Less than 48 hours to the CFA Program exam and I thought I would share a little bit of inspiration with you in a video from YouTube and some CFA Program Jokes.
The video is a one-minute clip of quotes from the 1987 movie Wall Street, a drama about the good and the bad side of the industry. If you’ve never seen the movie, and I find it hard to believe that a CFA Program candidate hasn’t, the antagonist is an asset manager named Gordon Gekko. Gekko is the stereotype of the power-hungry ‘80s corporate raider.
I have never liked the not-so-subtle lesson about morality in the movie. Yeah, Gekko was supposed to be a villain and broke insider trading laws but man he was hard-driving and I think a lot of us can relate to his spirit. Beyond all the lessons from Oliver Stone that capitalism is bad, we know that it is Adam Smith’s self-interested invisible hand that pushes each of us to be the best analyst and the best asset manager we can be.
It’s that hard-driving spirit in all of you that led you to tackle the CFA Program exams, three of the most difficult professional exams out there. It’s also that hard-driving spirit within all of you that will help you allocate funds to projects like start-up companies and billion-dollar projects that will make the world a better place.
Let the engineers say they create things…their creations wouldn’t get off the ground without your financing.
Let the social activists shriek about the social good… it’s the returns you make on assets that give people the financial security to help the less fortunate.
Let the regulators talk about too big to fail…for those of us in the industry, failure is not an option.
This is your wake-up call pal! Go to Work!
And a few CFA Program jokes to get you by…
A young banker decided to get his first tailor-made suit. As he tried it on, he reached down to put his hands in the pockets but to his surprise found none.
He mentioned this to the tailor who asked him, “You’re a banker, right?” The young man answered, “Yes, I am.”
“Well, whoever heard of a banker put his hand in his own pocket?”
A man visits his bank manager and says, “How do I start a small business?” The manager replies, “Start a large one and wait six months.”
What’s the problem with banker jokes? Bankers don’t think they’re funny, normal people don’t think they’re jokes.
A market analyst is an expert who will know tomorrow why the things he predicted yesterday didn’t happen today.
An accountant is having a hard time sleeping and goes to see his doctor.
“Doctor, I just can’t get to sleep at night.”
“Have you tried counting sheep?”
“That’s the problem – I make a mistake and then spend three hours trying to find it.”
Just two more days of studying to go! You’ve worked your butt off and you are going to do well, I know it.
Good luck on Saturday!
Joseph Hogue, CFA
You may want to read about CFA Program jokes