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Some of the key points from the slides on Mohnish's portfolio strategy since 2009:
• Do not invest in anything that does not look like a 2-3x in 2-3 years.
• If a stock trades at 10, it is a pass if intrinsic value is 13 or 14 or 17 or even 19.
• There are 50,000+ publicly-traded business around the globe…You just need to find 2-4 annually that meet this criteria.
• 1st 75% of cash – minimum 2x in 2-3 years
• Next 10% of cash – minimum 3x in 2-3 years
• Next 5% of cash – minimum 4x in 2-3 years
• Next 5% of cash – minimum 5x in 2-3 years
• Last 5% of cash – more than 5x in 2-3 years