2025 Value Investing Seminar: Long These Two “Unsung” Chip Heroes

Sunny Han is a value investor based in California with over a decade of experience in the real estate and financial markets. She began her career as a real estate investor, successfully exiting several property holdings before transitioning into value investing. Currently, Sunny works at a family office, where she manages a diversified portfolio for her family and close associates.

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At the 2025 Value Investing Seminar, Sunny shared a personal story about how she came to understand her investment philosophy. She recounted attending a dinner party where complex investment discussions left her feeling unprepared. This experience led her to pick up a book that "humbly realized without grand principle like a beating of light in dark room," leading her to the core belief that "Investing means own part of the real business. Business make profit. They solve real problem". This foundational understanding helped her move away from "chasing hot starting understanding" and instead adopt a long-term mindset.

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2025 Value Investing Seminar - Sunny Han

She highlights three important lessons from her investing journey:

• Never offer conviction without understanding: Sunny emphasizes that she will not invest in a business if she does not understand it and truly believe in it, regardless of whether the tip comes from a friend, a hedge fund manager, or a media outlet like CNBC.
• Structured buying and selling: She insists on only buying and selling after thorough analysis, never in the midst of "training" (likely referring to emotional or rapid trading). This approach is designed to protect against emotional reactions in the market.
• Focus on key metrics and quality: While she considers traditional financial metrics such as P/E ratio, revenues, earnings growth, equity, free cash flow, insider ownership, and overall financials, she stresses that "most importantly resonates quality and management".  She favors qualitative  in her investment selection, prioritizing the underlying business quality and the people running it.

When identifying opportunities, Sunny focuses on companies that are "critical but underappreciated". She specifically highlights two areas: