The Day After

So it’s finally done. I have finished the exam. This is always the weirdest part of the process for me. It’s like being driving all day long cross country and then when you finally get to the hotel and sit down on the couch, part of you says “Time to go. We have to keep moving!” I spent over 20 hours of studying last week and at least that much the week before. Now, I have no studying. I have gone from full speed to stop. For the last couple of months all my free time has been spent studying or getting mad at myself for not studying. Now what? I don’t know what test I’m taking next June, and they haven’t told what will be on the test yet. However, my brain is saying that it’s a rainy Sunday afternoon with no good sports on – the perfect time to study. I know I need some time off; it will just take a few days to get used to it.

The biggest problem that I have with the test is that it’s multiple choice. There are 4 choices and you are either right or wrong. If I am computing the formula for DDM and for get to use next year’s dividend instead of this years, I am 90% right, which on a multiple choice exam is 100% wrong – especially when they will have the dummy answer as a choice so that I think I got it right. No one ever answers a question on a multiple choice exam intentionally getting the wrong answer. Either you think you got the question right or you guessed. For me, I think I performed well. I know I did much better than last year and guessed relatively rarely. Out of 120 questions, 12 are ethics (which is entirely another beast). That leaves 108 questions and I guessed on less than a dozen of those. If I got all of the other ones right, then I passed with flying colors. As a practical matter I certainly think I passed. However, there were 2800 other people in the room who also think they passed and most of them won’t. Anyway, there are no results yet. Not until much later but I’ll go into that another time.