New Level 1 (Part 1) Formula Summary Sheet available

Hi there!

Suzanne just uploaded a new 2011 L1 Formula Summary sheet. This is my 87-page extraction (from Topics 1 to 4 = L1) of the 2011 FRM contents but with an exclusive focus on the key FORMULAS.

This formula sheet is not exhaustive/comprehensive with respect to all of the "calculate" AIMs. Rather, I select (in my judgement) the most important from a practical exam perspective, for the sole purpose of giving the L1 candidates a "quantitative boost" in the final three weeks
(please do not consider this as a substitute for regular preparation, it is too truncated!)

For paid members, here it is: http://www.bionicturtle.com/how-to/note/l1.key-formulas/

Thanks, David

Hi Shariq, Sorry we don't have such an a la carte offer this year (to be candid, I don't really want to offer as a standalone with the support of the rest: it's not a total solution, and i don't want to give the impression that it's anything more than a bonus/boost supplement to our regular program), thanks, David

Lavinde,
I just wanted to make sure that you understood the 9 pages of the formula sheet is only a sample. The full formula sheet is a total of 87 pages which covers all (4) topics.
Thanks,
Suzanne

Hi Chad, not yet, we'll do that after the videos. Thanks, David

Hi Chad,

Sure thing. Yes, the timing by GARP is typical, and so there is always some stress and scramble early in the year due to compression ahead of the May exam, I mean since they switched to two levels in 2008. Before then, we all had almost a year for the one FRM. I don't think GARP consulted with providers on this dynamic (I am confident that none of the provider appreciate the Jan- May cycle! ... it's a little asymmetric, if you think about it, providers have more work to do). However, despite reading changes, the year over year continuity is quite high. The FRM changes, to be sure, but it's easier to see the change (eg) over three years.

Like this year's 2012 Part 1 is very much the same as last year's Part 1: it is so similar that I could record almost the same videos (but we are instead seeking to improve them with a concepts focus + sample questions). So, really, regardless of which materials a candidate used, there is nothing precluding immediate preparation; e.g., the quantitative concepts are currently very constant, which i sort of like b/c i can focus on better questions and simplifying previous material. thanks! David

Nope, I prioritized the mock exams. I think i will refresh new formula sheets along the lines of Alek's suggestion here @ http://www.bionicturtle.com/forum/t...ring-key-foundation-concepts.5769/#post-16520
but that will be looking ahead to the November exam. I'm not going to go crazy in the last week, support is enough, then will will start the proactive plan for November.
so no need to status check, it doesn't do anything for me

Actually, for what it's worth, our second semester plan (i.e., to support for November) will include a focus on:

1. Revising, updating all the learning spreadsheets
2. Brief case-study videos by topic (which i think will be much more effective than tedious AIM by AIM). For example: volatility, here it is, here is how it's defined, let's do 2 or 3 PQs/applications of volatility. Duration. Etc.
3. The structured email program to help with disciplined study plan
4. The annotated formula sheets (per Alek's suggestion)

Hi Trabala38,

Good to hear from you, good luck with the revised plan for November.

1) No. It's coming in the second semester. Basically Jan-May is a crunch to produce the source AIM-by-AIM material, something i've come to view as "defensive" given the overlong, disorganized outline of the AIMs. (I think a structured focus on core topics, a less granular approach, would be much more effective.) Then June to November: we get to be proactive with above initiatives (e.g., structured e-mail).

2) I deleted my previous long-winded essay (yikes I am exhausted from support). The answer here is: I will think about publishing the plan for this. But I am really skeptical that pre-publishing such a plan will make any actual difference. My experience is that while, lots of people like to talk about utilizing such a plan in a coordinated fashion, very very few follow up on it, in synchronized fashion. In short, it's a buying criteria but not so much a thing people use. So i don't want to get seduced into something that only adds support burden for us ("where is the item you promised here today?" ... even though they aren't needing it today!. Actually, FWIW the most relevant issue is: to pre-publish it is to invite dialog and input. It is very difficult to parse useful input from merely loud input on this topic. As the most diligent students tend to "just get started," and self-start with the considerable existing resources, the signal-to-noise here is pretty low; e.g., every single study plan I have written for corporate clients, that was so necessary at the onset, has never been fully utilized. Every single one.). I think it's much more effective to put it out and let people arrive to it, on a lagging basis, when they are ready, at their convenience.

In regard to an early start, I think that is always the best plan.

Thanks,

Hi Mahesh,

Yes the formula sheet is somewhat valid, HOWEVER we will be updated formula sheets for both P1 & P2 this semester (i.e., ahead of Nov exam). I am working on calendar now, I think we will publish by EOD. Thanks!