The Flinchum File

Thoughtful Economic Analysis and Existential Opinions
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Welcome to The Flinchum File

I am an Accredited Investment Fiduciary at Bay Capital Advisors, an investment firm headquartered in Virginia Beach, VA. After retiring from Truist Bank, I started this firm to work more closely with a smaller number of clients, and it has been great! Our client load is about 25% of the national average.

Writing is not for the shy or the meek. It exposes a person’s mind and character. I hope you enjoy the view.

Long Live 2015


As we are ruled, collectively and individually, by time, it is appropriate to mark the end of each year.  Since 1422 when French king Charles VI died and was replaced by Charles VII, the expression of “the king is dead, long live the king” has been used to assure us that the throne is never … Continue reading Long Live 2015

Advice For Your Grandchildren


I have been reading The Kiplinger Letter most of my career and appreciate its optimistic, plain-talk outlook.  They have just published a letter of advice to their grandchildren, and it is excellent.  I recommend giving it to your grandchildren.  You can find it at: 

Paying The Piper


The current president of Turkey is Recep Tayyip Erdogan.  He once said the “democracy is like a streetcar.  When you get to your stop, you get off.”  I’ve wondered about this for a long time. That quote came to mind when reading about the snap election just called in Greece.  The Greeks were arguably the … Continue reading Paying The Piper

Lessons Not Learned From TV


Other than business shows and news shows, there is little I watch on television.  However, in 2007, I became fascinated by a show on CNBC called American Greed.  It described true stories about how innocent people got cheated, usually by a financial advisor running a Ponzi scheme.  At first, I was amazed that investors didn’t … Continue reading Lessons Not Learned From TV

HO HO HO . . . NOT


Congressmen should never be allowed to decorate a Christmas tree, as they would hang or hide the most ugly and most dangerous ornaments both on and under the poor tree! As a minor example, the latest budget bill repealed limits on the number of hours a commercial trucker could work.  As someone who spends way … Continue reading HO HO HO . . . NOT

With Open Arms


Merry  Christmas           and/orHappy  Hanukkah          and/orHappy  Kwanzaa          and/orWarm  WinterFest

Your Homework Assignment


Some have described the U.S. economy as the only clean shirt in the dirty clothes hamper, meaning the rest of the world is in worse shape than we are.   True!  While I wish nothing bad on the people of Russia, their current economic woes do give me some unseemly degree of satisfaction.  And,while I … Continue reading Your Homework Assignment

Human Capital


In survey after survey, we see that the concentration of wealth in fewer people continues to increase.  The latest Pew Research study shows the net worth of the top 20% of Americans doubled from $318,000 in 1983 to $639,400 last year, while it actually dropped for the bottom 20% of Americans from $11,400 in 1983 … Continue reading Human Capital

Waiting At The Altar


Free Enterprise is the happy marriage between the economic system of capitalism and the political system of democracy.  They are a cute couple and look like they belong together, but apparently not everybody agrees. For those of us who worship at the altar of Free Enterprise, we were excited with the introduction of capitalism into … Continue reading Waiting At The Altar

Santa Cheats


Gifted and/or cursed with the “early to bed, early to rise makes a man healthy, wealthy, and wise” and/or sleepy metabolism, I get to watch the European stock markets open most every morning.  It is like watching the sun come up, where one witnesses renewal of the physical universe, only that I witness renewal of … Continue reading Santa Cheats

Replace or Repair


Conservative pundit Michael Gerson has written an excellent column about the need for compromise in Congress.  Please read: 

Crashes Are Transitory?


Back in 1980, I was doing graduate study in international finance at the University of Dallas when I took a course in the economics of energy (which is not surprising in Texas, I guess).  I learned that oil is the most competitive commodity in the world, as well as the most regulated.  Most of all, … Continue reading Crashes Are Transitory?

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