Adam Parr

Tax code whisperer. Ruthless doomscroller. Politically homeless. #TaxTwitter

[Adam Parr @parradaigm]

😂 people are so stupid

[The Kobeissi Letter @KobeissiLetter]

BREAKING: US stock market futures open higher on news that the US and Iran have agreed to halt strikes and meet this week.

[Adam Parr @parradaigm]

Didn’t happen

[Barak Ravid @BarakRavid]

🚨BREAKING: U.S. and Iran agree to halt strikes and meet this week, U.S. officials tell me. My story on @axios
https://t.co/UWuRAYREFH

[Adam Parr @parradaigm]

Huge if true

[Boring_Business @BoringBiz_]

A lot of people continue to compare the AI cycle with the dot-com bubble, without realizing that the run-up has been driven by fundamental earnings growth, while the 2000s was mostly just hopes and dreams

Forward P/E multiples in tech have contracted even as stock prices have gone up this time around

[Adam Parr @parradaigm]

@KobeissiLetter Pakistan would like to have a word.

[Blake Oliver @BlakeTOliver]

KPMG built a dashboard to track AI usage. Target: 75% of the workday.

Within weeks, staff were using AI to summarize emails they'd already read just to show activity on the dashboard.

There's a name for this: token maxxing. It's the billable hour, wearing a new outfit.

Read more on the blog: https://t.co/xVU4l2AqVC

[Adam Parr @parradaigm]

Nothing was signed. If you have witnessed last 10 years, you know there was nothing signed. Just theatrics.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: The US Military has conducted new strikes in the area of the Strait of Hormuz, per Axios.

This would mark the first US strikes in the region since the “Memorandum of Understanding” was signed.

[Adam Parr @parradaigm]

Win for him. Not for you.

[Brian Armstrong @brian_armstrong]

Tokenized stocks are a win for everyone.

For people that already hold stocks, it makes them more useful - much faster to send, trade 24/7, etc.

But there are also lots of people in the world that don’t have easy access to US stocks. In a lot of countries, wealthy people may be able to get a brokerage, but ~4B people in the world don’t have ways to access US investments, so they’re stuck holding cash and low quality investments. Tokenized stocks will change this by opening up the best markets to the world.

[Adam Parr @parradaigm]

@brian_armstrong Anything but therapy

[Adam Parr @parradaigm]

I for one am glad to see folks enjoying watching random teams and not complaining about paying $3k per seat.

Totally worth it. It’s a once in a lifetime thing. Experiences matter.

[Adam Parr @parradaigm]

Red vs. Blue state. I said what I said.

[A.J. Manaseer @AJManaseer]

This is one of the wildest stats I have ever seen and completely goes against what any rational real estate investor would have expected back in the early part of this decade.

The lesson here is that nothing affects real estate prices more than supply. I’d rather invest in a stagnant market seeing no supply growth than a booming market with lots of supply growth.

[Adam Parr @parradaigm]

Could this be the reason there’s a fertility crisis because men now realize raising kids is insanely hard?

[The Institute for Family Studies @FamStudies]

Modern dads are helping out at home more than ever, @lymanstoneky finds.

Married dads of young children in 1965 did, on average, less than 10 hours a week of child care or help around the house. Dads in 2024 contributed nearly 30 hours a week, an increase of approximately 300%.

[Adam Parr @parradaigm]

Gen Z can never have anything good

[CNN Communications @CNNPR]

Kyla Scanlon has joined CNN as an analyst and contributor. Welcome to CNN, @kylascan! https://t.co/3zNNZXAFB7

[Adam Parr @parradaigm]

Cursor might be the stupidest company ever or considering they plug into OpenAI and Claude, the smartest company ever to sell to SpaceX for Monopoly money.

[Adam Parr @parradaigm]

Spelled BJP wrong.

[Pavel Durov @durov]

Indian telecom Reliance is sabotaging access to Telegram for millions of users OUTSIDE India (including the UAE) via a rogue method called BGP hijacking.

The sabotage seems intentional, as Reliance has ignored multiple reports.

This may be part of a competitive war, as Reliance is partially owned by Meta — the company behind WhatsApp.

Network operators are advised to reject unauthorized BGP announcements from Reliance (AS18101) to prevent route hijacks and ensure stable Internet access for their users.

Such abuse of global Internet routing is alarming. I wouldn’t be surprised if Reliance/WhatsApp were also behind the recent lobbying effort to ban Telegram in India.

[Boring_Business @BoringBiz_]

Just holding the QQQ index over the last 10 years would have generated a 22% IRR

You would have outperformed almost every venture capital and private equity fund that exists simply by owning an index and doing nothing beyond that

It is a fallacy that retail needs access to private markets to generate good returns

The reason you see many people push for this is because they want exit liquidity on their own positions. Nothing more

[Adam Parr @parradaigm]

Give home loans to people on stated income and adjustable rate mortgages. Let them buy 2, 3 or 4 homes. Everyone deserves a chance at home ownership. What could possibly go wrong?

[Brian Armstrong @brian_armstrong]

I think it’s time to revisit the accredited investor laws in the US.

Companies are staying private longer, where only accredited investors (aka rich people!) can invest. Retail investors can only come in after IPO, when much of the upside has already been captured.

These rules were created with the best of intentions, to protect regular people from scams - a noble idea. Unfortunately, in practice they've often made it illegal to get richer, unless you're already rich. A regressive tax!

We have to judge policies based on their outcomes, not on their intentions.

These are two possible routes I see:

1) Replace the rule with something merit-based, like a financial literacy test. Pass it and you're accredited. Having a qualification based on competency rather than your bank balance or income seems far more fair.

2) Remove the rule entirely. Let consenting adults assess their own risk. Disclosure requirements stay and fraud enforcement stays to punish bad actors.

[Adam Parr @parradaigm]

Me

[NoLimit @NoLimitGains]

Seriously, who’s buying this at $186?

[Adam Parr @parradaigm]

Internet has been dead since 2016. Proof 👇

[MrBeast @MrBeast]

WE HIT HALF A BILLION SUBSCRIBERS ❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️

[Adam Parr @parradaigm]

Free humanity? Wtf did I miss?

[Vinod Khosla @vkhosla]

The stupidity of these @Stanford students to take the greatest opportunity for equality in humanity ever and to really free humanity and go walk out on @google
and @sundarpichai that's pioneered that. Biased, idiotic, short-sighted and very selfish. Selfish because they ignored the bottom 3 billion people on this planet vs. the few million Palestinians who I also support. Get real! https://t.co/EFg09aLgLQ

[Adam Parr @parradaigm]

Today in things that didn’t happen

[Shehbaz Sharif @CMShehbaz]

Following intensive talks, we are pleased to announce that the Peace Deal between the United States of America and Islamic Republic of Iran has been REACHED. Both sides have declared the immediate and permanent termination of military operations on all fronts, including in Lebanon.

The official signing ceremony will be on Friday, 19 June in Switzerland.

We would like to thank the United States of America and the Islamic Republic of Iran for their commitment to finding a diplomatic solution to the conflict. We would also like to extend our sincere appreciation to our brothers in this mediation effort, the great leadership of State of Qatar, for their support in reaching this agreement. I would also especially thank the visionary leadership of Kingdom of Saudi Arabia and Republic of Türkiye for their immense contributions in this regard.

With the agreement now in place, mediators will facilitate a series of meetings this week. These pre-implementation discussions will lay the foundation for the technical talks and the official signing ceremony.

@realDonaldTrump
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