jQuery Text Loop

loop.js

$(function() {
    var headline = $("#headline");  
    var copy = ['Entrepreneurs', 'Innovators', 'Industrialists', 'Disruptors'];
    var position = -1;
    
    !function loop() {
        position = (position + 1) % copy.length;
        headline.html(copy[position])
        .fadeIn(1000)
        .delay(3000)
        .fadeOut(1000, loop);
    }();
});