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Definition

<p style="text-align: justify;">This refers to large, very well-informed <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">investors</span> who generally buy at or close to the <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">bottom</span> of a <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">trend</span> and sell at or close to the <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">top</span>. Smart investors, sometimes also called <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">professional investors</span> should not be confused with <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">institutional</span> <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">fund managers</span> who manage the funds brought in by <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">pension funds</span>, <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">unit trusts</span> and <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">insurance companies</span>. A smart investor is a <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">private investor</span> who does not manage money on behalf of other people. He makes his living by choosing the right <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">shares</span> and timing his transactions for the best profit.</p>