The Difference Between Trading and Investing

In today’s video Patrick discusses the famous Warren Buffett quote “calling someone who trades actively in the market an investor “is like calling someone who repeatedly engages in one-night stands a romantic.” from his 1991 letter to investors. Topics covered are: what is the difference between trading and investing? Is one better than the other, and does it make sense to discourage short term trading? Patrick’s Books: Statistics For The Trading Floor: Derivatives For The Trading Floor: Corporate Finance: Patreon Page: