Ann: Appendix 4C - quarterly, page-8

Yes, which is what high growth companies, who believe they can build something really BIG actually do - they re-invest their revenue to build a BIG company, not hoarding it so they deliver a small outcome. If they believe in their ability to build something really BIG, then they should be investing every cent back into that oppportunity. This thesis is exactly why most of us are excited by WZR and its potential.

I just wrote something similar, on the other side of this argument, about HUMM (on their page), who are doing the opposite (and I prefer the WZR approach for a growth stock), and are getting punished for it, as they are missing the opportunity to build something really big that APT and ZIP (and Klarna, and AFFIRM) are going after.

If you want to invest in a safe, profit based, value stock, then there's plenty of those in the ASX200, so go for it. If you want to get an outsized return, this comes with more risk (but more upside) and then WZR is a great pick (in a balanced portfolio, of course.)