Sold ZM at $59.03 for a 5% loss

I think an important part of investing (and life) is to be able to admit when we're wrong. Or at least when we made a bad decision.

I love Zoom's business but I like many others think it's too expensive and the risk/reward is not worth it at this point.

I am confident I'll own shares at some point, but will wait for some volatility either in the market or in ZM individually to buy.

There are a lot of other great businesses with a bit slower growth but much lower Price to Sales ratios.

Keeping the proceeds in cash for now to see if we get that volatility soon.

Best,

Austin