Spelling out the difference between investing and trading

Investors are often thrown glib phrases like "Let winners run!" or "Kill dogs early!" or "Markets can remain irrational longer than you can remain solvent!" There are too many to list and whenever I hear one of these phrases I try to mentally file them into one of two investment categories: Investing or Trading. But what is the difference between trading and investing, or between a trader and an investor? There is, of course, no exact definition but here are some thoughts that might help clarify:

Value

via Business feed http://www.scmp.com/business/money/markets-investing/article/1198806/spelling-out-difference-between-investing-and