1986. In 1986, Rainwater joined forces with investor Sid Bass to form the investment firm Bass Brothers Enterprises. Together, they made a number of successful investments, including a stake in the Walt Disney Company. Rainwater's investment success earned him a reputation as a savvy and successful investor, and he was often sought after for his expertise and advice. He was known for his ability to identify undervalued assets and create value through careful investment and strategic planning. One of Rainwater's most successful investments was in the oil and gas industry. In the 1980s, he acquired a stake in the Bass family's oil and gas company, which he later sold for a significant profit. He also invested in a number of other energy companies, including Pennzoil and Diamond Offshore Drilling, and generated significant returns for his investors. In addition to his investments in the oil and gas industry, Rainwater was also involved in real estate. He was instrumental in the development of the Las Colinas neighborhood in Irving, Texas, and helped to transform the area into a thriving business district. He was also involved in the development of other real estate projects, including the Harbor Pointe office complex in Dallas and the Lincoln Plaza. Investments Notable investments by Rainwater included: 1969 - General American Oil Company 1984 - On behalf of the Bass family, Rainwater made $400 million when Texaco bought back shares to avoid a hostile takeover. 1984 - On behalf of the Bass family, Rainwater invested $478 million in Walt Disney Company and hired Michael Eisner to turn the company around 1986 - Ensco (now Valaris plc) 1988 - HCA Healthcare 1989 - Along with Rusty Rose and George W. Bush, bought the Texas Rangers. Bush turned his initial $606,000 investment into more than $15 million. 1989 - Acquired 20% of the Staubach Company for $1 million 1992 - Mid Ocean Limited, a provider of casualty re-insurance 1994 - Crescent Real Estate, 15 million square feet of office space in Houston 1996 - Acquired control of Mesa Petroleum. In 1997, after Rainwater's wife fired T. Boone Pickens, the company merged with Parker & Parsley to form Pioneer Natural Resources Late 1990s - When oil was trading at $12/barrel, Rainwater invested $100 million in energy stocks and $200 million in oil futures. He saw the peak oil phenomenon as an investment opportunity after reading Beyond the Limits, a 1992 book