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Search: Posts Made By: lllj
Forum: Property - Casualty / General Insurance 04-15-2019, 11:23 AM
Replies: 17
Views: 1,246
Posted By lllj
i have been getting a lot of emails about this...

i have been getting a lot of emails about this banking seminar
Forum: Exam 9 (old Part 8) - Financial Risk & Rate of Return 04-15-2019, 11:06 AM
Replies: 2,030
Views: 83,989
Posted By lllj
yeah i was asking about this a few pages back ...

yeah i was asking about this a few pages back
looks like cookbook addresses, but examiner's reports have used the actual goldfarb equation before. you'd probably get credit for either but have to...
Forum: Exam 9 (old Part 8) - Financial Risk & Rate of Return 04-15-2019, 08:30 AM
Replies: 2,030
Views: 83,989
Posted By lllj
ohh they did say ratio in 2013. i didn't realize...

ohh they did say ratio in 2013. i didn't realize there was a difference
Forum: Exam 9 (old Part 8) - Financial Risk & Rate of Return 04-15-2019, 08:29 AM
Replies: 2,030
Views: 83,989
Posted By lllj
i found the one that confuses me. i got it right...

i found the one that confuses me. i got it right but don't get why they wouldn't give credit for other interpretations

2013 q24
insurance leverage factor = .5

examiner's report:
"Common...
Forum: Exam 9 (old Part 8) - Financial Risk & Rate of Return 04-14-2019, 07:21 PM
Replies: 2,030
Views: 83,989
Posted By lllj
insurance leverage factor: always 1+R/S, or...

insurance leverage factor:

always 1+R/S, or sometimes just R/S? i feel like i have seen it as both
Forum: Exam 9 (old Part 8) - Financial Risk & Rate of Return 04-14-2019, 03:16 PM
Replies: 2,030
Views: 83,989
Posted By lllj
the fact that we add in the investment income is...

the fact that we add in the investment income is the equivalent of taking them to t=1 (i think)

we assume the cash flows happen at t=0 but bring the actual income to t=1
Forum: Exam 9 (old Part 8) - Financial Risk & Rate of Return 04-14-2019, 01:58 PM
Replies: 2,030
Views: 83,989
Posted By lllj
thanks yeah i see that assumption now in the...

thanks yeah i see that assumption now in the cookbook. i was getting confused on a 2014 problem on this when i did it as a practice exam yesterday
Forum: Exam 9 (old Part 8) - Financial Risk & Rate of Return 04-14-2019, 01:30 PM
Replies: 2,030
Views: 83,989
Posted By lllj
goldfarb multi period capital problems: why...

goldfarb multi period capital problems:

why am i seemingly discounting to time = 0

for example the tia study guide page 22-23

first of all i get confused because we're seemingly discounting...
Forum: Exam 9 (old Part 8) - Financial Risk & Rate of Return 04-14-2019, 01:17 PM
Replies: 2,030
Views: 83,989
Posted By lllj
yeah i think i hadn't paid much attention because...

yeah i think i hadn't paid much attention because a lot of the problems just called them "discounted losses" and you didn't need to adjust. even looking at the source it wasn't immediately obvious...
Forum: Exam 9 (old Part 8) - Financial Risk & Rate of Return 04-14-2019, 12:34 PM
Replies: 2,030
Views: 83,989
Posted By lllj
this actually leads me to another question which...

this actually leads me to another question which is some confusion on timing in goldfarb economic profit

when we say "discounted losses" when are we discounting to? economic profit is premium -...
Forum: Exam 9 (old Part 8) - Financial Risk & Rate of Return 04-13-2019, 08:38 PM
Replies: 2,030
Views: 83,989
Posted By lllj
did awful on 2014, got a 4. so many dumb...

did awful on 2014, got a 4. so many dumb mistakes that threw me off
Forum: Exam 9 (old Part 8) - Financial Risk & Rate of Return 04-12-2019, 06:35 AM
Replies: 2,030
Views: 83,989
Posted By lllj
But I'm leaving premium at t=0 here, which I...

