“CFA exam shows charts have no validity”
July 1, 2008
I was reading an interview with bestselling author William O’Neil on the Globe and Mail this morning and he had a few criticisms of the CFA program that I thought were interesting.
reportonbusiness.com: The importance of being diligent
You have made no secret of your disdain for market theorists.
I have never made money listening to the academic community.
A lot of the things being discussed there are not as accurate as studying what the market’s actually done, cycle after cycle.
For example, the CFA exam shows charts have no validity. What they’re saying, in effect, is that supply and demand doesn’t work.
Yet the way to make money in the market is to study the market. It would be a good idea to ask the academics or CFAs how successful they’ve been in the market.
OPINION OR FACT
The cfa or academies create solid information and creates basic foundation.The only academic information do.is just i thought only intrument.you need this instrument.If suppose you have basic if you have only or big invester in the world.and than only path is destroying.so how destroy you to create world of finance.so you have basic.Than start again to climb up.
if you not academic or cfa finance basic and you are good invester in the world and than down turn
so in back up there is no way to create a world of finance and you only destroy.
I was wondering if you apeared for the exam already! How did it go? I am also planning a career switch and thinking about CFA.
I haven’t done the exam yet. I think I will do it next June as I’m still completing my last year of university.