Commentary I like to think of myself as an optimist. My glass is always half full. (Naturally, with a drop or two of healthy skepticism built in.) But optimistic nonetheless. That optimism generally applies to my view of the markets as well. In fact, the worse the news, the more optimistic I tend to be. For example, when entire sectors of a market melt down, it’s almost always a lock that there is some really good “baby” value that got flushed with the bad news “bathwater.” Poking through the rubble of a collapsed sector will often yield at least a couple solid companies where you can invest and expect better than reasonable returns. Recent news from one sector, however, has things looking particularly grim—the cruise industry. The High Seas Aren’t so High Anymore The year 2019 was a banner year for the industry with revenues exceeding $40 billion while serving …