One of my friends thinks Theo Epstein is an overated GM.

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He's apparently decent at assessing young talent but has been legitimately awful in the free agent market...

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ortiz
okajima
timlin
mueller
garden worm

etc

he's better at finding overlooked guys who can contribute than signing big ticket FA's. he's also been good about NOT overpaying for FA's on their way down - pedro, damon, etc. he lets guys walk at the right time for the most part. the guys he has signed who haven't worked out are still mostly young guys who projected pretty well, not 35 year old declining sluggers.