We have
$y=1+\frac{1}{x}+\frac{1}{x^{2}}+\frac{1}{x^{3}}+\ldots$
$y =\frac{1}{1-\frac{1}{x}} $ (GP series)
$=\frac{x}{x-1}\,\,\,\,\dots(i)$
On differentiating, we get
$\frac{d y}{d x}=\frac{(x-1)-x(+1)}{(1-x)^{2}}=-\frac{1}{(1-x)^{2}} $
$=-\frac{y^{2}}{x^{2}}$ (From (i))