Nice to greet you.

In our days, a distinction is made between trader and investor. The difference seems to be a matter of timing. For example, in the times when the famous French writer Jules Verne lived, only investors were spoken of. A very clear example was when capital was sought to build a railway line, the shareholders were the investors. In those times, it could also be an initiative of the crown, as it was a matter of infrastructure. During the Spanish industrial revolution, which was in the 19th century, somewhat later, there were several broken banks of the crown and a lot of foreign capital. These are also the times of big banking.

It is said that what happened in Spain is that we were traditional and that when someone came to sell coal, they replied that they had always lived with charcoal and it had gone well for them; they were content or did not believe that they could be offered hard currency for pesetas (euros for cents of euro).

With this post, I intend to provide another way of explaining the difference between investor and trader.

Technology allows us to open and close a position instantly, whereas in the past it required: a stockbroker, paper documents, notaries, and lawyers (to open or close a position). What was done before was also a trader, but one contributed capital to a tangible project that needed to buy machinery, furniture, etc.

In ancient times, they could not even imagine that it would be possible to buy or sell shares with a single click, and that is why experts have to rewrite past recommendations to interpret them in the present.