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⚡IMPACT LEVEL 3 — NOTEWORTHY

Epstein File EFTA00656780: Collins, Emanuel and Modeling (DS9)

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This document is an email discussing Emanuel Derman's book on the perils of modeling in finance and business, with references to General Motors, American Airlines, and Goldman Sachs. The email critiques research methodology and predictive value, citing Jim Collins' work, and references comments by Emanuel Derman on the Edge platform. No legal matters are identified in the provided text.

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Excerpt 1
Derman has a new book out about the perils of **modeling** in which he creates this taxonomy: Theories are attempts to discover the principles that drive the
Excerpt 2
Indeed, if you go to General Motors or you go to American Airlines or you go to **Goldman** **Sachs**, you don't see crazy people. Crazy people are fired.
Excerpt 3
This is part of the **killing**, and this is part of the change from super linear to sublinear, namely companies allow themselves to be dominated by bureaucracy

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