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including asset class benchmarks used for modeling
document earnings. All returns are pre-tax and are not adjusted for inflation. Additional information about the model portfolio performance calculation House Oversight Committee — Epstein Estate Records (Nov 2025)

including asset class benchmarks used for modeling

or asset classification schema information
document performance may be lower or higher than the performance data quoted. To request the most current or historical performance data House Oversight Committee — Epstein Estate Records (Nov 2025)

or asset classification schema information

Exhibit 19: US Equity Volatility
document IMAGES-003-HOUSE_OVERSIGHT_014553.txt Dec 31, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

…we believed that attractive valuations would eventually lead to high prospective returns in US equities and high 20 | Goldman Sachs | JANUARY 2017 HOUSE_OVERSIGHT_014553

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...

Meet with our Global Head of Commodities - Monday at 10:15am at One Bryant Park
email TEXT-001-HOUSE_OVERSIGHT_014695.txt Jan 27, 2017 House Oversight Committee — Epstein Estate Records (Nov 2025)

… joining Merrill Lynch, Blanch was an energy economist focusing on global oil & gas in the commodity research group at Goldman Sachs & Co. and consulted for the European Commission and other public and private organizations. Blanch has a masters degree in public administration fr...