David Compares Durations in CFA vs. FRM

I'd like to clarify duration terminology as it pertains to differences between the CFA and FRM. Our forum has hundreds of threads over 12+ years on duration concepts (it's hard to say which links are the best at this point, but I'll maybe come back and curate some best links). Our YouTube channel has an... Read More

Week in Financial Education (June 7, 2021)

Welcome to another WIFE. We started a new series of practice questions (PQ) for Financial Markets and Products (P1.T3). Question 21.2.1 (Investment banks) reflects my style of packing three concepts (any one of which might be tested) into one question by using the Dutch auction's answer to inform a comparison to the other approaches (best... Read More

Capital Market Line (CML) vs. Security Market Line (SML)

We received a question on YouTube that is helpful in understanding the relationship (and difference) between the Capital Market Line (CML) and the Security Market Line (SML). Related, earlier in the year Akriti1 posted another provider's (EPP's) flawed CML/SML practice question that's typical of a naïve understanding of the CML/CAPM framework: the author presumes the only difference is... Read More