Wednesday morning articles
How Extreme Bets Fueled an $11.4 Billion Fortune: A look inside BlueCrest reveals Michael Platt’s many acts — including outsize returns and some harrowing losses. (Bloomberg)
Stock, Bond and Crypto Investors Call Fed’s Bluff on Interest Rates: Many are skeptical as central bank says battle against inflation isn’t over. (Wall Street Journal)
Wall Street: We Want Lower Rates. The Fed: Not So Fast: Traders keep bidding up stock and bond prices in hopes that the central bank will declare victory over inflation. (Businessweek)
#EUROBOOM European stock markets have further to rally, argues GS (FT)
Wall Street Is Losing Out to Amateur Buyers in the Housing Slump: Big money spent a fortune snapping up homes. Now, regular folk are outsmarting the pros. (Bloomberg)
The Last Mustard Maker in Dijon: Nicolas Charvy is bringing a culinary art back to its ancestral home. (Atlas Obscura)
When Private Equity Came for the Toddler Gyms: The same playbook that has notched high returns acquiring things like foreclosed homes and highway rest stops is being tested by a family-oriented franchise. (New York Times)
The Private Markets Valuation Debate Isn’t Settled Yet: The Miami conference circuit was abuzz with valuation chatter as investors weigh the pros and cons. (Institutional Investor)
This group is sharpening the GOP attack on ‘woke’ Wall Street: Consumers’ Research, bolstered by millions in undisclosed donations, targets investment firms and their evaluation of climate risks (Washington Post)
Passwordless Authentication: What It Is and Why You Need It ASAP. The cybersecurity industry has a vision for a more secure future—one that involves getting rid of passwords. (PC Magazine)
Want a well-trained dog? Start with a better-trained human. Some dog researchers are rethinking the goals of obedience training, which should include listening, a strong