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.

Wisdom From Uncle Warren


I love Warren Buffett!  He is not just another egocentric, egomaniac billionaire.  He remains humble and even makes jokes about himself.  He gives mostly excellent advice to investors.  Of course, he can sometimes confuse investors, as he did this weekend. The media coverage was that he believes passive investing is always superior to active investing. … Continue reading Wisdom From Uncle Warren

Snoozng Thru SOTU


Most of us know the simple, guilty pleasure of falling asleep during the annual State-of-the-Union (SOTU) address by the President.  These speeches are usually bombastic partisan ranting without meaning, which make the sleeping even better.  However, the next one should be worth an extra cup of coffee at dinner.  It will be different. Since the … Continue reading Snoozng Thru SOTU

Political Cancer


I’ve written many times that the cancer on the body politic of America is gerrymandering.  It is the core of the political pollution that we see daily.  It discriminates against moderate Republicans and moderate Democrats, in favor of extreme Republicans and extreme Democrats.  Moderates can compromise and accomplish things, extremists cannot. Unfortunately, the fight has … Continue reading Political Cancer

No Promise, No Expectation


I have written several times that every President since Reagan has been a failure, because each has promised to “do something” about LOUD commercials on television. Bush II and Obama both claim at least partial credit for the Commercial  Advertisement Loudness Mitigation” (CALM) Act, which theoretically limited the LOUDness of commercials to the programming before … Continue reading No Promise, No Expectation

Know Thy Custodian!


“Must-see TV” consists of only two shows for me, i.e., Fareed Zakaria’s GPS on CNN and Sixty Minutes on CBS.  Last night, I was slow finding the remote after Sixty Minutes, when some fictional show began.  Before I could cut off the TV, I heard the word “Ponzi” and was hooked.  I had to listen! … Continue reading Know Thy Custodian!

Janet’s Woes


The two primary methods of controlling the economy are monetary policy (by the Fed) and fiscal policy (by Congress).  Since the 2008/9 Global Financial Crisis, the United States has only had monetary policy to control the economy, as Congress has been worse than useless.  To the extent that our economy has recovered, we can thank … Continue reading Janet’s Woes

Needless Hypocrisy


Last time . . . The Democrats were right, and the Republicans were wrong. This time . . . The Republicans are right, and the Democrats are wrong. You will recall the summer of 2011 when the Republicans threw such a hypocritical hissy-fit about the Debt Ceiling that Standard & Poor’s actually lowered the credit … Continue reading Needless Hypocrisy

Crazies In The Senate


The difference between my children and my guns is that . . . I know how many children I have. The difference between the NRA and myself is that . . . I am a SANE gun-lover. The difference between the Senate Republicans and myself is that . . . I have a conscience! I … Continue reading Crazies In The Senate

48 Hours


During a mere 48 hours this week, the following information was released: 1.  The Small Business Optimism Index rose again in January, as it has for the last three months, driven largely by the increase in small business owners who think the next three months will be a good time to expand their business.  (This … Continue reading 48 Hours

Quick & Dirty Simplicity


Momentum investing, channel investing, trend following — all are buzzwords and/or excuses for not knowing economic pressure points or individual stocks. Addiction to these approaches stems from their quick and dirty simplicity.  Here is a good example: You can quickly see the Dow shows no indication that it is going to break out of its … Continue reading Quick & Dirty Simplicity

Look Who’s Back ?


Nobel prize-winning investment theory Modern Portfolio Theory found that performance is increased, while risk is decreased, over the long-term, if the portfolio is allocated across the many investment classes, which includes European stocks.  However, those investors who had any European exposure lost badly a few years ago and are reluctant to to embrace that hot … Continue reading Look Who’s Back ?

Slippery Slope


It happened the first Saturday after the November presidential election.  I was watching The Golf Channel, when they started talking about the impact of Trump on golf and how his election might affect play at his already-expensive golf courses.  It got me thinking about Trump, but it was Saturday, which is my “news-free” day.  I … Continue reading Slippery Slope

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