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Read the CFAI Code of Ethics and Standards of Professional Conduct: http://www.cfapubs.org/doi/pdf/10.2469/ccb.v2010.n14.1 ... and you will better understand that she is very likely NOT living up to her obligation as a Charterholder ... classic Standard I(B) and V(A) failure IMHO

Well good for you :) I just noticed your "The harder you work, the luckier you get." - could not agree more, though I had only about 200 hours to put into L2, so I guess luck did play a part ... I'd love to chat about prep materials etc. I'm reachable at [email protected] Cheers!

Likely it is a combination of luck and preparation ... but going 3 for 3 would be nice :) Did you take L1 in June? I took mine in Dec ...

Congrats guys - very happy (and jealous)! Phacelia - I do not know how you calculated 8%, but since CFAI does not publish separate numbers for 1st time takers and retakers, the number I believe you are suggesting is a maximum ... more likely for 3/3 people the real statistics are (my rough estimates) LI - about 30%, as retakers will have a significant advantage LII - about 40%, retakers have an advantage but not such a great one as this is a tough exam (as we all know) LIII - no idea, but I assume its again skewed in favor of retakers, so let's assume 45% This comes out to around 5.5% .... so I would say anywhere between 5 and 8 percent chance Are you taking L3 next June? Have you signed up yet?

Liberty, Phacelia - congrats! I also passed L2 after passing L1 this past December ... 2/2 is a very sweet feeling, but not half as sweet or as useful as the stuff I've learned here in this forum. You would think CFAI would bother to at least have a good thorough section about how to analyze a company's management instead of some of the nonsensical stuff that is in the CBOK (at least for us of the value cloth), but I'm just happy to move on to L3!