Investment, in essence, is the realization of cognition. Today, I have compiled 10 "armory-level" classic works on value investing. I strongly recommend understanding them thoroughly in order, gradually building your own investment system.

Let's start with the first one—"The Intelligent Investor," by Benjamin Graham. Why place it at the top? Two reasons must be clarified:

First, it is the pioneering work of value investing. Graham directly established the foundational theory of modern value investing, and almost all subsequent investment masters have begun their thinking from him. In other words, this book is the "constitution" for investors entering the market; without reading it, it's like feeling an elephant in the dark.

Second, the underlying logic in the book remains effective today. Whether it’s stock investing or crypto asset allocation, the core principles of risk management, valuation thinking, and mindset building—all these essentials can guide you to avoid pitfalls.

The next nine books will be broken down one by one, each building upon the previous to elevate your understanding, ultimately helping you establish a complete investment cognition framework. If you're interested, I recommend saving this series and studying it repeatedly.