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8.1. Human Capital
document IMAGES-008-HOUSE_OVERSIGHT_024494.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

8. INDUSTRY OVERVIEW 8.1. Human Capital Historically, the world economy has been viewed as being driven by an asset base of natural resources. This has shifted to an economy driven by industrial and financial resources. This perception is reinforced through the statistics and m...

In general, a QSub is not treated as a separate corporation for federal tax purposes. ¥ All of the
document IMAGES-009-HOUSE_OVERSIGHT_026586.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

In general, a QSub is not treated as a separate corporation for federal tax purposes. ¥ All of the QSub's assets, liabilities, and items of income, deduction, and credit are treated as assets, liabilities, and items of income, deduction, and credit of the Subchapter S corporation...

George P. Shultz, Paul Volcker, Michael Bloomberg, Richard Ravitch and John Doerr
document IMAGES-006-HOUSE_OVERSIGHT_020826.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Foreword George P. Shultz, Paul Volcker, Michael Bloomberg, Richard Ravitch and John Doerr February 2011 Our country is in deep financial trouble. Federal, state and local governments are deep in debt yet continue to spend beyond their means, seemingly unable to stop. Our curre...

CAPITAL Cannabis Investment Report | December 2017
document IMAGES-008-HOUSE_OVERSIGHT_024718.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

ACKRELL CAPITAL Cannabis Investment Report | December 2017 filed a petition for involuntary bankruptcy. The bankruptcy court dismissed the petition, stating it would not assign a trustee “to administer drug tainted assets for the benefit of creditors who assumed the risk of doin...

consumption C means either more investment I or less output Y. It doesn’t say
document IMAGES-001-HOUSE_OVERSIGHT_010995.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

consumption C means either more investment I or less output Y. It doesn’t say which happens. Investment, for Keynes, meant creation of new productive assets. He was right in seeing that as the goal. But his analysis leaves too much outside. What I miss is a variable for investm...

Chart 79: How significant do you think robo advisor platforms will become over the next 3-5 years?
document IMAGES-002-HOUSE_OVERSIGHT_014368.txt Nov 17, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

Chart 79: How significant do you think robo advisor platforms will become over the next 3-5 years? 60% 50% 40% 30% 20% 10% 0% Assets will surpass $1T Assets will hit $500B then level Assets will hit $500B then out decline Source: BofA Merrill Lynch Global Research ¢ Bas...

Certain ERISA Under the Employee Retirement Income Security Act of 1974, as
document IMAGES-007-HOUSE_OVERSIGHT_024067.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

company. Certain ERISA Under the Employee Retirement Income Security Act of 1974, as Considerations: amended (“ERISA”), fiduciaries of prospective investors that are retirement plans subject to ERISA (“ERISA Plans”) must determine that an investment in the Fund is prudent, that...

From: jeffrey E. [[email protected]]
email IMAGES-012-HOUSE_OVERSIGHT_032865.txt May 17, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

From: jeffrey E. [[email protected]] Sent: 5/17/2016 1:56:20 PM To: Gerald 82rtcr Subject: Re: thanks for filling me in On Tue, May 17, 2016 at 3:53 PM, Gerald Barton i wrote: My Extraordinarily Talented, Outrageous Friend, Thank you for asking how Iam doing. The short...

of China); the China Working Group (led by members supportive of closer engagement
document IMAGES-005-HOUSE_OVERSIGHT_020475.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

16 of China); the China Working Group (led by members supportive of closer engagement with China); and the Senate China Working Group (led by members supportive of closer relations). Earlier legislation had established the Congressional-Executive Commission on China, focused on...

problems, it often takes only a couple of noisy data points to get something that’s a
document IMAGES-004-HOUSE_OVERSIGHT_016940.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

problems, it often takes only a couple of noisy data points to get something that’s a beautiful description of a phenomenon, because you’re putting in knowledge about how physics works. That’s in huge contrast to normal AI, which requires millions of training examples and is very...

Downside risks are: 1) integration risk from smartwatches and other wearables
document IMAGES-003-HOUSE_OVERSIGHT_014941.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…uring capacity, 3) better than expected drone sales, or new product announcements, and 4) new direct sales partnerships internationally GrubHub (GRUB) Our PO is $49, based on 32x our 2018E P/E (vs. high growth internet at 31x). We believe GRUB warrants a premium to eCommerce pe...

corporation, owns more than 10% of their stock
document IMAGES-007-HOUSE_OVERSIGHT_023363.txt Sep 11, 2001 House Oversight Committee — Epstein Estate Records (Nov 2025)

In re: TERRORIST ATTACKS ON SEPTEMBER 11, 2001., 2012 WL 257568 (2012) corporation, owns more than 10% of their stock. Appellant TIG Insurance Company is a member of the Fairfax Financial Group. Appellant’s parent organization, Fairfax Financial Holdings Ltd, a publicly traded...

Morgan Stanley | sesearcs NORTH AMERICA INSIGHT ~~
document IMAGES-008-HOUSE_OVERSIGHT_025579.txt Jan 12, 2018 House Oversight Committee — Epstein Estate Records (Nov 2025)

Morgan Stanley | sesearcs NORTH AMERICA INSIGHT ~~ Appendix C: Notable Alt Reports: In Case You Missed Them™% Asset Managers & Brokers: 4Q17 Preview: Buy CG and ETFC into the Print (12 Jan 2018) Raising Est on Tax Cuts & Strong Mkts, Upgrading APO and ETFC to Overweight (3 Jan...

Earth, only 2 million of which have been
document IMAGES-006-HOUSE_OVERSIGHT_021266.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Earth, only 2 million of which have been identified thus far. Most of the species identified are either born with the capacity to find sustenance and avoid predation sufficiently well that some survive long enough to reproduce, or they are born in such large numbers that some sur...