Richard Rainwater

"Richard Rainwater long preached: Partner with great people. If you partner with great people, the documents don’t matter. If you pick the wrong people, no document will protect you. He was right."

"You’re going to ask me about the lesson. Again, I raised my hand. Richard Rainwater was an emerging big damn deal in the deal business. I’d seen the work in his office; it seemed very exciting. What did I have to lose?"

"One of the early transactions that NGP completed in 1989 was participating with the entire Fort Worth office in a distressed debt play to wind up taking control of one of the largest offshore drilling rig owners in the world, the Penrod Drilling Company. This deal was originated by Peter Joost and Richard Rainwater through their relationship with Carl Thorne. Carl ran Energy Service Company, or ENSCO, in which Richard and others in our office were large shareholders."

"“All too often there’s a wolverine in the deal. Wolverines piss on everything they can’t eat. Right or wrong, that’s how I saw Darla Moore (Richard Rainwater’s wife) and Ken Hersh.”*"

"Of course, at the time, I had no idea how life-changing the Stanford experience was going to be. It was there that I found lifelong friends, a wife, and an opening to write a letter to one of Stanford business school’s 1968 graduates—Richard Rainwater."