Subject: CFA L1 last-min revision, speed reading, MBA & career focus

Would stock-picking by throwing darts perform just as well as active fund manager? ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­  

8 articles • 1d to Aug'26 • 86d to Nov'26 • 189d to Feb'27

  • CFA L1 cheat sheets - last minute revision: CFA L1 starts tomorrow. Three topic cheat sheets to bookmark now - Equity, Portfolio Management & Corporate Issuers. Other topic linked within the article. Read quickly, then put the books down. Best of luck!

  • Speed reading & a lighter take on the CFA syllabus: 5 techniques to get through material faster without losing comprehension. And if you need a study break, our two-cows explainer of all 10 CFA topics is a 300Hours classic.

  • Is an MBA worth it + career & networking: Weighing up MBA vs other paths? We give an honest assessment of whether an MBA is worth it in 2026. Plus practical guides on how to change careers and 7 networking tips that work even if you hate networking.

Read, and remember to comment!
Zee Tan, 300Hours

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Do you know this? An analyst decides to construct an equity portfolio by putting on a blindfold and throwing darts at a wall covered in financial newspaper clippings. According to the Efficient Market Hypothesis (EMH), under which form of market efficiency would this strategy theoretically perform just as well as one run by an active fund manager? 


Answer at the end of this email!

CFA Level 1 Equity Investments: Our Cheat Sheet

CFA Level 1 Equity Investments: Our Cheat Sheet

Sophie Macon • CFA

If you’re following our recommended Level 1 topic study order: after going through Quant, FSA and Fixed Income, CFA Level 1 Equity Investments would be a lovely topic in comparison.

Equity cheat sheet ➔

CFA Level 1 Portfolio Management: Our Cheat Sheet

CFA Level 1 Portfolio Management: Our Cheat Sheet

Sophie Macon • CFA

Need a quick reference guide for CFA Level 1 Portfolio Management? We provide a concise cheat sheet, summarizing key concepts and formulas, to help you review effectively. This is a great resource for quick study sessions.

Portfolio Mgmt review ➔

Your Best Chance to Pass the CFA Exam Starts with Schweser

AdYour Best Chance to Pass the CFA Exam Starts with Schweser

Kaplan Schweser • Prep Providers

CFA candidates who use Schweser are more likely to pass because our study packages include quality study tools, expert guidance, and PassProtection.

Choose Your Study Package ➔

Build Confidence in Your Answers

AdBuild Confidence in Your Answers

UWorld CFA • Prep Providers

Clear explanations reinforce the reasoning behind correct answers so you can trust your instincts during the exam.

Start for Free ➔

CFA Level 1 Corporate Issuers: Our Cheat Sheet

CFA Level 1 Corporate Issuers: Our Cheat Sheet

Sophie Macon • CFA

Time for a rapid-fire review of Corporate Issuers for CFA Level 1? This cheat sheet distills the essential information, helping you focus on the most important points. This is a great tool for efficient studying.

Corp Issuers Cheat Sheet ➔

How To Read Faster: 5 Useful Techniques You Must Try

How To Read Faster: 5 Useful Techniques You Must Try

Zee Tan • Study Motivation

Reading faster is key to studying faster, so it makes sense to learn to read speedily. In this guide, we go through the basic tips on how to read faster, but at the same time maintain your comprehension, understanding and learning.

Read faster today ➔

CFA "First 14 Days" Optimal Study Plan

AdCFA "First 14 Days" Optimal Study Plan

Let Me Explain • Prep Providers

One of the most popular YT CFA channels shows you the plan for the first 14 days' optimal study plan for your CFA exam, including why following the order suggested by the curriculum is a mistake.

Watch on YouTube ➔

Advance your career with a FMVA certification

AdAdvance your career with a FMVA certification

Corporate Finance Institute • Other Qualifications

100 hours of professional Wall Street training material. 24 courses and certificates included. 20+ financial models & templates.

Special rate for 300Hours readers ➔

The CFA Syllabus, Explained With Two Cows

The CFA Syllabus, Explained With Two Cows

Zee Tan • Study Break

The CFA syllabus can be overwhelming. So let's simplify it. How can an example of two cows explain all the key topics in the CFA curriculum, in a way that makes simple sense?

ELICOW ➔

Is An MBA Worth It? Find Out With Our Free Tool

Is An MBA Worth It? Find Out With Our Free Tool

Zee Tan • Career Advice

Is an MBA still worth the hefty price tag and time commitment? We break down the costs versus potential career boosts and salary premiums. Our guide helps you assess if an MBA is the right investment for your career progression and goals.

Is an MBA for you ➔

6 Clear Steps On How To Change Careers Successfully

6 Clear Steps On How To Change Careers Successfully

Sophie Macon • Career Advice

Thinking about a career pivot, especially into finance? It's a big step that requires a clear plan. Our 6-step guide walks you through researching new roles, identifying skill gaps, and crafting a resume that highlights your transferable strengths.

Plan a successful career change ➔

How To Network: 7 Easy Networking Tips To Boost Your Career

How To Network: 7 Easy Networking Tips To Boost Your Career

Zee Tan • Career Advice

Networking is a solid career hack. It's pretty easy once you learn it, and not many people do it right, or even try. Here are 7 tips to get you started.

Be a network ninja ➔

More guides, tips and stories ➔

Answer to Quick Question: Under Strong-Form EMH, all information—both public and private—is fully reflected in stock prices. This implies that no individual can consistently achieve excess risk-adjusted returns, meaning active management offers no real advantage over random stock selection.

If the market is indeed strong-form efficient, the blindfolded dart thrower and the active manager will yield roughly the same results over time. The dart thrower's management fees, however, will be rather lower.

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