Rainmakers

Welcome to the Rainmakers Podcast! Today, we're wrapping up our two-part series on Natural Gas Partners, a powerhouse in private equity. We'll look at what made NGP so successful - their fresh approach to investing, how they spread the word about their methods, and how they were perfectly positioned when innovation hit the natural gas industry. This led to bigger funds, better returns, and turned a neglected domestic oil and gas industry into what we now see today with oil and gas private equity.

Follow me: https://twitter.com/rainmakerspod

Sources:

The Fastest Tortoise by Ken Hersh

“The Smart Money Speaks” by Stephen Taub

“Rainwater’s World” by David Carey

“Investing secrets of the Rainwater Rolodex” by Hilary Rosenberg

"The man behind the Bass Dynasty" by Anthony Bianco

"The Rainwater Prophecy" by Oliver Ryan

If you enjoyed the episode please share and leave a review!

Show Notes:

Welcome to the Rainmakers Podcast! Today, we're kicking off a two-part series on Natural Gas Partners, a powerhouse in the private equity world. In this first episode, we'll dive into a fascinating case study of Richard Rainwater's decision-making process as he ventured out on his own, ultimately leading to the creation of Natural Gas Partners.

We'll start by exploring the evolution of the oil and gas industry, setting the stage for the massive opportunity Rainwater seized. Then, we'll dissect his deal-making approach and how it shaped his early oil and gas investments. Finally, we'll connect the dots, showing how the events of the mid-80s and Rainwater's meticulous research culminated in the formation of Natural Gas Partners.

Get ready for an insider's look at one of the most brilliant minds in investing. Let's jump in!

Follow me: https://twitter.com/rainmakerspod

Sources:

ENSCO: The First 20 Years by Carolyn Barta

Oil Capital by Bernard F. Clark Jr.

Money Masters of Our Time by John Train

The Fastest Tortoise by Ken Hersh

Squawk Box CNBC April 4th, 2012 6:00am-9:00am EDT

Wall Street with Louis Rukeyeser 1997

“The Smart Money Speaks” by Stephen Taub

“Rainwater’s World” by David Carey

“Investing secrets of the Rainwater Rolodex” by Hilary Rosenberg

-“Lord of the Lowball” by Shade Rowe

"Bootstrapped" by Mark Kindley

"Bass brothers lose investment manager" by Stephen Rassenfoss

"The man behind the Bass Dynasty" by Anthony Bianco

"The Rainwater Prophecy" by Oliver Ryan

If you enjoyed the episode please share and leave a review!

Show Notes:

Welcome to the Rainmakers Podcast where I will give case studies on how different investors made their billions. In this episode we are continuing our journey to learn the investment methods of Kirk Kerkorian to see how he got out of his mess after investing in MGM using debt during an economic recession leaving him with MGM stock and a net worth of $70M dollars after having $350M dollars only a year earlier.

Special thanks to @45wallst on twitter for helping with the research of this episode.

Follow him here: https://twitter.com/45WallSt

Follow me: https://twitter.com/rainmakerspod

Sources:

Show Notes:

Welcome to the Rainmakers podcast! This show is going to be an exploration on the world’s best investors from past and present to see how exactly they made their returns. In this episode we will cover the early career of Kirk Kerkorian.

Follow me: https://twitter.com/rainmakerspod

Links:

International Hotel Ad: https://en.wikipedia.org/wiki/Westgate_Las_Vegas#/media/File:International_Hotel_advertisement.jpg

Alix Pasquet Presentation: https://youtu.be/YMmjbHAHdNU?si=kKyvFOBg6jcsRpeL

Sources:

Kerkorian: An American Success Story by Dial Torgerson

The Airline Industry by William M. Leary

The Only Way to Fly: The Story of Western Airlines, America’s Senior Air Carrier by Robert J Serling

Third Try at the Club by David McClintick

How It All Came Apart In the Eurodollar Market by Lewis Beman

Kirk Kerkorian: Friend or Foe? : His Presence in the MGM Deal Receives Mixed Reviews by Michael A. Hiltzik

Entrepreneurs: The High Ride on Free Time by Time Magazine

Kerkorian Doesn’t Want All the Meat off the Bone by Irwin Ross

Welcome to the Rainmakers podcast! This show is going to be an exploration on the world’s best investors from past and present to see how exactly they made their returns. In this episode we will be going over the career of Jack Kent Cooke. Cooke became a billionaire by finding creative ways to operate media businesses. He helped Roy Thomson operate struggling radio stations to then partnering with him to buy different magazines and then became a pioneer in the sports business.

