If you put the money in your own pocket it is yours. If you use it to reinvest in the company it can be lost. Clearly this is risk. You call it reinvesting, an

If you put the money in your own pocket it is yours. If you use it to reinvest in the company it can be lost. Clearly this is risk. You call it reinvesting, and any form of investing comes with risk. I think you are missing the point here, he is not saying it is never smart just that it adds risk which is clearly true.