investing in disaster

Home a week and all the blog sees is a few lousy haikus? Weak sauce. Later I may get around to posting some information about how my time has been spent thus far.

Until then, people interested in that sort of thing should read Michael Lewis' (Moneyball piece in the New York Times Magazine about the development of a catastrophe bond market. Fascinating stuff to a disaster junkie. It also opens with a hell of lede:

It was Aug. 24, 2005, and New Orleans was still charming.