Long-Term Investing in Structural Change
About.
Andy Hamer is a American-German investor focused on structural transformation in business and markets. He is the Founder and Managing Partner of Beira Mar Capital, a concentrated public equity investment platform, and advises venture-backed startups on strategic finance and capital strategy.
As an investor, Andy has built a track record identifying businesses at inflection points, making early investments in Lemonade, Tesla, Ubiquiti Networks, and WWE when each was controversial or misunderstood, but positioned for long-term structural growth.
His career spans public markets investing, investment banking, and operating roles at high-growth companies.
Andy writes The Future of Investing, a monthly memo exploring how structural shifts, from technological change to demographic trends to evolving business models, reshape markets and create investment opportunity. His writing bridges fundamental investment analysis with forward-looking perspective on innovation, competition, and value creation.
What I Think About.
Structural transformation over extrapolation. The most interesting investment opportunities emerge when industries undergo fundamental change, not incremental improvement, but wholesale reimagining of how value is created and captured. This happened with insurance (Lemonade), networking infrastructure (Ubiquiti), sports entertainment (WWE), and transportation (Tesla). The pattern repeats across industries: incumbents optimize for the present while insurgents build for a different future.
The gap between perception and reality. Markets are reasonably efficient at pricing known information but systematically misprice structural change, particularly when that change challenges prevailing assumptions or requires longer time horizons than most investors tolerate. The best opportunities exist where consensus understanding lags fundamental reality.
Long-term optimism, near-term patience. Technology compounds, businesses improve, and human ingenuity drives progress. But meaningful value creation takes time to materialize and longer to be recognized. The willingness to be early and to look wrong while a thesis develops is essential but uncomfortable.
Capital allocation as competitive advantage. How companies deploy capital matters as much as what markets they operate in. The best businesses generate strong cash flow and reinvest intelligently, compounding returns through disciplined allocation rather than empire building or financial engineering.
Investing.
Andy invests primarily in public equities through Beira Mar Capital, focusing on businesses with durable competitive advantages where market perception meaningfully undervalues long-term potential. His approach emphasizes concentrated positioning, extensive fundamental research, and willingness to hold through volatility while a thesis develops.
He also makes selective private investments in early-stage companies where he sees compelling founder vision and structural opportunity. Whether public or private, the framework remains consistent: understanding the business deeply, having conviction in long-term value creation, and allowing time and compounding to drive returns.
Advisory.
Andy works with a limited number of venture-backed startups on strategic finance, from seed through Series B. The work combines his investor perspective with operating experience, helping founders think through capital strategy, fundraising, financial operations, and U.S. market expansion.
This advisory work serves dual purposes: helping build better companies and maintaining direct exposure to how businesses actually operate, which makes him a better investor.
Writing.
The Future of Investing is Andy's monthly memo exploring the intersection of markets, innovation, and long-term value creation.
Recent topics include:
The Ownership Edge - How Management Skin in the Game Matters
The Crazy Ones - How to Identify a 100x Investment in the Stock Market
The memos are written for investors, founders, and anyone interested in understanding how structural change creates opportunity. They blend fundamental business analysis with perspective on emerging trends practical insights grounded in real investing experience.
Speaking & Media.
Andy is available for speaking engagements and media commentary on:
Long-term investing and identifying structural opportunities
Public markets analysis and business model transformation
Venture-backed startup strategy and capital formation
Cross-border business and U.S. market entry for international startups
The intersection of technology, business models, and value creation
Philanthropy.
Beyond investing, Andy supports causes aligned with his values, particularly organizations focused on girls' education and women's economic empowerment. He believes education, especially for girls in underserved regions, is among the most effective interventions for creating opportunity and breaking cycles of poverty.
He also supports animal rights organizations working to protect endangered species and preserve biodiversity. These commitments reflect personal conviction about compassion, stewardship, and using resources to support a more equitable world.