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At this juncture, the Indian rupee seems to be the only one in the region that is expected
document IMAGES-003-HOUSE_OVERSIGHT_014770.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ve relative to long term fundamentals. The main risk of the trade is of higher oil prices, and considerable reversal of capital flows. Apart from that, a change in the behavior of Reserve Bank of India it terms of managing INR to accumulate international reserves is also a risk....

An investment in the Fund entails a significant degree of risk and, therefore, should be undertaken
document IMAGES-007-HOUSE_OVERSIGHT_024069.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…be no assurance that the Fund's investment objectives will be achieved or that an investor will receive a return of its capital, and therefore, an investor should only invest in the Fund if such investor is able to withstand a total loss of its investment. In addition, there will...

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)

…e. We are motivated to do that anyhow. We are paid to apply skills, and are paid in proportion to skills applied. Human capital is skill sets. Pay measures its transfer to products, whether in realized work currently created or from capital in place through human depreciation....

Attachments
email TEXT-001-HOUSE_OVERSIGHT_016413.txt Jan 15, 2019 House Oversight Committee — Epstein Estate Records (Nov 2025)

…poor. Betting on Opportunity Zones Sales of development sites are surging in areas eligible for tax breaks Source: Real Capital Analytics Fervor about opportunity zones is heating up across the U.S. For a limited time, investors who develop real estate or fund businesses in these...

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)

… mean “is” in (A1.3). And neither does it in (A1.5). Rather both state that output provides cash flow offset plus total capital growth. This distinction helps everywhere in economics. We know for example that transfer out may be drawn either from capital in place or from concurr...

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)

…h of the senior partners has a strong combination of significant and relevant industry operating experience and venture capital investment experience from one or more of the Fund’s targeted sectors. The New Leaf team is further strengthened by a group of experienced investment pr...

A. Raw Land Investment. A qualifying foreign pension fund invests in a partnership that buys raw lan
document IMAGES-009-HOUSE_OVERSIGHT_026831.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…er property interests that qualify for treatment as real property for federal income tax purposes.) The investment is a capital asset, as the partnership is not engaged in business. The partnership later sells the property to a developer, or the pension fund sells its partnership...

growth rate = capital productivity + thrift rate. (4.4b)
document IMAGES-001-HOUSE_OVERSIGHT_011004.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

growth rate = capital productivity + thrift rate. (4.4b) Notice that we must change the sign before “consumption rate” to find thrift. Change downward in consumption rate is change upward in thrift rate, and conversely. Further change in growth rate = change in capital product...

Improvements Description and Analysis 44
document IMAGES-005-HOUSE_OVERSIGHT_018855.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…arina decking and fendering repair/replace $96,000 Total $161,000 *Values expressed in United States Dollars Planned Capital Expenditures From 2013 to 2015, a total of $771,460.93 has been spent on various capital expenditures. The major improvements over the past three years...

Re: AVGO
email IMAGES-011-HOUSE_OVERSIGHT_031819.txt Jul 13, 2018 House Oversight Committee — Epstein Estate Records (Nov 2025)

Alpha Group Capital LLC 142 W 57" Street, 11° Floor, New York, NY 10019 (xe ee, CAPITAL From: jeffrey E. <[email protected]> Sent: Friday, July 13, 2018 1:55 PM To: Paul Barrett Ce: Richard Kahn <i Subject: Re: AVGO Ive had enough!!!! Which puts ??? On Fri, Jul 13, 2018...

As I previously mentioned, my initial assignment as Justice Goldberg’s law clerk was to write a
document IMAGES-004-HOUSE_OVERSIGHT_017246.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…When Goldberg sat down with Dershowitz in the summer of 1963, not even the American Civil Liberties Union believed that capital punishment posed a potential violation of constitutional rights. Dershowitz made this point to Goldberg. “At the time the Eighth Amendment was enacted,...

This observation helps clarify my hypothesis that job learning costs no time that
document IMAGES-001-HOUSE_OVERSIGHT_011029.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

… Evidence that hourly if not yearly pay rises until retirement, or very near, would refute Ben-Porath’s claim if human capital ended at retirement. But it continues through retirement because imputed pay does. Mill and a few economists before him acknowledged “productive” and...

investment. A policy to increase investment would thus lead not only to higher
document IMAGES-001-HOUSE_OVERSIGHT_011015.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

investment. A policy to increase investment would thus lead not only to higher capital intensity, which might not matter much, but also a faster transfer of new technology into actual production, which would. Steady-state growth would not be affected, but intermediate-run transi...