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armies: one-and-a-half million soldiers. Thousands of tanks. Hundreds of
document IMAGES-001-HOUSE_OVERSIGHT_011629.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

armies: one-and-a-half million soldiers. Thousands of tanks. Hundreds of fighter jets. Other, much larger nations had endured months, even years, of hell before prevailing in such circumstances: the Soviet Union, for instance, with its huge strategic depth, or France, rescued by...

Morality Games 315
document IMAGES-003-HOUSE_OVERSIGHT_015527.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Morality Games 315 Hedden, T., & Zhang, J. (2002). What do you think I think you think? Strategic reasoning in matrix games. Cognition, 85(1), 1-36. Hoffman, M., Yoeli, E., & Nowak, M. A. (2015). Cooperate without looking: Why we care what people think and not just what they do...

The Rest Won't Overcome the West
document IMAGES-010-HOUSE_OVERSIGHT_029947.txt Jul 1, 2011 House Oversight Committee — Epstein Estate Records (Nov 2025)

Article 4. Cato Institute The Rest Won't Overcome the West Leon Hadar July 1, 2011 -- Much has been said and written in recent years about the growing challenge to US geo-strategic and geo-economic status by China, BRIC (Brazil, Russia, India and China) and the other rising g...

& Wealth Management
document IMAGES-009-HOUSE_OVERSIGHT_026826.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Deutsche Asset & Wealth Management Eric D.K. Melby Principal, The Scowcroft Group A founding Principal of The Scowcroft Group, Eric D. K. Melby has extensive experience in telecommunications, energy and investment support. He also advises clients on market entry and geopolitica...

31 “Export Controls: Agencies Should Assess Vulnerabilities and Improve Guidance for Protecting Expo
document IMAGES-006-HOUSE_OVERSIGHT_020590.txt Jun 16, 2011 House Oversight Committee — Epstein Estate Records (Nov 2025)

131 31 “Export Controls: Agencies Should Assess Vulnerabilities and Improve Guidance for Protecting Export- Controlled Information at Universities.” General Accounting Office. GAO-07-70. http://www.gao.gov/new -items/d0770.pdf. 32 “Export Control Reform Initiative: Strategic Tr...

Private Placement Memorandum
document IMAGES-007-HOUSE_OVERSIGHT_024432.txt Sep 27, 2006 House Oversight Committee — Epstein Estate Records (Nov 2025)

No. Copy: Recipient: Private Placement Memorandum Dated September 27, 2006 CONFIDENTIAL $1,000,000,000 KNOWLEDGE UNIVERSE EDUCATION L.P. KUE Management Inc. Investment Units consisting of Common Limited Partner Units of Knowledge Universe Education LP and Class A Ordinary Sh...

We may see some fireworks in US-China relations during the Trump administration
document IMAGES-003-HOUSE_OVERSIGHT_014567.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

We may see some fireworks in US-China relations during the Trump administration. With respect to trade, President-elect Trump can use any one of six US statutes, including the Trading with the Enemy Act of 1917 and the International Emergency Economic Powers Act of 1977, to shif...

murky. Sure, Goldman Sachs partners and tech fortunes, but what to make of
document IMAGES-007-HOUSE_OVERSIGHT_022719.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

murky. Sure, Goldman Sachs partners and tech fortunes, but what to make of a Coney Island, Zelig-like no-namer? In 1994, just at the moment when Prince Charles is on television acknowledging his love for Camilla Parker Bowles, Jeffrey Epstein is sitting with his arm around Princ...

higher-than-expected International investments. The biggest downside risk is lower
document IMAGES-003-HOUSE_OVERSIGHT_014942.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

higher-than-expected International investments. The biggest downside risk is lower revenue if Tinder experiences a decline in popularity or public perception. Netflix, Inc. (NFLX) Our $154 price objective is based on a peak penetration sum-of-the-parts analysis which discounts...

change, lock in great-state peace. So many desires scatter our minds and when we
document IMAGES-004-HOUSE_OVERSIGHT_018403.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

change, lock in great-state peace. So many desires scatter our minds and when we fail to achieve them they erode our will. Here is a basic lesson of accomplishment in any human domain: Better for us to focus on a single aim, and tighten our efforts around that one aim and use suc...

UBS View Prefer value and large caps in Europe, mid caps in US
document IMAGES-007-HOUSE_OVERSIGHT_024156.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Equity styles UBS View Prefer value and large caps in Europe, mid caps in US ¢ We recommend that investors look for value opportunities in Europe: The cheapest stocks within each sector are at extreme relative valuations, which should begin to normalize. Within Financials, howev...

Exhibit 28: Total Foreign Currency Holdings of
document IMAGES-003-HOUSE_OVERSIGHT_014566.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Exhibit 28: Total Foreign Currency Holdings of China’s Official Sector If the recent pace of decline continues, China's reserves could soon fall below the IMF's adequacy threshold. US$ billions 5,000 Mumm P30C FX reserves Gums Other official FX holdings == Scenario 1 (avg. pac...

iron logic, that "the future of Israel
document IMAGES-010-HOUSE_OVERSIGHT_028906.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

iron logic, that "the future of Israel depends on our strength and our righteousness." "Our strength" — that is the IDF's might and its strategic capabilities, the backing of the superpowers, our economic strength, and our social solidarity. "Our righteousness" — not as an abst...

by remaining overweight US corporate high yield
document IMAGES-003-HOUSE_OVERSIGHT_014599.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

by remaining overweight US corporate high yield credit versus investment grade fixed income and by funding various tactical tilts from their high-quality bond allocation. While most investment grade bonds may have uninspiring tactical prospects, we emphasize that investors should...