As any parent of an infant can attest, noticing the little things is deeply rewarding too. The passing of a toy from hand to hand, a tight lipped smile that denotes the imminent arrival of the first tooth, and seeing that precious little person turn in response to her name are milestones that serve as the tip of the iceberg in a child's development. In the rapidly changing world of today the ability to innovate often differentiates successful companies from those that fall by the wayside. Innovation is also of paramount importance in childcare. Without it, routine responsibilities like diaper changes and feedings become tasks rather than opportunities to help a child laugh and learn.
Diversification is important too.
To many investors that means mutual funds. For parents, a sense of diversity in the experiences of their children is also important because it often reveals inclinations and talents that should nurtured. While the incessant banging of that pie pan may drive you to distraction, it may also reveal a sense of rhythm that indicates musical ability. While his penchant for disassembling everything from the bicycles to locks on the doors was at time inconvenient, the willingness of my parents to along with analytical behavior was almost certainly a major factor in helping him reach his full potential. An appreciation of cause and effect is also relevant to both investors and parents.