Finding Opportunities in companies worth less than their net cash The market often presents an opportunity for investors to purchase shares in a company valued less than their net cash value (cash and cash equivalents minus total debt). From a book value lens, these companies might look undervalued on a liquidation basis, but do they...Read More

An update on the Jenga Global Strategy 2022 was not a good year for the Jenga Global Strategy. We declined -16.42%, which was well below our benchmark, the MSCI World Index return of -7.37% in 2022. This was our first calendar year of negative returns and underperformance relative to the benchmark, quite far from our...Read More