Best products from r/CFA

We found 24 comments on r/CFA discussing the most recommended products. We ran sentiment analysis on each of these comments to determine how redditors feel about different products. We found 34 products and ranked them based on the amount of positive reactions they received. Here are the top 20.

Top comments mentioning products on r/CFA:

u/DANdruff4MEN · 2 pointsr/CFA

I would recommend BIWS for someone without direct experience that has an Excel modelling test in a week.

If you're trying to generally get better at your Excel / modelling skills then I'd recommend this book off Amazon:

https://www.amazon.com/Modeling-Structured-Finance-Flows-Microsoft%C3%82-Excel/dp/0470042907

u/naked_short · 1 pointr/CFA

Depends on what you're interested in -

Most of my work is in derivatives so would recommend

u/jjl555 · 2 pointsr/CFA

For sure. Yea most superfood drink taste like shit and garden mulch. This stuff tastes pretty awesome though
Superfood Green Drink

u/Wild_Space · 3 pointsr/CFA

If you know R, then Python should be no problem. Learning Python helped me learn Java, and now R just seems like another step. I think my Python resources are out of date now, since I was learning Python 2. Learn Python the Hard Way used to be free, now he's charging for it. Coding Bat is cool for practicing. Here's some MIT readings I used too, but again, theyre for Python 2 so theyre going to be out of date. I actually just picked up Automate the Boring Stuff but havent used enough of it to recommend it yet, but it definitely looks interesting.

edit: Here this post of mine from a while back has a lot more Python resources that may or may not be useful anymore:

https://www.reddit.com/r/CFA/comments/6h5566/python_resources/

u/S-6-6-6 · 2 pointsr/CFA

Check out Simon Benningas book....Financial Modelling

https://www.amazon.co.uk/Financial-Modeling-Simon-Benninga/dp/0262026287

One of the best books around for this topic for sure.

u/zebulo · 2 pointsr/CFA

There are roughly 5 components in the practical CAPM model: (i) market risk (ii) value (iii) size (iii) momentum (iv) profitability.

The market risk beta was developed in the 60's and captured around 60% of volatility.

Adding the value beta and size beta - developed by French and Fama - brought the tally up to 90%.

The momentum beta then bumped up volatility capture to 95%.

So... if you have a single factor CAPM - the traditional market risk measure - you are still leaving around 40% of volatility unexplained.

In short: Add factors! Even if (European) CAPM traditionalists frown upon this.

Edit: This is a great book on the topic, and covers all recent academic publications!

u/re_me · 3 pointsr/CFA

I guess you can buy this?

https://www.amazon.com/Program-Curriculum-2017-Level-Volumes/dp/1942471866/ref=sr_1_1?ie=UTF8&qid=1501535786&sr=8-1&keywords=cfa+level+2

But it is kinda steep. For that price you can probably buy an older generation ipad or samsung tablet and just run Vitasource bookshelf (the delivery method you receive the curriculum)

Or, is the CFA app still around?

The work around is to print at PDF, and then open on your kindle like khruschev already suggested. I don't know how the kindle would render it.

I would experiment with your L1 materials and see how it looks.

As far as getting the kindle version from amazon,

I would just order this:
https://www.newegg.ca/Product/Product.aspx?Item=24W-0002-003B1&nm_mc=KNC-GoogleAdwordsCA-PC&cm_mmc=KNC-GoogleAdwordsCA-PC-_-pla-_-Mac+-+iPad-_-24W-0002-003B1&gclid=Cj0KCQjwqvvLBRDIARIsAMYuvBGU6yakjbbdl44OVxv8nWduQrCZj7ZjajG-Piu4P2rSr8vt8kjpV7IaAmLOEALw_wcB




u/PIK_Toggle · 13 pointsr/CFA

I started out in HY. This is a good list.

I’ll add that your main focus is liquidity. Can the company service its debt? Make payroll? What’s their cash burn rate?

I’ll second learning about covenants and capital structure (secured, unsecured, preferred) and which entity the debt sits at. Focus on how close the company is to violating their covenants. What happens if they trip a covenant? How much of their asset base is pledged as collateral? If a company files for BK, how much can you recover?

Know their leverage ratio. Know what their EBITDA looks like on a rolling basis. Did they have a monster 4Q18, which gave them a ton of room? If so, when will their EBITDA fall off?

If you have time, read this book. The legal info is probably stale, but the analysis sections are still good.

u/DorsiaOnFridayNight · 2 pointsr/CFA

I'd highly recommend all of Buffett's letters and this, as well as this book

u/DeleteTheTapes · 1 pointr/CFA

Agree with EpicAlcohol, this is extremely vague. Do you know what securities the team invests in?

If it’s active equity, this is the canonical text book that everyone will tell you to read. It’s actualy very skimable since the chapters are broken up into a theory section and a math section.

Feel free to PM me for some more info. I was in a similar situation recently.

u/gohatters · 2 pointsr/CFA

Not bad at all. I used this book and found it easy to read and informative https://www.amazon.com/Pass-65-Plain-English-Explanation/dp/0983141169

u/Det-McNulty · 2 pointsr/CFA

I bought this one to study back in 2017 and have really liked it.

HON Nucleus Mesh Task Chair - Knit Mesh Back Computer Chair with Adjustable Arms, Black (HN1) https://www.amazon.com/dp/B00IMBTSBQ/ref=cm_sw_r_em_apa_i_bJxFDbA54P6KV

u/fuzzyaces · 1 pointr/CFA

It'll give you a decent foundation. But I guess, the more important question, is what are you hoping to learn? CFA will cover derivatives, accounting, debt, equities, corp fin., etc. Which might be too much to digest depending on what you want to learn.

You could also consider Financial Modeling by Simon Benninga depending on your goals.