Figure 2From “Why growth compounds, and activity doesn't.”
The stock-or-flow test
Four rows, one meeting. The last column is the one that comes back blank, and blank there means the row is flow that nobody has noticed resetting.
Figure 2The stock-or-flow test
Source: Author's own worksheet.

From the essay
Growth that compounds
Why growth compounds, and activity doesn't.
The quiet difference between moves that make the next move easier and work that resets when the quarter ends, and why the second is much easier to fund.
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