Links:

Mark Leonard Presentation: https://drive.google.com/file/d/1uHEOdyn622mABGv7rd6Y_uQL1ngr94z6/view?pli=1

Springwood Capital Twitter: https://twitter.com/springwoodCap27

Savannah Bananas: https://youtu.be/T5RkB7_qNh8?si=Slip5PnA3q9EzyNa

Paul Enright Invest like the Best: https://podcasts.apple.com/cz/podcast/paul-enright-the-buy-side-primer/id1154105909?i=1000517881913

Follow me: https://twitter.com/rainmakerspod

Sources:

The Last Mogul by Adrian Havill

Jack Kent Cooke: A Career Biography by Adrian Kinnane

Market Place: Teleprompter: Fight Widens by Robert Metz

Jack Cooke: Genial But Tough by Steve E Prokesch

Welcome to the Rainmakers podcast. This show is going to be an exploration on the world’s best investors from past and present to see how exactly they made their returns. In this episode we will go over how Donald Bren became the richest real estate investor in the United States from one single deal. We will be going deep on who Bren was, how he invested in the deal, and what made the deal work so well.

Links:

James Cameron Interview: https://youtu.be/qTVGXcmk0xg?si=qiosQNavbV--HXPP

Founder’s Podcast #311: https://podcasts.apple.com/us/podcast/311-james-cameron/id1141877104?i=1000620838661

Donald Bren ULI Interview: https://youtu.be/XTLz2v88zWs?si=Gl-t_6zH9xckAbf3

Deane Homes Garden Kitchen: https://www.facebook.com/preserveorangecounty/photos/a.1109996192417998/3156041687813428/?type=3

Forbes Riches Real Estate Billionaires in 2023: https://www.forbes.com/sites/giacomotognini/2023/10/04/the-richest-real-estate-billionaires-in-america-2023/?sh=516e6a2a63af

Rancho Mission Viejo Periodical: https://www.cityofrsm.org/DocumentCenter/View/507/Rancho-Mission-Viejo-History-PDF

Sources:

**Transforming the Irvine Ranch: Joan Irvine, William Pereira, Ray Watson, and the Big Plan by Michael Stockstill and H. Pike Oliver**

**The Irvine Ranch: A Time for People: A 50-Year Overview of the Development of the Irvine Ranch in Orange County, California (with a New Epilogue) by Martin A. Bower**

Threshold Resistance by A. Alfred Taubman

James Toepfer Oral History by Mission Viejo Oral History Project

John T. Martin Oral History by Mission Viejo Oral History Project

Tony Moiso Oral History by The Living Stories Collective

*Bren family builder is latest housing casualty* by John Gittelsohn

*Key Figures in the Dispute : DONALD L. BREN : Close-up: Developer appears to be uncomfortable in his role as one of the richest men in the country.* by Michael Flagg

*A Family’s Fortune* by Sam Enriquez

*AMERICA'S RICHEST LAND BARON Donald Bren's stunning property covers 100 square miles of California. He's worth $2 billion now, and his ''build and hold'' strategy promises to keep his wealth climbing.* by Gary Hector **

*BUSINESS PEOPLE; Investor in Irvine Sees Long-Term Opportunity* by Daniel F. Cuff

*Donald Bren’s Legacy* by Scott Kraft

*BREN: Orange County’s Reclusive Billionaire : Is Donald Bren America’s Richest?* by Michael Cieply and Michael Flagg

*Mother of Irvine Co. chairman* by LA Times Archives 2008

*Forster & O’Neill and Their Great Ranch* by Don Tryon

Have any feedback?

DM me @rainmakerspod on Twitter!

Welcome to the Rainmakers podcast! This show is going to be an exploration on the world’s best investors from past and present to see how exactly they made their returns. In this episode we will be talking about Dennis Washington. Washington is a self made billionaire who got his start through working in construction and then leveraging his skills to starting his own company and then building an empire in construction, mining, rail roads, and even fixing up yachts. In today’s episode we will be going over his journey in becoming a self made billionaire and some lessons from some of the deals he made.

