Buying Zoom (ZM) because Zoom is awesome.

In the corporate world everybody HATES Skype for conference calls and LOVES Zoom (ZM). In fact, ZM is so good that at Dell Technologies, where I work, we have recently done the unthinkable: a mostly Microsoft shop (MSFT owns Skype), we have switched to ZM. And that fact right there, that's why, despite ZM's nosebleed price, I bought shares.

When ZM's price falls materially in the coming year, as I imagine it will, I will double down, and then I will just sit tight for at least 5 years. Why not wait for the price to fall if I'm so sure it will? Because by owning shares now I will be watching ZM more closely and better able to spot the dips when they occur.

Conference calls are the lifeblood of corporate America, and demand will only increase with population and an ever more mobile workforce and ZM will rule the roost. Either it goes up 5X from here in 10 years, or it doubles as the result of being acquired. That's my bet.