you think. To think better, any book on Critical reasoning or Critical thinking should get it done.

No, this is not that.

To be fair, after having watched Mark’s videos, those paths immediately make me think of L2 interest rate lattices, so it’s entirely possible that Mr. Frost actually ended up in the same place he would have ended up had he taken the other path. 🧐

1. Based on what I read, No she’s not. She’s a bad writer. Also a bad journalist - scroll down the comments for my reply to another defender. This was a piece written for clicks - the lowest form of “journalism”. As I replied to another person, enrolment for all types of educational designations, diplomas, and degrees were down globally, not just CFAI. The author only had a personal problem with CFAI - so that was the story. Really missed the bigger picture there. 2. We see what we believe. If you are pre-disposed to believing people are biased against you because of some aspect of your identity, you will interpret every random event as being about that. Makes you wonder who has the issue with it. 3. I don’t think we read the same article. She showed no ability to apply basic concepts of either analysis or journalism. 4. Yes I would have said the same thing - and again with the female issue. Makes me wonder again who really has the issue with it. Next time, rather than getting a friend or alias to respond, try your own voice.

@@MarkMeldrum I don't know her personally, but her story in the CFA Ireland Career Guide publication a few years ago was a major driver in why I signed up for the CFA and subsequently paid you for lessons.

In this Career Guide she mentioned she lived in a ‘fancy apartment” in Manhattan? Seems like a personal detail to me, one that a friend would be more aware of. Out of curiosity, did you read her piece? And if so, do you agree with the singular focus on enrolment down for CFA, so it must be CFA with the issue? Would you accept that the bigger story would have been the decline in stature of formal education among Gen-Z? You see, to me that is the factor. CFA enrolment is not the story, it is only evidence of a bigger story. One Google search is all it took me to find that. Pages of results. One Google search - and I never attended journalism school. One. Google. Search. One would think, nay - expect - that an “excellent journalist“(1), a “famous journalist” (2), “an extremely accomplished journalist” (4), would have done one Google search.

@@MarkMeldrum In any case, this was an opinion piece, not journalism. And she gave her opinion, informed from completing the program herself and speaking to hundreds of others who did it too. You might disagree with her anecdata-driven conclusion, but the personal attack in this video was unprofessional and uncalled for. Funny maybe, but a massive lapse from your usual high standard of professionalism. Hitting you back with an equivalently personal attack would almost certainly be a breach of FT code of ethics.

You are correct - this was an opinion piece and not journalism. But much as my opinion of her may be called reckless, her opinion of the value of the charter is just as reckless, and more widely damaging. From her story - "The truth is that what is in the textbooks never really mattered". That is reckless. My video encourages, her piece discourages. Thank you for the lively exchange - I always enjoy a good game of cognitive chess. We'll call it a stalemate. Eyes on your currency right now - down over 400 pips in the last 30 minutes.

Hold on there buddy boy. She is not just sharing her experience, she is projecting her experience on the value of the charter as a whole. The entire story is biased by her view of the value for herself. In the story, she notes that enrollment for Level 1 is down in 2021 from 2019 levels. And from there runs with a story that the value of charter is not what it was. However, as I said in the video, the process of getting the charter did not make her better at her job. What do we learn in Level 2 Equity about relative valuation? If I say stock ABC is down 15%, should I then conclude that ABC has a problem? What if the rest of industry is down 30%? The first thing you do is construct a peer group to determine if the issue with ABC is systemic or idiosyncratic. Had this "journalist" applied what she should have learned at Level 2, she would have first determined if the drop in enrollment was specific to CFA or industry wide. Had the "journalist" applied what she should have learned in journalism school, she would have known to ask questions. A simple Google search would have shown her that it was all designations, and even Universities and Colleges, and not just in North America or the UK, that were showing significant drops in enrollment. She did not do that. She failed to apply a basic concept from her CFA journey and failed to apply basic tenets of journalism. Instead, she editorialized. And in the end she notes that SHE stopped paying for the designation. The Financial Times (the print edition) is a leading financial publication. That her employer would not pay the fee (as most employers do) tells me that they do not see value in her. Based on her output, it appears that both the journalism school path and the CFA path were wasted time - neither made her better at her job - and it is probably because she focused too much on the destination and did not explore the richness of the journey. Hence the regret in her last paragraph. This video is NOT a defense of the charter, it is about making the most of the path you are on, if you have chosen to be on this path. It is not about the outcome, it is about how you get there. And how you get there is what makes you, not the outcome. She is not a good analyst nor is she a good journalist. I have traveled all over the US and after a while, all cities tended to look alike. However, the road to those cities were unique. I think I have more picture and stories about the roads I took than about the destinations I arrived at. If you take a super sonic jet to each destination, you miss the journey, and it is the journey itself that makes the traveler interesting. That is the message of the video. I think you missed that.

@@MarkMeldrum You know you could have handled it differently. People like her say such things because they are struggling to make sense of the world and their own lives. You just cannot remark the way you did. I live in London and the news last night there was a piece on a young girl who committed suicide because she was in despair and struggling. Turns out months before her suicide she had expressed her frustrations at life on a number of the celebrity sites she was following. Sadly no one picked this up. Her plea for help. When I listened to your piece I brought this memory back. I don't disagree with what you said. It's the way you said it. We have to be aware and very careful with how we respond to people's articles online. Especially someone like you who is not only respected by a younger generation like me but also has a huge following. You may not realise it but for people like me you have had a massive impact on my life. I work for one of the largest companies thanks to some of the videos and insights you have shared with us over the years. The rest of the community might agree with the way the message was delivered but I feel differently and it's the reason I mentioned it

Dont u need finance work experience to get the charter?

I think this stupid because cfa allows many people to enter the finance field who do not have a degree in finance or finance related subjects and don't have the network in this industry to get their foot in the door. Also the knowledge cfa provides is AWESOME. So the facts that anyone can enter it is a good thing imo. They should reduce the charges tho, very expensive for people who don't earn in dollars