I also want to give a special shoutout to Pythia Capital on twitter for helping me research for this weeks episode.

Be sure to follow here: https://twitter.com/PythiaR

Links and Sources:

The Rich History of the Anaconda Copper Mine: https://www.intermountainhistories.org/items/show/278

Anaconda, Montana: https://westernmininghistory.com/towns/montana/anaconda/

Frank Gardner Oral History: https://www.verdigrisproject.org/oral-histories/frank-gardner-mining-executive

Fabled construction company rises again: https://www.goupstate.com/story/news/2004/08/01/fabled-construction-company-rises-again/29731744007/

The Wreck of Morrison Knudsen: https://content.time.com/time/magazine/article/0,9171,133973,00.html

David Tepper $20 Story: https://nymag.com/intelligencer/2010/01/david_tepper_is_so_rich_he_jus.html

Djokovic on Playing Tennis: https://www.ft.com/content/efaeed40-725c-11e5-bdb1-e6e4767162cc

Sources:

- *Anaconda : labor, community, and culture in Montana's smelter city* ****by Laurie Mercier

- *Opportunity, Montana : big copper, bad water, and the burial of an American landscape* ****by Brad Tyer

- "Denny’s always the low-cost producer" by Richard L. Stern

- "New hope for the dead" by James Cook

- "The king is dead, long live the king!" by Seth Lubove

- "Billionaire Highway Man: Life Lessons Dennis Washington Learned When He Was 25" by Luisa Kroll

- "Quicksand" by Victoria Murphy

- "A tycoon in the old mold" by Stephen S. Johnson

- "Man With Toys" by David Armstrong

- "A Shoe Shiner Turned Construction Billionaire, Dennis Washington Now Seeks to Polish His Legacy" by David Benoit

- "Troubled Washington Group Files for Chapter 11 Bankruptcy" by Michael Brick

- "Marine Towing Operations in Canada" by Joseph Monteiro

- "Kyle Washington: The Prince of Tides" by Alison Bate

- "Dedicated to Development" by Jessica Marquez

Have any feedback?

DM me @rainmakerspod on Twitter!

Welcome to the Rainmakers podcast. This show is going to be an exploration on the world’s best investors from past and present to see how exactly they made their returns. In this episode we will go over two deals that will help us learn the methods of Philip Anschutz.

Links:

Rise and fall of former LA Kings owner Bruce McNall: https://www.youtube.com/watch?v=1Ymc0JVcgFk&ab_channel=SPORTSNET

Stephen Mandel - Investing Behind Change Invest Like the Best: https://www.joincolossus.com/episodes/17309631/mandel-investing-behind-change?tab=transcript

"Big Shots with Giselle Fernandez" Tim Leiweke interview: https://youtu.be/PmD78qRIVYo?si=ajOEQDsWtnYqp-Bb

Disney Flywheel: https://twitter.com/david_perell/status/1318613088074108932/photo/1

Sources:

- Lamar Hunt: A Life in Sports by Michael MacCambridge

- The Mayor : how I turned around Los Angeles after riots, an earthquake and the O.J. Simpson murder trial by Richard Riordan

- The Land of Flickering Lights: Restoring America in an Age of Broken Politics by Michael Bennet

- “The Passion of Philip Anschutz” by Devin Leonard

- “Lakers Valued At $5.5 Billion In Anschutz Sale To Dodgers Owners” by Mike Ozanian

- “Value Of AEG Disclosed To Be At Least $8 Billion” by Mike Ozanian

- “Home Field Advantage” by David Davis

- "The Man Who Owns L.A" by Connie Bruck

- "Anschutz Empire Includes Galaxy" by Grahame L. Jones

- "Shadow of a Doubt" by Stuart Steers

- "Two 'rookies' tackle sports" by Paula Moore

- "AEG: Timeline of L.A. deals" by Scott J. Wilson

- "Anschutz to Buy Concert Firm Goldenvoice" by Jeff Leeds

- "Anschutz Group Acquires Promotion Firm" by Jeff Leeds

- "Coachella Grossed Record-Breaking $114 Million This Year: Exclusive" by Dave Brooks

- "Movie Theaters Of the Absurd" by Forbes Magazine 2001

- "Regal's Future Up in the Air" by South Florida Sun Sentinel 2000

- "Anschutz Sells Half-Billion Dollars in Shares of Regal Entertainment" by Ed Lin

- "Six Who Made It Happen" by David Wharton and Robyn Norwood

- "Regal Cinemas Completes Chapter 11 Recovery Plan" by LA Times Archives 2002

- "Regal files bankruptcy" by CNN Money 2001

- "Philip Anschutz Reaps A Blockbuster Payout" by Andy Serwer

- "Morality Play" by Dorothy Pomerantz

Have any feedback?

