About Me

< Me, AKA “the Halfwit”

Before you get reading, check out the company I work for, Tiny Capital.

We are active buyers of businesses, so if you, or someone you know, is interested in selling their business, get in touch.

The name’s Owen Hofmeyr, I’m 27-years old, and I hail from Victoria, a small city in British Columbia, Canada.

It may surprise you to hear this, but I purchased my first stock on June 5th, 2017. That same day, I made another purchase: One Up on Wall Street, by Peter Lynch. The reading experience can’t be explained in any better way, other than it was like waking up for the first time.

I had no idea that the investment process was the intellectually stimulating beauty it is, and, upon realizing it, I became lovingly consumed.

I don’t have a background in business. In fact, I’ve never taken a business class in my life, and I probably never will. My background is in philosophy and political science.

I can see you’re skeptical. That’s all right, I get it. I also assumed that investing entailed mathematical wizardry and business credentials before I started reading the literature. In reality, all the math one needs to invest intelligently is no more advanced than grade four, and anyone who says otherwise is deluding themselves. As for the business-savvy, that comes from an eagerness to learn.

If you don’t believe me, I’ll leave it to the practitioners to tell you otherwise.

Speaking of “the practitioners,” here’s all the books that I’ve read since I started my journey, many of which I’ve re-read several times each:

– One Up on Wall Street, by Peter Lynch
– Beating the Street, by Peter Lynch
– The Intelligent Investor, 1949, by Benjamin Graham
– The Intelligent Investor, 2006, by Benjamin Graham
– Security Analysis, 1934, by Benjamin Graham
– Buffettology, by Mary Buffett
– The Essays of Warren Buffett, by Lawrence A. Cunningham
– You Can Be a Stock Market Genius, by Joel Greenblatt
– The Little Book That Beats the Market, by Joel Greenblatt
– Deep Value, by Tobias E. Carlisle
– The Acquirer’s Multiple, by Tobias E. Carlisle
– The Warren Buffett Way, by Robert G. Hagstrom
– The Most Important Thing, by Howard Marks
– Value Investing: From Graham to Buffett and Beyond, by Bruce C.N. Greenwald
– The Education of a Value Investor, by Guy Spier
– The Dhandho Investor, by Mohnish Pabrai
– The Manual of Ideas, by John Mihaljevic
– Common Stocks and Uncommon Profits, by Philip A. Fisher
– The Warren Buffett Accounting Book, by Stig Broderson and Preston Pysh
– Market Wizards, by Jack D. Schwager
– Poor Charlie’s Almanack, by Charlie T. Munger, edited by Peter D. Kaufman (saved the best for last)

A few life-enriching books:

– The Richest Man in Babylon, by George S. Clason
– Meditations, by Marcus Aurelius,
– Man’s Search for Meaning, by Viktor E. Frankl
– The Will to Meaning, by Viktor E. Frankl

And all the books that I’m currently reading, or own but am yet to read:

– Distressed Debt Analysis, by Stephen Moyer (worth every penny!)
– Principles, by Ray Dalio
– Common Stocks and Common Sense, by Edgar Wachenheim III
– Fooled by Randomness, by Nassim N. Taleb
– The Art of Distressed M&A: Buying, Selling, and Financing Troubled and Insolvent Companies, by Peter H. Nevsold, Jeffrey Anapolsky, and Alexandra Reed Lajoux
– King Icahn, by Mark Stevens
– Dear Chairman, by Jeff Gramm
– Charlie Munger: the Complete Investor, by Tren Griffin
– The Clash of the Cultures, by John C. Bogle
– Bull!, by Maggie Mahar
– Fortunes in Special Situations, by Maurice Schiller
– Buffett: The Making of an American Capitalist, by Roger Lowenstein
– Stress Test, by Timothy F. Geithner
– Warren Buffett’s Ground Rules, by Jeremy C. Miller

During the time that I read the wonderful books mentioned, I created this blog, wrote a book on the mistakes I made during my first-year investing (set to be released in the first half of 2019), developed emotional control, and, most importantly, made a lot of wonderful friends in the process.

Here’s the fun part: my primary driver isn’t wealth. As you’ll find in my 2018 interim report, I’m driven by meaning.

Not long ago, I was at a low point. Before I hit that point, I was convinced that things like prestige, wealth, and public adoration actually mattered. One day I woke up, and I realized that my life revolved around little that I personally enjoyed. As a result, I plunged into existential crisis (a good twenty years early to boot!). It was during recovery that I discovered the wonderful world of investing, much to my luck. I also discovered what I believe to be the two things that matter most in life:

1. How well one live’s in accordance with themselves, and pursues that which they find most meaningful.
2. The quality of one’s relationships with others.

I highly doubt I’m going to be thinking “I’m so happy I have X amount of dollars” when I’m on my deathbed. Rather, I’ll probably be thinking about how much I’ve enjoyed a life fulfilled by the pursuit of meaningful work that I enjoy, and how lucky I am to have spent my life in the company of admirable and loving people. Material wealth and status are not contingent on the aforementioned.

So that’s it: it’s my love for the investment process, with all its psychologically counter-intuitive awesomeness, that drives me. 

As for my process of analysis, here’s an 8,500 word tome on it.

And here’s the abridged version:

Anything can be a good investment if the price is right.

To close, know that I created this website to provide, someday, a place for my own investors to read about my evolution as a person and investor, which is why I divulge everything on it, personal and all. And, as it pertains specifically to my investment ideas, don’t be surprised if I post infrequently. I’ll only write about a company if it either (a) helps better explain my investing mind, (b) there’s a valuable lesson to be shared, or (c) I think it’s attractive as a prospective investment.

I have no interest in posting mediocre content to drive traffic.

Furthermore, everything I post on this website expresses my personal opinion, and shouldn’t be confused with financial advice. How you use the content on this site is at your own risk. Mistakes, purchases, and dispositions will seldom be accounted for outside of interim and annual reports.

What I’m trying to say is:

“Don’t trust anyone over thirty. Don’t trust anyone thirty and under.”
– Joel Greenblatt

That’s all I got folks. It ain’t Shakespeare, but it’s honest. I hope you enjoy the site, and I wish you the best of health and luck.

Owen R. Hofmeyr

Disclaimer: The information provided in this article expresses my own opinions and should not replace financial advice provided by a certified financial professional, nor does it reflect the views of Tiny Capital. Please seek certified professional advice for all investment-related matters.