Stocks are simple. All you do is buy shares in a great business for less than the business is intrinsically worth, with management of the highest integrity and ability. Then you own those shares forever. I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.

September 24, 2008

topics analysis


L1 topic breakdown of importance:

  • Ethical and Professional Standards, 10-20 percent
  • Investment Tools 45-55 percent
    • Quantitative Analysis, 7-17 percent
    • Economics, 5-15 percent
    • Financial Statement Analysis, 15-25 percent
    • Corporate Finance, 3-13 percent
  • Asset Valuation, 45-55 percent
    • Equity Investments, 5-15 percent
    • Fixed Income Investments, 5-15 percent
    • Derivatives, 0-10 percent
    • Alternative Investments, 0-10 percent
  • Portfolio Management, 0-10 percent


My weights: Financial Statement Analysis: 30%









The Level I Exam emphasizes investment tools (50 percent of the exam) and the fundamentals of asset valuation (30 percent). Generally, the largest single topic on the Level I Exam is Financial Statement Analysis, which includes Corporate Finance in the exam topic breakdown.

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