just found this recent interview with jimmy rogers.
http://www.realworldtrading.com/index.cfm?section=interviews&id=22
enjoy !

http://www.realworldtrading.com/index.cfm?section=interviews&id=22
enjoy !
Quote from Visaria:
Yep, thought about it....selling options naked, shorting gold futures etc is NOT investing, it is trading.
This distinction was pointed out to Jim by Jack Schwager at the beginning of the interview in Market Wizards.
If someone feels uncomfortable with being called a 'trader' when he would prefer to be called an 'investor', then that's their problem (snobbery?). I prefer to look at the substance not the form. Actually, the distinction is not really of much interest to me, the "investor" can call himself "Lord High Commander of the Sea" if he wants to. I couldn't care less.
Qu. How many legs does a dog have if you call his tail a leg?
Ans: 4. Just because you call his tail a leg, doesn't mean it's a leg.