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Morgan Stanley | ®esearcs NORTH AMERICA INSIGHT
document IMAGES-008-HOUSE_OVERSIGHT_025580.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Morgan Stanley | ®esearcs NORTH AMERICA INSIGHT Brokers & Asset Managers Comps Sheet Exhibit 50: Brokers & Asset Managers Comps Sheet Brokers & Asset Managers 26/Jan/18 EPS As % Dividend Earnings Per Share (EPS) © CAGR (%) Price/Earnings (P/E) EV/ EBITDA of AuM Yield (%) LTM N...

Consequences of Inaction
document IMAGES-006-HOUSE_OVERSIGHT_021048.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Consequences of Inaction KP www.kpcb.com USA Inc. | Consequences of Inaction 413 To Take a Step Back... e We Asked the Question — How would public shareholders view USA Inc.? e What Have We Found? — USA Inc.’s finances — short-term and long-term, income statement and balanc...

Stanislav Kuznetsov
document IMAGES-004-HOUSE_OVERSIGHT_017086.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Kiyoshi Kurokawa Tapio Kuula Nabil R. Kuzbari Maja Kuzmanovic Stanislav Kuznetsov Andrey R. Kuzyaev Kwak Seung-Jun Fawzi Kyriakos-Saad Rachel Kyte Carlos Labarthe Costas Huguette Labelle Maria Claudia Lacouture Francine Lacqua Peter Lacy Christine Lagarde Samir Lahoud Sam...

Troubled Asset Relief Program (TARP)
document IMAGES-006-HOUSE_OVERSIGHT_020936.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Troubled Asset Relief Program (TARP): Recipient of 38% of Net Government (Taxpayer) Funding” In TARP, the financial rescue program (created in October, 2008), USA Inc. purchased assets and equity from financial institutions to provide the capital and liquidity needed during the...

Federal Register/Vol. 76, No. 168/Tuesday, August 30, 2011/Rules and Regulations
document IMAGES-006-HOUSE_OVERSIGHT_022288.txt Aug 30, 2011 House Oversight Committee — Epstein Estate Records (Nov 2025)

Federal Register/Vol. 76, No. 168/Tuesday, August 30, 2011/Rules and Regulations 54017 In support of their contention that NLRA rights are widely known among employees, several comments observe that the Board’s processes for holding representation elections and investigating an...

What matters is return. I don’t have to specify “risk-adjusted” return so long as
document IMAGES-001-HOUSE_OVERSIGHT_011104.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

What matters is return. I don’t have to specify “risk-adjusted” return so long as | describe the collective scale alone. Collective return is implicitly average-risk return. I prioritize it on the reasoning that optimizing employment of people and plant is implicit, and that opti...

portfolios are chosen for returns no higher and riskier than the year before. They
document IMAGES-001-HOUSE_OVERSIGHT_010959.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

portfolios are chosen for returns no higher and riskier than the year before. They will tend in fact to be lower, judging from logic and evidence for a decline in risk tolerance with age. Then what besides work is recovered in pay? The two possibilities I was weighing were main...

CHAPTER VII Capital Markets for Cannabis Companies
document IMAGES-008-HOUSE_OVERSIGHT_024763.txt Nov 30, 2017 House Oversight Committee — Epstein Estate Records (Nov 2025)

KR L PI L AC EL CA TA CHAPTER VII Capital Markets for Cannabis Companies m Public Capital Markets: Canada As of November 30, 2017, six cannabis-related companies were trading on the TSX, 20 were trading on the TSXV and 41 were trading on the CSE. Most of the publicly traded c...

New Leaf’s investment strategy is differentiated in the venture capital industry in terms of its
document IMAGES-007-HOUSE_OVERSIGHT_024042.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

V. NEW LEAF VENTURE PARTNERS INVESTMENT STRATEGY New Leaf’s investment strategy is differentiated in the venture capital industry in terms of its sector focus, specific approaches within each sector, and the depth of experience and long-term track record that supports each eleme...

Cannabis Investment Report | December 2017
document IMAGES-008-HOUSE_OVERSIGHT_024772.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

CKRELLE CAPITAL OY Cannabis Investment Report | December 2017 products industries, especially as companies from those industries look to enter the cannabis industry, through acquisition or by other means. As demonstrated by the more than $2.0 billion raised by publicly traded...

pure consumption. Why? Output in itself means creation of economic value
document IMAGES-001-HOUSE_OVERSIGHT_011128.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

pure consumption. Why? Output in itself means creation of economic value. Mathematically, that could include what I called “output exhaust”, meaning value exhausted as soon as created. | ruled that out as “free goods”, which happen every day but are neglected in economics as unab...

NLV-III will be managed by the New Leaf team, which currently manages NLV-I, NLV-IL, and
document IMAGES-007-HOUSE_OVERSIGHT_024022.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Il. THE TEAM NLV-III will be managed by the New Leaf team, which currently manages NLV-I, NLV-IL, and provides sub-advisory services managing the remaining healthcare technology investments in the Sprout Funds. The team of six senior partners, five of whom have worked together c...