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The term trader refers to anyone who makes a living by buying and selling investments with great frequency. Unlike investors, who purchase investments with the intention of holding onto them for an extended period of time with the expectation that they’ll rise in value, traders hold onto investments just long enough for them to rise in value a little bit and then sell them at a profit. Really, any schmuck can try to be a trader; some will succeed and others will fail. The only requirement is that you have some starting capital (in other words, money).

Treasurers are the people in charge of managing financial assets. In other words, they’re responsible for keeping track of cash management, foreign exchange, pension management, and capital structure. Don’t worry; I discuss all these topics in much greater detail throughout the book. Often treasurers are also in charge of risk management, although this responsibility is sometimes given a separate position, depending on the company. (See ssss1 for more on risk management.)