In this episode, we dive into the extraordinary story of Rick Caruso, who built a $5.8 billion real estate empire with less than a dozen shopping centers in Los Angeles.Starting as an attorney with no real estate experience, Caruso transformed the retail landscape by taking a completely different approach to development. Learn how he went from buying parking lots to creating some of America's most successful shopping destinations like The Grove.What You'll Learn:How Caruso turned regulatory obstacles into massive opportunities when other developers couldn't buildWhy listening to community concerns became his secret competitive advantageThe innovative design principles that helped his malls achieve double the industry's average conversion ratesHow preserving the historic Farmers Market became central to The Grove's success.If you like the episode please leave a review and follow me on X! https://x.com/rainmakerspodSources:https://docs.google.com/document/d/1qnR3C9msx34R8ACdor9efwVXqHxd-1tHAnVauk6JeFM/edit?usp=sharing
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#13 Herb Allen Jr: Hollywood's Banker
Learn how Herb Allen Jr built his fortune and created Allen & Co to be Hollywood's premier merchant bank.
Sources
Books:
"The Snowball: Warren Buffett and the Business of Life" by Alice Schroeder
"Hollywood Vault: Film Libraries before Home Video" by Eric Hoyt
"Engulfed: The Death of Paramount Pictures and the Birth of Corporate Hollywood" by Bernard F. Dick
"Steven Spielberg: A Biography" by Joseph McBride
Articles:
"Inside The Private World of Allen & Co." by Carol J. Loomis
"All Those Allens Back a Broadway Hit" by Robert J. Col
"Has Allen got a deal for you!" by Cary Reich
"Herbert Allen and his merry dealsters" by Dyan Machan
"Herbert A. Allen Institutional Investor Profile 1987"
"When Herb Allen Talks, Star Makers Listen" by Alan Citron
"Allen Puts No Stock in Wall Street Sages" by Charles Paikert
"Allen & Co. Connects Hollywood with Wall Street" by Randall Smith
"Inside The Annual Summer Camp For Billionaires in Sun Valley, Idaho" by Jim Dobson
"Show About Mother-In-Law Making Stark a Millionaire" by Hal Boyle
"Funny Girl Premieres As Movie" by Vincent Canby
"Who is Running The Columbia Pictures Show?" by Jack Egan
"Media-Mogul Madness" by Richard Turner
"Happy Ending" by Dan Dorfman
"Columbia Puts Puttnam in His Place" by Peg Tyre and Jeannette Walls
"In Hollywood she walks the other way" by John Hallowell
"How Are Things in Panicsville?" by Budd Schulberg
"Behind the Silence at Columbia Pictures- No Moguls, No Minions, Just Profits" by Chris Welles
"Stars Fell on Mismaloya" by Richard Oulahan
"My Battles with Barbra and Jon" by Frank Pierson
"Hollywood's Wall Street Connection" by Lucian K. Truscott IV
"Financial Gossip" by Jesse Bogue
"Sun Valley Daze" by Nikki Finks
"A Look at Future of Show Biz" by Charles Schreger
"Ray Stark—Hollywood's Deft Deal-Maker" by Philip K. Scheuer
"Investigating the Gulf of Streisand Incident" by Joyce Haber
"Paul Gallico's Best Seller Headed for Stage and Screen" by Louella Parsons
"Movie Discs Get a Big New Boost" by Dick Williams
"The Man Who Scored in Coca-Columbia" by Shawn Tully
"Entertainment: New Gold in the Hollywood Hills" - Time Magazine (1966)
"Show Business: Boston to Hollywood" - Time Magazine (1956)
"Orchestrating Columbia's Forward March" by Joyce Haber
"Tinsel returns to Columbia Studio" - Los Angeles AP (1975)
"Alan J. Hirschfield Story of a Movie Mogul" by Shirley Dodson Cobb
"Kerkorian to Seek 20% of Columbia" by Robert J. Cole
"Coke Expected to Acquire Columbia Pictures" by Thomas C. Hayes
"Schmoozing All the way to the Bank" by Leah Nathans Spiro
"State of the Arb" by Jason Zweig
"King of the Sports Deal" by David Whitford
"A Major Studio Player" by Michael Cieply
"Meeting of Moguls, if Not of Minds" by David D. Kirkpatrick
"Cashing In on Old Friends in High Places" by Barry Rehfeld
"Media Executives Lose their Edge" by Mark Landler
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#12 Charlie Allen: Merchant Banking 101
Show Notes:
The Allen & Co story hasn't been fully told yet - until now. To understand this secretive merchant bank, we need to start with its founder Charlie Allen. In this episode, we'll explore how Charlie Allen built Allen & Co and uncover the key moves that made the merchant bank so successful in the mid-1900s, setting the stage for his nephew Herb Jr to take the reins and transform it into what it is today.
