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Regulatory Changes
document IMAGES-007-HOUSE_OVERSIGHT_024082.txt Jun 22, 2011 House Oversight Committee — Epstein Estate Records (Nov 2025)

…requirements of the Investment Advisers Act of 1940 (the “Advisers Act’), one of which is commonly known as the venture capital fund exemption. Neither the General Partner nor the Management Company is currently expected to register as an investment adviser with the SEC in relian...

Now I'll try to pull this together. Stock prices collectively, meaning all shares at
document IMAGES-001-HOUSE_OVERSIGHT_011012.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…to pull this together. Stock prices collectively, meaning all shares at current prices, is called “market cap.” (Cap is capitalization.) Market cap does not measure the whole underlying value of the issuers, meaning firms that issued the stock, since there are debt claims that mu...

RE: AVGO
email TEXT-002-HOUSE_OVERSIGHT_031806.txt Jul 13, 2018 House Oversight Committee — Epstein Estate Records (Nov 2025)

…k and own protection for the next 35 days until we hopefully get more clarity from management. Paul Barrett Alpha Group Capital LLC 142 W 57th Street, 11th Floor, New York, NY 10019 ALPHA GROUP CAPITAL From: jeffrey E. <[email protected]> Sent: Friday, July 13, 2018 1:55 PM T...

Bloomberg consensus estimates) vs. STC at 17% (consensus). It is thus arguably crucial
document IMAGES-003-HOUSE_OVERSIGHT_016160.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…H roll out in less economical areas (as part of the NTP), we believe returns will likely not suffer from the additional capital deployment. Mobily could also benefit (given its well-developed FTTH infrastructure), although we expect it to lag STC who has a first mover advantage a...

Edward West had written in 1815 that in economies already developed, there isn’t
document IMAGES-001-HOUSE_OVERSIGHT_011000.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Edward West had written in 1815 that in economies already developed, there isn’t much room for more capital of the same kind. Its productivity disappears in capital glut and diminishing returns. There could still be growth when some of the new ideas would need only redeployment o...

TAL Cannabis Investment Report | December 2017
document IMAGES-008-HOUSE_OVERSIGHT_024812.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

A =a ELL TAL Cannabis Investment Report | December 2017 Ackrell Capital Cannabis Team Mike Ackrell founded Ackrell Capital in 2003. Previously, Mr. Ackrell was the Head of ABN AMRO’s U.S. Technology Investment Banking Group and the Head of Invest- ment Banking at WR Hambrecht+...

right camps. So far, Macron has fostered a good rapport with
document IMAGES-001-HOUSE_OVERSIGHT_012083.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

CHART 2: INDIA POPULATION DISTRIBUTION 2015 100+ 95-99 90-94 ll 85-89 a 80-84 Oe 75-79 a | 70-74 —e| i, 65-69 CO TEE 60-64 | y 259 ee ee 2950-54 | 45-49 es ee 40-44 —————— ee 35-39 —E 30-34 (NNN EE>E=—E———E=—=—™_—=—E=—~_—>—=—E>—FTFcEo—E=co 25-29 ea 20-24 SS ee 15-19 (NNSA EE—>—...

Text 001 House Oversight 028413
document TEXT-001-HOUSE_OVERSIGHT_028413.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

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To: Brad Wechsler < >, Melanie Spinella < x
email TEXT-001-HOUSE_OVERSIGHT_023208.txt Oct 26, 2015 House Oversight Committee — Epstein Estate Records (Nov 2025)

… basis ( tufts gain, debt financed, art partnership, pledges. sell stock, art, deal with phaidon debt. athene,? income, capital, foreign, exit, corporate, insurance regs, out and inbound issues, basis, appropriate discount rates. ? terminations. control. , qualified dividends, co...

I would tax capital gains as much as ordinary income for the same reason. Level the
document IMAGES-001-HOUSE_OVERSIGHT_011113.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

I would tax capital gains as much as ordinary income for the same reason. Level the playing field. Solow saw most of the truth, but didn’t go far enough. Mill saw more. And even Mill stopped short. All we have to do is look at the charts and tables. Capital accumulation does not...

Economic Research: How Increasing Income Inequality Is Dampening U.S. Economic Growth, And Possible
document IMAGES-008-HOUSE_OVERSIGHT_025768.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ion within so-called "market income," which consists of labor income (wages and salaries, plus employer-paid benefits), capital income (excluding capital gains), business income, capital gains, and other income--all before government taxes and transfers (see Glossary for full de...

Appendix 1: The Team and Our Process
document IMAGES-007-HOUSE_OVERSIGHT_024221.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…nsists of 8 members, including 5 investment professionals who have worked (with Jos Shaver as Portfolio Manager) at SAC Capital and the original Electron Capital for an average of 6 years. In addition, 4 of the 5 investment professionals have lived outside the US, a distinct comp...

Sprout Capital Healthcare Technology Portfolios
document IMAGES-007-HOUSE_OVERSIGHT_024031.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Sprout Capital Healthcare Technology Portfolios: Since 1995, members of the New Leaf team made all of the healthcare technology investments in the Sprout Funds while they were part of the investing team at the Sprout Group. The Sprout Funds were venture capital funds that were d...

country and period tested. I call it free growth. My own free growth theory
document IMAGES-001-HOUSE_OVERSIGHT_010946.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…| will mean some of both. No one had the data to prove him right until national accounts began reporting market-valued capital in 1990 or so, and reconstructing it for a few decades before. What they had earlier was the book measures of capital that we see in balance sheets. The...

Investment Soeaian
document IMAGES-008-HOUSE_OVERSIGHT_025694.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Investment Soeaian Management Important Information Division Investment Strategy Group. The Investment Strategy Group (ISG) is part of the Investment Management Division of Goldman Sachs. The Investment Strategy Group (ISG) is focused on asset allocation strategy formation and...