Even in today's rapidly changing Crypto Assets market, the wisdom of Wall Street investment master Benjamin Graham still shines. The core principles from his classic work "The Intelligent Investor" are equally applicable in the digital asset space. Let's dive into these insights.

The primary principle is risk management. In the Crypto Assets market, volatility is extremely severe, with an annual decline of 50% for Bitcoin being considered normal, while smaller coins are even more precarious. In the face of such uncertainty, investors should act cautiously and avoid putting all their funds into a single asset.

A reasonable investment portfolio allocation could be: mainstream coins (such as Bitcoin and Ethereum) accounting for 70%, projects with potential for development accounting for 20%, and speculative assets with high risk and high return not exceeding 10%. Before each investment decision, a self-assessment should be conducted: if the asset value is halved, can you accept it calmly?

Graham divides investors into defensive and aggressive types. In the field of Crypto Assets, defensive investors may be more inclined to regularly invest in mainstream coins and store them in cold wallets; while aggressive investors may research emerging public chains, decentralized finance (DeFi), or real-world asset tokenization (RWA), among other areas. However, regardless of the type, everyone should act within their capabilities to avoid significant losses due to inadequate preparation.

The concept of margin of safety also applies to Crypto Assets investment. This means that investors need to conduct in-depth research on the value of projects and avoid entering the market at inflated valuations. The valuation logic varies for different types of Crypto Assets. For example, the value of Bitcoin primarily comes from its scarcity and community consensus, while Ethereum depends more on the development of its ecosystem and actual application demands.

Overall, whether in traditional finance or the emerging Crypto Assets market, a prudent, rational, and continuous learning investment attitude is always the key to success.