But I'm leaving premium at t=0 here, which I don't get. Why are my premiums and losses at different times?
Forum: Exam 9 (old Part 8) - Financial Risk & Rate of Return 04-11-2019, 10:15 PM
Replies: 2,030
Views: 83,989
Posted By lllj
why in panning is income P-L-E+(S+P-E)*y instead...

why in panning is income P-L-E+(S+P-E)*y instead of P-L/(1+y)-E+(S+P-E)*y

i don't get why the losses aren't discounted here, while they are discounted for other purposes in panning, for example...
Forum: Exam 9 (old Part 8) - Financial Risk & Rate of Return 04-11-2019, 09:20 PM
Replies: 2,030
Views: 83,989
Posted By lllj
did 2013 today. gave myself a 73.2%. some of...

did 2013 today. gave myself a 73.2%. some of these i make the dumbest mistakes and it's also so hard to grade yourself and figure out where to give partial credit. but hopefully i've been being...
Forum: Exam 9 (old Part 8) - Financial Risk & Rate of Return 04-11-2019, 01:27 PM
Replies: 2,030
Views: 83,989
Posted By lllj
thanks. yeah, i get it with the two assets or...

thanks. yeah, i get it with the two assets or two asset classes like debt and equity portfolios, but i get it less in markowitz theory where we are looking at all possible portfolios. i'm section...
Forum: Exam 9 (old Part 8) - Financial Risk & Rate of Return 04-11-2019, 11:10 AM
Replies: 2,030
Views: 83,989
Posted By lllj
? what equation? there could be many...

?

what equation? there could be many standard deviations for a given return, depending on the portfolio. do you mean the minimum standard deviation?


i understand for 2 assets / 2 groups of...
Forum: Exam 9 (old Part 8) - Financial Risk & Rate of Return 04-11-2019, 10:52 AM
Replies: 2,030
Views: 83,989
Posted By lllj
another question: i'm on page 220 up until...

another question: i'm on page 220

up until now i hadn't given a whole lot of thought to the minimum variance frontier
but why is it that it is a parabola? you make this curve by looking at every...
Forum: Exam 9 (old Part 8) - Financial Risk & Rate of Return 04-11-2019, 10:09 AM
Replies: 2,030
Views: 83,989
Posted By lllj
going back to basics I am on page 215 of the...

going back to basics

I am on page 215 of the Bodie textbook

portfolio opportunity sets - page 214 makes sense to me, but on page 215, what does the portfolio opportunity set curve represent...
Forum: Careers - Employment 04-11-2019, 09:56 AM
Replies: 10
Views: 823
Posted By lllj
Your entry-level salary will probably not be much...

Your entry-level salary will probably not be much higher than anyone else's, unless you are able to land a non-entry-level role.

But after you get a few years of actuarial experience under your...
Forum: Non-Actuarial Topics 04-11-2019, 09:18 AM
Replies: 40
Views: 690
Posted By lllj
He lead many initiatives in his prior jobs

He lead many initiatives in his prior jobs
Forum: Non-Actuarial Topics 04-10-2019, 11:30 PM
Replies: 40
Views: 690
Posted By lllj
People who can't spell "led"

I came across a (fairly senior) person's resume today, and it has the word "lead" written in the past tense probably 20 times. Otherwise impressive resume.

I know, I know, "read" is spelled the...
Forum: Exam 9 (old Part 8) - Financial Risk & Rate of Return 04-10-2019, 06:33 PM
Replies: 2,030
Views: 83,989
Posted By lllj
i feel like the goldfarb questions on VaR usually...

i feel like the goldfarb questions on VaR usually just give you VaR in the question and ask you to do a proportional allocation.

could be wrong there
Forum: Exam 9 (old Part 8) - Financial Risk & Rate of Return 04-10-2019, 06:32 PM
Replies: 2,030
Views: 83,989
Posted By lllj
LOL so much for my knowledge

LOL so much for my knowledge
Forum: Exam 9 (old Part 8) - Financial Risk & Rate of Return 04-10-2019, 06:08 PM
Replies: 2,030
Views: 83,989
Posted By lllj
they define VaR kind of differently in the...

they define VaR kind of differently in the different papers. i usually think of it as the 99th except for goldfarb questions where they are usually looking for you to say
P(loss/E[L] > 1 +...
Forum: Exam 9 (old Part 8) - Financial Risk & Rate of Return 04-10-2019, 06:05 PM
Replies: 2,030
Views: 83,989
Posted By lllj
just did 2012 (tia version with stuff not on the...

just did 2012 (tia version with stuff not on the syllabus removed)

hard to tell if i passed because the actual pass % was distorted by erroneous questions. gave myself a 71.9%. got completely...
Showing results 1 to 25 of 300

 

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