AFR Story - on CFO, page-114

You just made a very common mistake my esteemed friend, but thats okay, alot of investors new to the market make the same mistake.

I was in the market (long) before you were born. Buying loss-making, (almost) zero-asset, speccies like APT is usually a sign of inexperience.

Revenue growth is more important for a growing company than profit.

Every competent accountant on the planet would probably disagree.

What would you rather, 10% profitability on $10,000,000 or an eventual say 1% on $10,000,000,000?

I'll take the 10% profit anytime. The first rule of investing is not to lose money.

You can get 1% risk-free by buying bonds so why would anyone consider consider tying up $10 billion in a speccie with potentially unlimited downside.