I read the first edition of this book early in 1950, when I was nine-
teen. I thought then that it was by far the best book about investing
ever written. I still think it is.
To invest successfully over a lifetime does not require a strato-
spheric IQ, unusual business insights, or inside information.
What’s needed is a sound intellectual framework for making deci-
sions and the ability to keep emotions from corroding that frame-...
The Wisdom of Great Investors Avoid Self-Destructive Investor Behavior Understand That Crises Are Inevitable Don’t Attempt to Time the Market Be Patient Don’t Let Emotions Guide Your Investment Decisions Recognize That Short-Term Underperformance Is Inevitable Disregard Short-Term Forecasts and Predictions Conclusion Summary
This volume, like its predecessor The Social Life of Avatars: Presence and
Interaction in Shared Virtual Environments , aims to provide a state-of-theart
overview of research about how people interact in shared virtual environments
(SVEs). Unlike the first volume, which covered a wide variety of topics,
the essays collected here focus on two applications of SVEs; collaborativework
and online gaming. These two areas are rapidly emerging as key drivers of SVE
Developing a common vision and a comprehensive approach to
addressing children’s social, emotional and behavioral health needs is an
integral part of child and adolescent health and health care.
Policymakers can promote policies that call for a comprehensive state
plan, interagency strategies and coordinated investments to support early
social and emotional development. By integrating social and emotional
development into existing programs and services, policymakers support
efforts to comprehensively address the mental health needs of children
and their families.
Early identification of developmental and mental health issues in young children is essential for
preventing more serious social, emotional and behavioral health disorders. Policymakers can
promote the creation of statewide standards and strategies for identifying—in medical, childcare,
school and community settings—the developmental needs of young children and developing
appropriate interventions. Early childhood screening, with proven tools, is a critical investment,
particularly for Medicaid programs as part of EPSDT.
I read the first edition of this book early in 1950, when I was nineteen.
I thought then that it was by far the best book about investing
ever written. I still think it is.
To invest successfully over a lifetime does not require a stratospheric
IQ, unusual business insights, or inside information.
What’s needed is a sound intellectual framework for making decisions
and the ability to keep emotions from corroding that framework.
This book precisely and clearly prescribes the proper
framework. You must supply the emotional discipline....
A number of other governments, including a rather desperate
Greek government, have tried to raise money through the issuance of
diaspora bonds. In March 2011 Greece announced that it was looking
to raise $3 billion in a series of quarterly sales, primarily from wealthy
members of its diaspora population, and began bond sales to investors
in the United States. Credit rating agencies, including Moody’s, have
downgraded Greece, giving it a junk rating.
The World Health Organization recognises the quality
of the early years as a key social determinant of health17.
There are sound theoretical and empirical reasons
for focusing mental health promotion interventions
on young children to prevent a range of problems in
later life18 including mental health problems, obesity,
criminality, family violence, poor literacy, unemployment
and welfare dependency. Prevention and early
intervention is also less expensive and more effective
A child’s development is shaped by a number of factors, such as genetics, relationships with
parents or other caregivers, socioeconomics, and early childhood experiences. By supporting the
healthy development of young children policymakers help to provide the foundation needed for
children to grow into thriving adults. Children who are healthy and successful socially and
emotionally have a greater chance of becoming economically productive and engaged citizens.
For example, poor mental
health may impact on later outcomes by intermediary choices such
as insuﬃcient investment in eﬀort (e.g. playing truant) and self-
medication (e.g. substance abuse). We attempt to say something
about the likely importance of these factors. Finally, we perform our
analysis using a very recent cohort of young people where there is
longitudinal data - and in a country where both poor mental health
and early drop-out are known to be very big problems by interna-
Investing in child health is an investment upstream. Quite simply, health in infancy and the early years contributes
to healthy children and youth, and healthy children and youth contribute to health throughout the lifespan.
Indeed, “the early development of cognitive skills, emotional well-being, social competence and sound physical
and mental health builds a strong foundation for success well into the adult years…these abilities are critical
prerequisites for economic productivity and responsible citizenship throughout life.