group hugs

  • 29 Jul 2014 at 11:07 AM

Let’s Talk About: CFA Results

On a Saturday in June, men and women around took a couple of tests. They were the Level I and II of the CFA and while outsiders, family members, MBA grads and the like would never understand how much these exams meant, test-takers knew all too well. Hundreds of hours of studying. Thousands of dollars in test prep books and classes. Social lives sacrificed. Memorial Day weekends uncelebrated. Relationships with neighbors on the receiving end of multiple requests to “Shut the hell up in there I’m trying to study!” more than a little be strained. Episodes of Ladies of London never watched. The downside would be that it was all for nothing. The up? The thrill of one day putting those three little letters next to their name.

The ensuing weeks have undoubtedly been torture. Going over the answers in one’s mind and then going over them again. Comparing notes with a friend only to find you put down the exact opposite, comforting yourself with the knowledge that this guy is the dumbest person you know, only to wake up in a cold sweat with the terrifying thought that he might be an idiot savant whose brilliance lies in taking standardized tests about asset valuation, financial reporting and analysis, and portfolio management techniques.

So while today, and the days leading up, have been full of nerves, it also brings sweet relief. No more second-guessing. No more excusing yourself during conference calls to go throw up. No more alienating your friends by trying and failing to explain to them the concept of CFA Camp.

Read more »

At the private air terminal at Logan Airport in Boston early Wednesday, men in unwrinkled suits sank into plush leather chairs as they waited to board Gulfstream jets, trading consolations over Mitt Romney’s loss the day before. “All I can say is the American people have spoken,” said Kenneth Langone, the founder of Home Depot and one of Mr. Romney’s top fund-raisers, briskly plucking off his hat and settling into a couch…As the morning wore on at Logan Airport, more guests from Mr. Romney’s election-night party at the Boston Convention and Exhibition Center trickled in, lugging garment bags and forming a small line at the security checkpoint. “It’s going to be a long flight home, isn’t it?” said one person, who asked not to be identified. The investor Julian Robertson, who held fund-raisers for Mr. Romney and gave more than $2 million to a pro-Romney super PAC, arrived with several companions. Mr. Robertson spotted an acquaintance: Emil W. Henry Jr., an economic adviser and a fund-raiser for Mr. Romney, to whom Mr. Robertson had offered a ride on his charter. “Aww, group hug,” Mr. Henry said. [NYT]