The Intelligent Investor
Benjamin Graham
The headwaters of value investing. Re-read every few years and you'll find new things.
— ResourcesWhat I keep using:
What I keep using:
books · tools · people.
This list isn't aiming for completeness — it's aiming for actually-used and actually-useful. For every entry I added a sentence telling you why.
— Book Shelf
Books
A book read three times beats thirty books read once.
Poor Charlie's Almanack
Charles T. Munger
Teaches you to view problems through multidisciplinary mental models — far more lasting than specific advice.
The Most Important Thing
Howard Marks
Nails risk and cycles. In an emotional market, this book is medicine.
Fooled by Randomness
Nassim Taleb
The boundary between luck and skill — the first question every investor has to settle.
Berkshire Letters to Shareholders
Warren Buffett
Sixty years of business insight, one letter a year. Read year by year, like attending class.
The Five Rules for Successful Stock Investing
Pat Dorsey
From moats to valuation — a hands-on manual on how to analyze a company.
Principles
Ray Dalio
Not an investing book — a decision framework. Read alongside value investing and your view widens.
Value Investing Field Manual
Tang Chao
The most grounded value-investing read in Chinese. Heavy on cases, light on hype.
— Toolbox
Tools
Data, filings, notes, communities — the ones I open daily.
Dataexternal ↗
Koyfin
A free Bloomberg substitute — global market data, financial metrics, screeners all there.
Dataexternal ↗
iFinD / Choice (CN)
The most-used pro terminals in China. My daily driver for A-shares and HK.
Filingsexternal ↗
SEC EDGAR
All raw US listed-company filings. First-hand material always beats second-hand commentary.
Filingsexternal ↗
Cninfo (CN)
Official source of A-share filings: prospectuses, annual and quarterly reports.
Utilityexternal ↗
Notion
All my investing notes, company files and reading cards live in Notion.
Communityexternal ↗
Value Investors Club
High-quality value-investing case-study community. Posts older than two months are free.
— People I Follow
People I keep reading
They polish their lens from different angles. Reading them is like attending different classes.
T
Tang Chao
Value-investing blogger / author of Buffett & Munger Saga
WeChat "唐书房"
One of the most patient value investors in Chinese-language writing. His portfolio log reads like a mirror.
L
Li Xiaolai
Writer / investor
Twitter @xiaolai
Don't read for the conclusions — read for the path of thinking. Metacognition applied to investing.
M
Matt Levine
Bloomberg columnist
Money Stuff newsletter
The most fun column in finance. Makes regulation, M&A and bonds read like stand-up.
M
Morgan Housel
Partner at Collab Fund / author of The Psychology of Money
collabfund.com
He doesn't write about investing — he writes about human nature. Short pieces, every one worth printing.