In the 1960s, the poverty rate was above 20 percent. Using the government’s official poverty measure, poverty has fallen to 11.1 percent as of 2023, the most recent year data are available. This measures poverty on a relative basis. Of course, a relative standard will always find relative poverty. But using an absolute standard finds that income... See more
Free cash flow and independence (two sides of the same coin) are hedges against uncertainty, institutional decrepitude, and burnout.
Sunil and Anil spent five years, just the two of them, in China and back home, doing R&D. Learning, tinkering, thinking. They didn’t hire Meter’s first employee until five years in, until they knew what they wanted to build, and how.