Larry Oxley was scheduled to appear this afternoon on Bloomberg Television to discuss his recent book, Extreme Weather and Financial Markets. As late as Friday, when The Observer spoke to the author, it seemed like perfect timing. The eyes of the nation were turned to Hurricane Sandy, and Mr. Oxley was slated to tell investors how to profit.
But events have consequences, as Mr. Oxley would be the first to aver, and as the storm developed, one consequence was that local governments closed roads and public transportation. When The Observer spoke to him this morning, he was stuck at home in Monmouth County, N.J., emailing television producers about whether to phone in today’s interview, or just reschedule.
“It’s almost hilarious,” Mr. Oxley told us today. “But the beauty of extreme weather investing is that you don’t necessarily have to be in ahead of the event. You can play the opportunity as it unfolds.” Read More