Annals of Hurricane Deprivation: Wall Street Edition

31 October 2012

Hats-off to Bloomberg’s Max Abelson for this delicious, bone-dry report on how Wall Street’s finest have coped with the impact of Hurricane Sandy.

Wall Street turned to Bordeaux, sushi and faxes as Hurricane Sandy wreaked the most havoc in the history of the city’s transit system and closed stock markets on consecutive days for the first time for weather since 1888.

“I had to go to the wine cellar and find a good bottle of wine and drink it before it goes bad,” Murry Stegelmann, 50, a founder of investment-management firm Kilimanjaro Advisors LLC, wrote in an e-mail after he lost power at 6 p.m. on Oct. 29 in Darien, Connecticut.

The bottle he chose, a 2005 Chateau Margaux, was given 98 points by wine critic Robert Parker and is on sale at the Westchester Wine Warehouse for $999.99.

“Outstanding,” Stegelmann said. He started the day with green tea at Starbucks, talking with neighbors about the New York Yankees’ future and moving boats to the parking lot of Darien’s Middlesex Middle School.


Sean Gambino, who trades consumer stocks for Schottenfeld Group LLC, said his South Street Seaport neighborhood was “ruined” by a storm surge . He wrote instant messages because his phone wasn’t working.

“I now know what people feel like when you see them on TV and see their whole worlds just wiped away,” Gambino wrote. “Cars were just all over.”

His apartment’s lobby and basement were flooded.

“Think Katrina, but now it’s us,” he said.

The impact was less severe in Greenwich, Connecticut, where a 41-year-old hedge-fund manager played a family game of Monopoly on and off from lunchtime to 9:30 p.m. the day of the storm, the investor said, declining to give his name because of his fund’s media policy.

His 10-year-old twin sons and six-year-old daughter don’t enjoy playing with him because he refuses to trade properties and plays to win, he said. He beat them after putting a hotel on Park Place.

Outstanding. Truly, we’re all in it together.

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Show comments
  • Max

    Alex this is Max — this post makes my day. Thanks, man.

    • Baron

      Alex, you on what then, a can of larger, a packet of crisps, reading Marx?

  • tember2

    Why are those in finance the ones most prone to oblivious self-parody? And I’m glad the hedge-fund manager plays to win with his kids. Such valuable life lessons are needed if his extraordinary talent is to be passed on to the next generation. LOL

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