Core Viewpoint - The essence of investment lies in establishing a systematic approach that allows for consistent profitability rather than relying on individual stock bets [3][4]. Investment System - A well-defined investment system is a personalized set of consistent and executable investment standards that help investors identify quality assets aligned with their risk preferences and value logic [3]. - Many novice investors fall into the trap of seeking "hot stocks," often focusing on historical price movements or chasing after popular companies, which leads to unsustainable profit logic [3]. Profitability of Systematic Investment - Systematic investment enhances win rates and reduces failure costs through rule-based decision-making, contrasting random investment strategies that yield lower success rates [4]. - Two mainstream paths to achieve stable profitability above 50% include: - Buffett-Graham style value investing, focusing on deep fundamental research and long-term holding of undervalued assets [4]. - Schloss-Graham style "cigar butt" investing, which relies on quantitative screening tools to identify undervalued stocks with high safety margins [4]. Integration of Investment Strategies - Investors can integrate various systems based on their capabilities, combining deep research with diversified investment logic to create a personalized investment framework [5]. - The core value of systematic investment lies in reducing emotional interference and error probability by adhering to rules and logic in decision-making [5]. Snowball Three-Factor Method - The Snowball Three-Factor Method promotes long-term investment through asset, market, and timing diversification, aiming for diversified investment returns and risk mitigation [6].