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Like others have said, a good quality multimeter is the most essential bit of test gear in anyone's arsenal. I'd add that there are times when analog is preferable over digital, and vice-versa, so one of each is handy.
My "go-to" bench meters are the ol' Simpson 260 (analog) and Fluke 8000a (digi). They're hard to kill and don't cost a fortune. I'm not crazy about using handheld MMs on the bench, they seem to always either get in the way or end up on the floor for some reason :-) Do like my Fluke 87 for when I need the portability, though...
I'm curious to see what people suggest for HV; that's the one thing I don't have (yet).
-Steve
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