There is nothing wrong with taking a distribution from a company; investors/founders need a payout.

while I agree with much of the content, I do disagree with this statement: "Companies that keep reinvesting keep adding risk to their companies."

I can't agree with this assertion. Companies that keep reinvesting their profits are doing it to finance future growth. Obviously, future growth implies a degree of risk. But you could argue that by reinvesting profits, you are de-risking the future by building capability to satisfy a demand and the proof of demand is the profit generated.