What is on this site?
  • Back in 2013, I was studying for the Level 3 CFA exam and I decided to put my notes online.
  • These are those notes.
  • So feel free to use them, or don't.
  • But if you do use them, there may be errors, so use them at your own risk.
Why are these notes online?
  • I passed the Level 1 and Level 2 exams the first time I wrote them.
  • Then I took a few years off because I had kids and I never had time to do anything anymore.
  • When I got around to writing Level 3 in 2013, I wanted a place to put my notes in a place where my kids couldn't destroy them.
  • Also, there is a lot of overlap between the readings and it helps to be able to quickly link to related material.
Are these notes up-to-date?
  • No.
  • They were updated in 2014 and 2015, but not very much since then.
  • Importantly, there have been some pretty big changes to the curriculum since then.
Why are a lot of these notes written in a conversational style?
  • I didn't plan that (I didn't plan anything about this site), it came out of a lot of late nights studying and getting frustrated.
  • I find that it's easier to learn something if you put yourself in the position of having to teach it.
  • Also, I like sarcasm.
So you put your notes online and used a bunch of sarcasm and passed Level 3 in 2013 and lived happily ever after?
  • Not so much.
  • I failed the Level 3 exam (Band 8) in 2013 because I mismanaged my time in the morning session.
But then you passed Level 3 in 2014 and lived happily ever after?
  • No.
  • I failed the Level 3 exam (Band 9) in 2014 because I mismanaged my time in the morning session.
  • Yes, I did finally pass in 2015, which is good because I like spending time with my kids again.
But I just looked at the calendar and it's... no longer 2015, so are these notes out of date?
  • Yeah, there are vast swathes of the curriculum that have changed since then.
  • For example, all of the readings for fixed income and equity have been re-written since then.
Why would you update your notes after you've passed the exam?
  • Because now I write mock exams and other prep materials for AdaptPrep.
  • So keeping this site up to date is a good way to make people think "Hey, I love those notes that some random guy put online for free, maybe I should go check out the stuff that he gets paid to do."
So if I go to AdaptPrep, I'll find more stuff like this?
  • Are you high?
  • No, if you go to AdaptPrep, you'll find proper study materials that have gone through an actual professional editorial process.
Can I e-mail you? Do you even have a name?
  • For answers to those questions, go here.
Can I get a hard copy of these notes?
  • Yes, due to popular demand (from at least 8 people), I've posted pdf versions of the notes for each reading here.
  • However, I recommend AdaptPrep's notes because these are purely a copy-and-paste of what appears on the site and they haven't been updated in a while.
  • Sorry.
Why are you sorry?
  • I'm Canadian and we have to say "sorry" every six second or we'll die.