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🌊Yuri🌊 · 2023年09月01日

提问

NO.PZ2018062009000010

问题如下:

Aaron works for company A. The company used complex quantitative analysis and evaluated that the stock price of company B would increase from $15 per share to $20 per share. He stated to clients that, “Based on the fact, the stock price of company B will increase to $20 per share, I recommend a strong buy”. From this information, we can know that:

选项:

A.

He did not violate the standard.

B.

He violated the Standards because he failed to distinguish between opinions and facts in his recommendation.

C.

He violated the Standards because he did not use reasonable judgment.

解释:

B is correct.

According to Standard V(B) Communication with Clients and Prospective Clients, it requires that members and candidates must distinguish between facts and opinions. Aaron used the conclusion of the quantitative analysis as facts and told the clients which violated this Standard.

根据CFA准则V(B)的要求,CFA会员必须清楚的区分事实与观点。Aaron将量化分析得出的结论称作事实来告诉客户,这就违反了CFA准则的要求。

啥意思啊,区分事实和观点这些题我都做错了。

那怎么区分呢?这里说了用了复杂的量化分析出来的,那还不是事实吗?

1 个答案

王暄_品职助教 · 2023年09月01日

因为他用的是模型预测将来的股价,预测这件事确实是事实没错,但将来的股价仅仅是预测的(不一定真的会发生,这个不是事实),所以他不能说:Based on the fact, the stock price of company B will increase to $20 per share,因为客户根本不知道这是用模型预测出来的,他要说清楚,我们用模型预测了,股价可能会涨到20每股

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NO.PZ2018062009000010 如题,谢谢

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