DM me @rainmakerspod on Twitter!

Welcome to the Rainmakers Podcast!

This show is going to be an exploration on the world’s best investors from past and present to see how exactly they made their returns.

Sources:

- “The Taming Of The Wildcatter” by Forbes Magazine 1978

- “Take a ride on the Rio Grande” by Carol E. Curtis

- “Remember the name: Anschutz” by Toni Mack

- “Working over the railroad” by William P. Barrett

- “A Game of Chicken” by Phyllis Berman and Roula Khalaf

- “I might be a seller, I might be a buyer” by Phyllis Berman and Roula Khalaf

- “The man who won’t let go” by Dyan Machan

- “Empty Pipes” by Toni Mack

- “No Ordinary Joe” by Carleen Hawn

- “The Money Race” by Forbes Magazine 1998

- “Phil Anschutz” by Andy Van De Voorde

- *Philip Anschutz, 1997 Colorado Business Hall of Fame Laureate*

- Oral History of Colorado Project, Philip Anschutz, 1974

- Anschutz, Philip F., et al. Out Where the West Begins: Profiles, Visions, and Strategies of Early Western Business Leaders. United States, Cloud Camp Press, 2017.

- “**SFSP Agrees to Sell Its Railroad to Rio Grande : $1.8-Billion Deal Must Be Approved by ICC; Other Bidders Protest the Plan” by Nancy Rivera Brooks**

- “Red Adair” by PBOG 2015

Have any feedback?

DM me @rainmakerspod on Twitter!

Welcome to the Rainmakers Podcast!

This show is going to be an exploration on the world’s best investors from past and present to see how exactly they made their returns.

In this 2nd episode we are continuing our journey to learn the investment methods of Richard Rainwater to see how he became a billionaire within 10 years of establishing his investment firm Rainwater Inc.

We will go over how Rainwater built his firm, how he found deals, and a couple case studies on some of his most well known investments.

This is going to be a fun and hopefully insightful episode, I hope you guys enjoy it and if you do please subscribe for future episodes, leave a review and share it with anyone else you think would enjoy it as well.

Links:

The Fort Podcast with Chris Powers: https://youtu.be/NWCaHbRnrtw?si=myVdBk6ch_z5Cqeh

John Phelan Graham and Doddsville Interview: https://business.columbia.edu/sites/default/files-efs/imce-uploads/Graham%20%20Doddsville_Issue%2027.pdf

Sources:

- ENSCO: The First 20 Years by Carolyn Barta

- Money Masters of Our Time by John Train

- The For-Profit Healthcare Revolution: The Growing Impact of Investor-Owned Health Systems in America by Sandy Lutz

- The Fastest Tortoise by Ken Hersh

- Squawk Box CNBC April 4th, 2012 6:00am-9:00am EDT

- Wall Street with Louis Rukeyeser 1997

- “The Smart Money Speaks” by Stephen Taub

- “Rainwater’s World” by David Carey

- “Investing secrets of the Rainwater Rolodex” by Hilary Rosenberg

- “Lord of the Lowball” by Shade Rowe

- “Cashing In on Health Care's Troubles” by Milt Freudenheim

- Thomas F. Frist, Jr., M.D. in First Person: An Oral History. United States, Health Research & Educational Trust, 2013.

- “Hospital company chief to challenge Clinton” by Del Jones

- “A Texas Power Play” by Bill Bancroft

- “Can Richard Rainwater Strike a Gusher By Himself?” by Mark Ivey

- “Change is Good” by Worth Magazine 1987

- “Gunfight” by Cheryl Einhorn

- “The Texas Business Executive of the Year” by Susan DuBois

- “Wednesday, July 9, 1986 : Oil Falls Below $11 a Barrel” by LA Times Archives

- “STANDARD RATES SET FOR HOSPITALS UNDER MEDICARE” by Robert Pear

Have any feedback?

DM me @rainmakerspod on Twitter!