I'm not saying they all work out I'm saying that some are good. In your example of the soup kitchen closed because it couldn't install some fancy-pancy fire extinguisher system, yeah, that's a bad law and a bit of an overkill. Telling someone that they can't legally take other people 700 feet below the water in a sub that isn't certified is a bit of a different story.
He may have barely have been making a profit but the fact of the matter is it would've cost him $100,000 to get papers/certified but he instead spent $200,000 on a new sub. It just seems like the kind of thing that would actually be considered an investment because it could make you more profitable and definitely adds more credibility.