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.

Logically Absurd


If it is true that the best protection from a bad guy with a gun . . . is a good guy with a gun, then shouldn’t we encourage or even require good guys to carry guns? When some pathetic sicko shows up and shoots ten people on a subway platform, why didn’t nine of … Continue reading Logically Absurd

Quarterly Column


My regular quarterly column for Inside Business can be found here:

What’s In A Name ?


Bitcoin and cryptocurrencies are misnamed.  Those names give the impression that they are actual currencies and can therefore be valued the same way as traditional currencies, like the dollar, the euro, the yen, etc.  Of course, the ever-present supply & demand for the cryptocurrencies is the final determinant of their value, but it doesn’t reflect … Continue reading What’s In A Name ?

Thanks . . . Dude!


Last December, I was talking with a young financial advisor wannabe and mentioned that my goal for the new year was to become more conversant about bitcoin and other digital assets. He joked . . . “Dude, you already have grey hair and can never learn that stuff.” First, I thought a dude was a … Continue reading Thanks . . . Dude!

To My Democratic Friends


There is much to learn from the embarrassment of Russia for their poor performance against the much weaker Ukraine.  The Russians didn’t understand the “enthusiasm gap” between their conscripts or draftees, compared to the Ukrainians who were fighting for the country and their families.  Enthusiasm matters! When discussing immigration, my Democratic friends dismiss my Republican … Continue reading To My Democratic Friends

The Value of Indirect Costs


Dr. Joseph Stiglitz is a Nobel Prize winning economist, who has opened discussion on a number of interesting subjects.  One is how to measure the cost of war. There are direct costs, such as the price of bullets and other armaments, plus transportation costs of soldiers & equipment to the war zone, plus the salaries … Continue reading The Value of Indirect Costs

Complete Agreement


Economists are a cantankerous lot.  Most don’t even like each other, but there is one thing they agree on: Presidents — ALL presidents — get too much credit when things are good and too much blame when things are bad. Like aircraft carriers, the economy is huge and changes directions slowly . . . very … Continue reading Complete Agreement

Sooner or Later


If you lend me $100 and want repayment tomorrow, there is a near certainty you will get repaid.  If you lend me $100 and want repayment in 30 years, there is the additional risk that I could die, go crazy, go bankrupt, or disappear and fail to repay you.  The point is that the longer … Continue reading Sooner or Later

Appropriate Violence


My late mother always told me it was NEVER appropriate to hit a girl.  However she also said, it was okay to hit another boy, if . . .”absolutely necessary”! I am amused at the uproar over some male actor slapping another male actor at the annual Oscars award ceremony last night. Apparently, one male … Continue reading Appropriate Violence

What, Me Worry?


A few years ago, I saw an advertisement for a DNA analysis for $29.95, which I thought might be fun.  You know, spit in a vial & mail it somewhere.  It was interesting.  Who ever suspected I was 1% African??  Later, I learned the company was sold to the Chinese, who now have my DNA.  … Continue reading What, Me Worry?

Damn Shame!


Blackrock is the world’s largest money manager, managing well over ten trillion dollars of other people’s money.  The longtime CEO is Larry Fink.  He is both important and very self-important, but I would not drink beer with him. This week, he made news, when he declared globalization killed by Putin’s war on Ukraine.  He is … Continue reading Damn Shame!

Walking Among Giants


During that period between my retirement from the bank and my eligibility for Medicare, I looked to the Veterans Administration for my health care.  After they verified my eligibility, I was told I was a Group 3 veteran.  That’s nice, I thought, but what was a Group 3 veteran? I learned Group 3 vets have … Continue reading Walking Among Giants

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