If you liked the episode please subscribe and leave a review!
Sources:
The Art of Success by The editors of Fortune Magazine
Get Smarter: Life and Business Lessons by Seymour Schulich
The Financiers: The World of Great Wall Street Investment Banking Houses by Michael C. Jensen
The Merchant Bankers by Joseph Wechsberg
Money, Money, Money: Wall Street in words and pictures by Ralph G. Martin
Transforming the Irvine Ranch by Michael Stockstill
"A. Alfred Taubman papers, 1942-2015" University of Michigan Library
"Border Raid" by Time Magazine 1950
"Colorado Contortion" by Forbes Magazine 1953
"Company with a Split Personality" by Forbes Magazine 1973
"GOP Stronghold" by LA Times 1973
"Inside the Private World of Allen & Co. Putting a premium on personal ties, this family firm thrives in the land of the giants" by Carol J Loomis
"Opportunity, Inc" by Time Magazine 1948
"Plain Abe of Northtown" Is Transforming District" by The Kansas City Star 1948
"Pride of Pueblo" by Time Magazine 1948
"Charlie's Profit Instinct" by Time Magazine 1963
"Sidelights; Situation Found: Harold Allen" by NY Times 1965
"So I lost, So What?" by Forbes Magazine 1969
"Titanic Windfall" by Forbes Magazine 1958
"Too Soon, Charlie Allen?" by Forbes Magazine 1975
"Trucker Loses Action to Force Sale of Land" by LA Times 1962
"Tustin Continues Growth" by The Tustin News 1966
"Wall Street's Charlie Allen and His Family of Financiers" by NY Times 1976
"Winning of the Irvine Co." by LA Times 1977
Links:
John Scully Arbuckle Speech: https://www.gsb.stanford.edu/experience/news-history/ernest-c-arbuckle-award-acceptance-speech-john-h-scully-mba-68
Paul Enright Analyst Presentation: https://becomeaninvestor.org/career-advice
Donald Bren Episode: https://podcasts.apple.com/us/podcast/6-donald-bren-blueprint-billionaire/id1726030978?i=1000647523005
Follow me on Twitter: https://x.com/rainmakerspod
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#11 Ken Hersh: Capitalizing on Chaos
Welcome to the Rainmakers Podcast, where financial legends come to life.
Today, we're joined by Ken Hersh, co-founder of Natural Gas Partners, to uncover the firm's extraordinary success.
Ken will share how NGP's innovative strategies transformed the oil and gas industry from a neglected sector into a private equity goldmine.
We'll explore the vision, timing, and innovation that led to larger funds, impressive returns, and a revolution in energy investment.
Join us for an insider's perspective on how NGP became a true game-changer in the world of finance.
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!
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#10 Natural Gas Partners: The Rainwater Thesis
Show Notes:
Welcome to the Rainmakers Podcast, where we unravel the strategies of investing legends.
Today, we're diving into the birth of Natural Gas Partners, a pivotal moment in Richard Rainwater's illustrious career.
We'll explore how the shifting landscape of the oil and gas industry set the stage for Rainwater's bold move, dissecting his unique approach to deal-making.
Join us as we connect the dots between market events, meticulous research, and the formation of a private equity powerhouse.
This is part one of a two-part series that promises to decode the brilliance behind one of the most successful ventures in financial history.
Get ready to discover how a visionary investor turned industry upheaval into extraordinary wealth!
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!
Brasil