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

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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:

• Fade Out: The Calamitous Final Days of MGM by Peter Bart
• Winner Takes All by Christina Binkley
• Indecent Exposure: A True Story of Hollywood and Wall Street by David McClintick
• Keynote Speech to The Society of Automotive Analysts - Jerome B. York 1996
• Don’t Ever tell Babe Ruth how to hold his bat by D.M.
• Kerkorian: Casinos Trump Cars by Businessweek 2006
• Kerkorian Shuffles the MGM Deck by Businessweek 2007
• Kerkorian Faces Debt Woes by Businessweek 2009
• Kerkorian in the Emerald City by Ralph King Jr
• The Strip and The Street by Bernard Condon
• Beverly Hills Meets Motown by Time Magazine 1990
• Kerkorian, Columbia In Peace Pact by Robert J. Cole
• Kerkorian to Seek 20% of Columbia by Robert J. Cole
• New UA Will Start As 'Shell Company' by Thomas C. Hayes
• Third Time Is Still a Charm for Financier Kerkorian by James Bates
• The MGM Grand Hotel, which opened in December 1973, by Chris Chrystal
• Timeline: Kirk Kerkorian’s long career of bold investments by LA Times 2015
• Kerkorian and MGM, Off Again by Frank Ahrens
• Ted Turner: Back from the Brink by Stratford P. Sherman

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