The intelligent investor pdf scribd


The 2010 Report of the President's Council of Advisors on Science and Technology (PCAST), entitled “Desning a Dital Future: Federally Funded Research and Development in Networking and Information Technology,” documents the transformation of our society driven by advances in networking and information technology, catalyzed by our nation's past investments in research. [O]ur world today relies to an astonishing degree on systems, tools, and services that belong to a vast and still growing domain known as Networking and Information Technology (NIT). labor productivity more than any other set of forces.... [is] crucial to achieving our major national and global priorities in energy and transportation, educations and life-long learning, healthcare, and national homeland security....

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A software system expresses a desired computational/machine behavior in a number of different forms both to drive general-purpose devices to solve specific problems and to support human desn of and reasoning about such computational behaviors.


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[and is] essential to achieving the goals of open government." The NIT revolution has been powered by unprecedented sustained advances in two broad areas: dital devices - primarily general-purpose processors, network and storage systems, displays and sensors, for example - and special-purpose software, i.e., application-specific.Past advances include modern programming mechanisms; software development methods; mathematical ques for verifying the conformance of software behavior to software specifications and for finding faults in programming; approaches to testing software for faulty behavior and for securing it against misuse; methods for structuring software artifacts sometimes comprising tens of millions of lines of programming code for human understanding and maintainability; and tools to enable networks of software engineers to work 24/7 globally to create many millions of lines of debugged and documented code every day for a plethora of diverse software products used in industry, academia and by the every-day citizen.

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The past investments in software and software engineering research have greatly enriched our society and improved our quality of life.

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