The funny piece is that I’ve heard it argued both ways, now I think about it.
As it has been explained to me, the danger with making money (too much, too little) is that it takes away room for speculation and gives investors hard numbers to consider when evaluating the business. It may be much more effective to snow people with a grand, visionary pitch that captures the imagination instead pitching the accounting.
Who fucking knows, though—like I said, all these people have seemed to be making it up as they went along. It’s all greegrees, tea leaves, and hoping no one notices you’re full of shit until you figure something out.