Quarter Life Crisis, CFA, Stress

Posted on August 22nd, 2007 in Finance by Gary

I think quarter life crisis is an apt name in that at ~25 years of age (assuming you live 100 years) many people don’t know what to do with their lives. Most people have not found a job or field that they would like to be involved with. Warren, myself, and many of our friends & colleagues are in this situation. We are always on the lookout for something that piques our interest. At this age we are young enough to change careers and pick up new things quickly, yet old enough to have completed undergrad/grad education as well as some job experience.

 I’ve been studying for the CFA level 1 exam being administered this coming December. It is made up of 5 main topics:
Ethics and quantitative methods
Economics
Financial statement analysis
Corporate finance, analysis of equity investments, and portfolio management
Fixed income, derivatives, and alternative investments

I am currently on the 3rd topic, financial statement analysis, which is extremely dry and boring. The first two topics are straightforward but provides a lot to memorize. Ethics is memorization, quant methods is formula memorization and calculations (you need to learn how to use the TI - BAII Plus calculator), and economics is a mix of micro and macro. My interests lie in the 5th topic of fixed income, derivatives, and alternative investments.   

Studying and stressing has led me to thinking about the Stress Eraser product, which warren mentioned previously. It definitely looks promising. I may get it. However, a cheaper alternative is Classical Music and Slow, Deep Breaths.

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