Keep pulling the thread on Kyle Grieve.
From August 1922 to August 1946, John Maynard Keynes's investment portfolio generated annual returns of approximately 16% per annum.
John Maynard Keynes's investment portfolio beat the UK index by nearly 6% per annum from August 1922 to August 1946.
John Maynard Keynes achieved his investment returns while navigating the economic turmoil of the end of World War I, the Great Depression, and all of World War II.
John Maynard Keynes went broke twice during his investing career.
John Maynard Keynes managed the King's College investment fund from 1931 until 1945.
The currency speculation syndicate formed by John Maynard Keynes generated a 30% return during its first three months of operation before being completely wiped out a few months later.
During the Great Depression, John Maynard Keynes lost nearly 80% of his capital on speculative commodity futures bets.
Technion canceled its dividend to allocate all profits back into the business for high-return acquisition opportunities.
Costco has a return on invested capital (ROIC) of 22%.
Over the last 12 months, Costco has reinvested approximately $1.2 billion into its business.
Costco has distributed approximately $3.7 billion to shareholders through dividends and buybacks in the last 12 months.
Kyle Grieve predicts that Technion will be able to increase its intrinsic value at a much faster rate than Costco because it can reinvest 100% of its profits.