Lee Eugene Munson is the founder and chief investment officer of Portfolio, LLC (http://www.portfoliollc.com/). He is a regular commentator on CNBC and writes a daily trading blog on Seeking Alpha. Mr. Munson has a significant and salient background in the financial services industry. Early in... More
Fund managers have bucked the trend of investing in assets they didn't understand and are now building a foundation of solid risk management and fundamentals. The need to understand how assets are priced is finally getting prized as more diverse products hit the market and there is waning faith in the efficient market hypothesis. This is underscored by the fact that sittings for CFA exams has increased 14% YoY this month. It is becoming widely understood that the CFA credentials are more dependable than Masters in Finance or MBAs, so much so that now 93 business schools worldwide are aligning much of their Masters in Finance curriculums with the CFA program.
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The CFA credentials are important...which makes me wonder how someone who has it (as indicated by Lee's profile) would not know what the letters in CFA stand for.
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Return to actual knowledge and skill for managers and analysts 3 comments
www.ft.com/cms/s/0/bdf9cd08-5bd7-11de-ae...
Fund managers have bucked the trend of investing in assets they didn't understand and are now building a foundation of solid risk management and fundamentals. The need to understand how assets are priced is finally getting prized as more diverse products hit the market and there is waning faith in the efficient market hypothesis. This is underscored by the fact that sittings for CFA exams has increased 14% YoY this month. It is becoming widely understood that the CFA credentials are more dependable than Masters in Finance or MBAs, so much so that now 93 business schools worldwide are aligning much of their Masters in Finance curriculums with the CFA program.
Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.
This post has 3 comments:
On Jun 22 01:24 PM Graham and Dodd Investor wrote:
> 14% YOY rise in CFA exam sittings. Another sign of a bubble.
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