Status Updates From The Theory of Interest
The Theory of Interest by
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Thomas Ottinger
is on page 61 of 566
Absolutely peak nonfiction. After three progressively more exciting and complex Tables of Contents, Fisher drops a bomb: "Income is a series of events. According to the modern theory of relativity the elementary reality is not matter, electricity, space, time, life or mind, but events." Then he fills the full rest of the page with two footnotes, mostly just telling you to read other books one you are done here.
— Sep 25, 2026 04:58PM
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Yao Dong
is 47% done
It is definitely hilarious, also inspiring, to read how the author develops mathematical models for year-to-year interest rate and makes statement that the interest between two years in the future has no practical use. It was not practical a few decades ago, but something the financial market now does every day (interest future contracts). How fast the market has evolved!!
— Jan 19, 2016 12:15AM
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