> …company's profits year after year, after subtracting all amounts reinvested in the business… This does not mean the business will chase profits instead of g

> …company's profits year after year, after subtracting all amounts reinvested in the business… This does not mean the business will chase profits instead of growth. I believe he’s paraphrasing value investing as described by Warren Buffett. I’d guess other investors have said the same thing although Buffett is quite well-known.