Recent content by Ross

Are you saying that you're seeing stock returns that aren't normally distributed? That's the correct result. Tails of stock returns are usually fatter than a normal distribution.

Read Stefanica "A Primer for the Mathematics of Financial Engineering" and Savitch "Problem Solving with C++."

Full text of the bill is below. As I read this, since in NY the top state income tax is 8% and the city income tax is 4%, if you get a dollar of TARP bonus you now have to give the government a dollar and two cents. Isn't that what this says? Full Text Of The 90% Bonus Tax Bill

You mean the constitutional clause prohibiting ex post facto laws?

There's definitely a conflict of interest, or at least an appearance of a conflict of interest, when the Treasury secretary is faced with deciding whether to save his old firm from a $12 billion loss. But what's the solution? The people who will know the most about how the financial system...

Each fund of funds would only have gotten 4.4% of what it had allocated to Madoff. So the total going to funds of funds would still only be 4.4% of the portfolio.

Assume Fairfield used the standard 2 and 20 management fee and carry. Since Madoff was claiming to have 12% annual returns, that means Fairfield charged 4.4% a year. If the real earnings on Madoff's portfolio were zero, then it would still take 25 years for all the principal to get sucked up...

From my limited Internet research, Madoff's homes and yachts consisted of the following: 1. A Manhattan apartment bought for $3.325 million 2. A Palm Beach home valued at $23 million 3. A home in Montauk valued at $3.3 million 4. A yacht bought for $462,000 Altogether this comes to $30.1...

If this was just a Ponzi scheme: Total principal loss = losses for some investors - gains to others = 0 There's no way he spent it. Maybe he just didn't have any of the supposed collars on his positions and the bottom fell out of his portfolio this year just like everybody else's.

There was an article in the journal the other day regarding the ability of a court appointed receiver to pull back the money from person B under the doctrine of fraudulent conveyance. My point is that as a whole the investors didn't lose $50 billion.

I don't get it. How were there $50 billion in losses? A ponzi scheme just involves taking money from person A and giving it to person B. So how was real money lost? It sounds like these investors just lost the fictitious, extraordinarily high returns they thought they'd been making.

If you mean the instruction to "go to Configure Properties->Linker->Input. Add to additional dependencies "WSOCK32.lib"," then, yep, already did that.

Sorry, what do you mean by "list of libraries to link against"? Apologies, but I'm a novice.

1. Yes, I did download and install TWS. 2. I did not see any C++ related SDK to be installed. 3. Yes, I have gone through the C++ tutorials at StockBotProgramming.com, and I was able to use the source code there to connect to TWS and to receive pricing data. 4. However, if I (a) add...

I do a search for the file but cannot find a C++ file by that name (although there are a couple VisualBasic files with the same name). Have you gotten the sample to run in C++? Also, when I try to follow instructions 1-4 in "Linking to TWS using the TwsSocketClient.dll" in the API reference...