I appreciate you being forthright in seeking factual understanding. However, I have clearly indicated how I contrast the two terms in practice. Outfits like Bain Capital that buy a controlling interest in a stock corporation and then proceed to sell off it's assets to profit are profiteers, and those like Berkshire Hathaway that acquire stocks to build the companies and profit by the gain in price of the stock are investors.
The business model of profiteers, extracting the working capital of a business, is contrary to capital gains.
Regardless of ethical considerations, doing so is destructive of the underlying investment vehicle. It reduces the prices of stocks, and in our case, the price of Steem, by destroying the ability of the company to produce. The history of Steem reveals that destruction, and I but point out that the reason for that destruction is demonstrable and has long been understood in financial circles.
Stake weighting extracting rewards prevents content from delivering value to creators and Steem. It's the equivalent of selling the presses, forges, and real property of a business. It's not building the business, but taking that value as profit using stake weighting, just as KK&R does. Stake can be used to build, which I call investment, and has been driven by capital gains to create the blessings of civilization we enjoy today, or to simply part out such as the hard work of others has built up, as we observe has been done to Steem.
Profiteering destroys, investment builds.
RE: Untangling the Gordian Knot that is Steem Ethics