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he's an investor, not a trader, and has outsized influence on the outcomes of his investments.
by clairity 6y ago
he's an investor, not a trader, and has outsized influence on the outcomes of his investments.
- nostromo 6y agoA distinction without a difference. He is an active trader that moves in and out of businesses all the time. In fact, he just dumped all of his airline stock recently due to Covid-19. It doesn't matter if you trade based on research or not, you're still a trader.
- clairity 6y agoau contraire, it's precisely the most carnal difference, that of intent and of effect. investors want investments--the companies--to succeed, and thereby externalizes a net positive societal effect; traders want their bets to succeed, others be damned.
- nostromo 6y agoThat's super cute, but it's your distinction and not the definition used by the world. If you buy and sell stock, you're a stock trader. And Buffet is a stock trader.