Rame
@rainmakerspod
Followers
3K
Following
11K
Media
72
Statuses
489
Learn from the world’s best investors how they made their returns.
Los Angeles
Joined March 2015
RT @Speedwell_LLC: Bernard Arnault was asked whether Apple is a luxury product. He said he knew Steve Jobs and he asked for advice when o….
0
5
0
RT @RockwoodNotes: Many know the story of Jay, Buffett, Graham & the Rockwood cocoa arb. Less seem to know what happened to after. I name….
0
13
0
RT @cameronpriest: "How did Jay Pritzker make his money and invest? The only time he gives, in detail, what he actually looks for in deals….
0
1
0
RT @ReustleMatt: I'd guess Pritzker is the investor blueprint most would romanticize being:.- Insane returns .- Generalist, mainly opportun….
0
6
0
RT @rainmakerspod: Rainmakers is back with another episode. This time on the legendary investor Jay Pritzker. In his father's first ever….
0
21
0
RT @GritGrowthCap: Okay, I've wanted to do this for a long time. Are you familiar with the Pritzkers?. They're Chicago royalty, with a saga….
0
99
0
Rainmakers is back with another episode. This time on the legendary investor Jay Pritzker. In his father's first ever TV appearance he tells a panel of fellow businessmen why he disdains the media for the ways they portray his family. 41 years later, I give it my own shot.
9
21
128
RT @cameronpriest: Might be my fav read of the year - Leonardo Del Vecchio, Luxoticca founder. "I want to be the best at everything I do.….
0
5
0
RT @RockwoodNotes: In my ongoing research into the Pritzker family and their history, I’m always looking for more documents, stories, conta….
0
3
0
When we look at the best investors we tend to think they had a thesis that was rigidly followed which ultimately led to their successful outcome. But after studying some of these outliers, the common pattern I actually see are investors who get the initial thesis wrong but
0
1
14
RT @sidecarcap: Investing is an arrogant act. Buying a stock implies its price - set by thousands of well informed and highly incentivized….
0
49
0
Richard Rainwater’s first big win for the Bass family started with a snubbed VC, David Dunn. A Forbes piece on Dunn’s struggles caught the eye of Prime Computer’s founders. Dunn became their first investor. Rainwater’s $8M became $200M.
0
6
27
RT @kevg1412: This past weekend, Frederick Smith passed away. Frederick was the Founder, Chairman, and CEO of FedEx Corporation, as well as….
0
5
0
If you have any interest in the Pritzker family please give this article a read. @RockwoodNotes spent the last 4 months piecing together the origins of the Pritzkers starting with the patriarch who moved from Kiev to Chicago, Nicholas Pritzker.
First article is out. Free for all to read. I cover the life of Nicholas Pritzker, which I consider central to understanding the Pritzker story. He immigrated, gritted his way to be the family’s first attorney, and established an ethos that defined the family for generations.
0
0
12
RT @RockwoodNotes: First article is out. Free for all to read. I cover the life of Nicholas Pritzker, which I consider central to understa….
0
17
0
The Forum flopped. The Kings were a mess. The Staples Center deal diluted his Lakers stake and made him a tenant. But in the end, his family still held majority control of a team now worth $10B. Not bad.
0
0
11
So Buss:.– Gave up 30% of the Lakers.– Became a tenant in a new arena he didn’t own.– Watched the Forum lose value and sold it for ~$25–30M. By 1999, he held just around 70% of the Lakers.
1
0
4
But here’s how the deal unfolded:. – The Kings sold for $70M to a coin dealer.– That dealer bankrupted the team by 1995.– As part of the sale, the dealer got an option to buy 30% of the Lakers.– After bankruptcy, the new owners exercised it after building the Staples Center.
1
0
6