- Coho Capital Management, LLC is an Oregon-based investment management firm founded by Jake Rosser in 2007.
- Coho Capital returned 81% for the year compared to 18.4% for the S&P 500. We benefitted when some of our holdings, including Netflix, Amazon, Peloton and Spotify, rerated materially higher as the Covid pandemic pulled demand forward in dramatic fashion.
- To move forward, we needed to sublimate our ego and let the inputs drive the output. Thus, we made a conscious decision not to make beating the S&P 500 every year a part of our goal orientation.
- Our business is built upon a singular premise-deliver favorable risk-adjusted returns. We believe we have delivered on that premise having outperformed the S&P 500 by 229% net since inception.
For further details see:
Coho Capital Management 2020 Investor Letter