Understanding the Concept:
Differentiate twice.
Step 1: Simplify
\[
y = \frac{x}{x+1} + \frac{x+1}{x}
\]
\[
= 1 - \frac{1}{x+1} + 1 + \frac{1}{x}
\]
\[
= 2 + \frac{1}{x} - \frac{1}{x+1}
\]
Step 2: First derivative
\[
y' = -\frac{1}{x^2} + \frac{1}{(x+1)^2}
\]
Step 3: Second derivative
\[
y'' = \frac{2}{x^3} - \frac{2}{(x+1)^3}
\]
Step 4: Substitute \(x=1\)
\[
y'' = 2 - \frac{2}{8} = 2 - \frac{1}{4} = \frac{7}{4}
\]
Thus:
\[
\boxed{\frac{7}{4}}
\]