The Dodgers Mogul and the Indian Logistics Giant That Wasn’t

Mark Walter has a reputation as one of Wall Street’s savviest operators. The son of a factory worker from Cedar Rapids, Iowa, he parlayed a meeting with a descendant of the Guggenheim mining and art-gallery dynasty into Guggenheim Partners LLC, a financial services giant with $320 billion under management. Much of the firm’s success—and Walter’s estimated $6 billion wealth—derives from buying sleepy regional insurance companies, putting the premiums into higher-risk, higher-return investments and keeping a big chunk of the profits. More recently he’s turned his attention to sports, acquiring major stakes in the Los Angeles Dodgers, the Los Angeles ...