Being Election Day tomorrow in the states, I suppose I should be pondering how the presidential race affects CFA candidates and the exams.
While I will be closely watching the news feeds and have more than a few debates with colleagues, I wanted to use this time to wish well all those affected by Hurricane Sandy in the Northeastern United States. After having witnessed the devastation caused by Hurricane Katrina in 2005 and seen many a tornado here in Iowa, I can imagine the distress you’re now up against.
I talked to a candidate friend in Newark who says power went out when the storm hit and was not restored until Saturday. “The East Ward looks like a war zone in Amsterdam with all the destruction and flooding,” he told me trying to use humor to hide his emotions. He said that initially he thought a few days shuttered inside would be a good opportunity to study for the exam, but quickly realized that he could think of little else but surviving.
More than a million people are still without power and the destruction is without precedent for the region. Even though some of the losses will be covered by insurance, people desperately need help now.
For more than 130 years, the Red Cross has been there for those that need it most. They are on the scene but more still needs to be done. Please go to http://www.redcross.org/ and show your support with a donation.
We’ll skip all the clichés about being stronger after being tested in such an environment and just say good luck and Godspeed.
Joseph Hogue, CFA
As always, we stand ready to answer any of your questions about the exam and managing your study plans. Email me or use the comment box below if you have any questions or suggestions.