Richard Rainwater: the world’s greatest investors
Richard Rainwater's strategy was to spot major technological or economic changes and profit from them, says Matthew Partridge.
Richard Rainwater was born on June 1944 in Fort Worth, Texas. He did his undergraduate degree at the University of Texas in Austin, before gaining an MBA from Stanford in 1968. He then briefly worked as an investment banker before Sid Bass, a former classmate, asked him to help manage money that the Bass family had inherited from an oil-tycoon uncle. In 1986, Rainwater struck out on his own, managing his own fortune until 2009 when he was diagnosed with an illness that would eventually lead to his death last September.
What was his strategy?
Did this work?
What was his best investment?
What lesson does he have for investors?
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