Three kids, three cats. A family of tax brands: https://teapaw.org/t.co/WLB6qC4ZUC, https://teapaw.org/t.co/QDtwmCJIfy, https://teapaw.org/t.co/23h9RbmcaM, https://teapaw.org/t.co/SLvdWdc7F4
Austin, TX
Joined January 2012
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Capitalism. In its true form, makes the consumer sovereign. Govt controlled econ empowers few @ top.
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Some will be tempted to say the same thing is happening in tax and accounting. But the key difference is that ...
Financial data (the subject of our work) changes daily and requires workflows and human judgement around (1) validation and (2) decision making...
The entire legal profession is having a "what comes next?" moment...
Goldman, Morgan Stanley, and Citi are telling Big Law firms to cut fees.
Their argument is simple: AI has made research, contract review, document review, and discovery faster, so the bills should come down.
Citi is already asking firms to show the AI savings when they bid for work.
Morgan Stanley’s general counsel said the old model, where partners get paid off associates billing long hours, is now unstable.
That model exists because the same clients asked for it.
Firms then built their economics around leverage: junior lawyers doing the volume work at high rates.
Now, the whole thing is unstable!
Whatever happens next, @smblawgroup will be on the cutting edge...
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Exactly why we wont sell our 300k EBITDA business. The upside to growing ourselves is too high.
Henry Kravis on VC firms trying to attempt the private equity rollup strategy using AI
"The problem today is that [multiple] arbitrage is closing. Small companies are waking up and saying I wont sell my company at 6x when I look at comparables and they are selling at 15x"
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Big companies can’t be people first. Its just not in the cards. It feels far more human to be and run as a small company. Its a privilege to operate like a tribe.
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With the release of the form 1099-DA for crypto, I’m seeing a lot more interest in hard wallets. For those that aren’t OG hodlers (me included), that’s a physical wallet to hold crypto. Time to get this set up, without knowing what I’m doing. HELP
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Still thinking about this today. How moments of inches happen in our lives? Moments that completely change everything.
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I can now retire baseball as a fan. Thank you @Dodgers
You will never see anything like the Dodgers’ ninth inning again. They needed:
- Miguel Rojas’s game-tying HR
- IKF not taking a secondary lead while running on contact
- Rojas’s terrific play to the plate
- Andy Pages’s bonkers catch
If just one doesn’t happen, Jays win.
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Miguel Alexander Centeno retweeted
I'll end the night with this: All the pressure of this NLDS is on the Phillies.
Yes, the Dodgers spend the most money in Major League Baseball. Yes, they've deferred millions of dollars and signed multiple high-profile free agents this winter.
But unlike the Phillies, they're coming off a 2024 World Series Championship.
This may very well be the Phillies' last shot with this current group of players to win the World Series, and LA steals Game One tomorrow... oh boy
The idea that you go into a partnership primarily to share the workload is a lie.
The logic goes: if I'm carrying 100 pounds, getting a partner means that I'll go down to 50, or heck, I'd take 60 even, and ... then they'll take the rest.
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No, the right partner tells you the truth. And the measure of any man or woman is how much truth they can bear in themselves. That's actually Nietzsche, but I feel like only now, almost two years into our own partnership, that I finally understand the meaning of it.
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