Queens Road Small Cap Value PM Steve Scruggs, CFA, discusses how this bear market was different than the last one, some new companies that were added during the pandemic panic, and how he’s processing future macroeconomic concerns.
“Out of curiosity, we even looked at cruise lines. We’ve never owned them before and concluded that we never will.”
A self-proclaimed “project guy,” Steve Scruggs likes to build things. A few years ago it was a canoe. He fashioned a hunting knife from scratch. Then there was the stand-up paddleboard. “I like rolling up my sleeves and digging in to figure something out,” he says.