Fletcher Friday Report: August 28, 2026
I'm constantly fighting my inner fidget spinner when it comes to investing. That restless urge to tinker, adjust, and second-guess is exactly why I built Fletcher in the first place. It's a beautiful sunny day here in Nashville, and it feels like a good one for checking in on how Fletcher stacked up against the S&P 500 this week. Let's dig in.
A Quick Word on Volatility
The theme of the past few weeks has been volatility, plain and simple. Part of me wishes we could just move past it. But the more I sit with it, the more I realize the better path isn't moving past volatility — it's embracing it. Fletcher is, by design, a volatile system, and oddly enough, that's where the comfort lives. Knowing what it is lets me trust that it's going to be okay.
Every week brings new conversations with folks following along, and I appreciate every message that comes my way. If you ever want to reach out, drop me a line at info@FletcherInvestor.com.
On Charlie Munger
Before I get into this week's numbers, I want to circle back to Charlie Munger — someone I've mentioned before in these reports. I'll admit, I didn't really know much about Charlie until a couple of years ago. He was Warren Buffett's business partner at Berkshire Hathaway, and if you've ever watched old footage of their shareholder meetings on YouTube, you know Charlie didn't hold back. He said what was on his mind, and that's a big part of what draws me to him.
One line of his has really stuck with me: if you can't handle a 50% drop, you deserve a mediocre result. That quote is essentially the reason Fletcher exists. Indexes chase mediocrity by design — they smooth out the losses, but they smooth out the gains right along with them.
That idea tied directly into this week's conversation about volatility and risk, especially given the drawdown we've experienced over the past several weeks. It got me thinking about how I could get more live performance data in front of you, so I went ahead and added more of it to the website. Here's a taste of what's there now.
The Numbers
A quick note before diving in: live data has only been tracked since January 1st. Everything before that is backtesting.
- Win rate: 61% — meaning 11 of the 18 live signals so far have landed positive. (To be clear, that's just measuring positive vs. negative signals, not return on investment.)
- Average win: 64% gain
- Average loss: 12%
- Best month: January, with a 66% gain — no surprise there, since the market was on fire that month
- Worst month: July, with a 26% pullback
There's more detail available on the site, and I'll keep adding to it as I work through it. I'm also digging into deeper historical backtesting to see how Fletcher would have fared in years past — more on that as it develops.
Now, for this week's head-to-head. I'll skip my usual short-term vs. long-term speech (you've heard it plenty) and just get to it:
- This week: Fletcher is down almost 2%, while the S&P is up about half a percent
- This month (since August 1st): Fletcher is up 4%, the S&P is up 2%
- Year to date: Fletcher is up 131%, compared to roughly 13% for the S&P
- Trailing 12 months: Fletcher is up 361%, versus around 20% for the S&P
Confessions of a Fidget Spinner Investor
Here's something that's been on my mind lately — and honestly, "lately" is generous, because this has probably been true for the better part of 30 years. I'm a fidget spinner investor at heart. I feel this nervous itch to constantly tweak and adjust my portfolio, driven by a healthy dose of FOMO. I have to keep reminding myself: relax, let the market do its thing, think long term. You've heard me say it here plenty of times.
Fletcher is locked in for me — there's real comfort in that. Outside of Fletcher, I hold a handful of highly concentrated ETFs that I'm sitting on rather than actively trading. But even then, I still get pulled in by the news cycle, the trends, the YouTubers. And if I'm being fully honest, my time on Reddit doesn't do me any favors either. You've probably seen the posts — "What should I buy today for a quick win?" It's short-sighted thinking, and I have to keep reminding myself that mine isn't the short game.
There's a slightly selfish reason I'm sharing all this. Part of it is just saying it out loud — that feels like a first step toward accountability. But part of it is that I could genuinely use some encouragement. If you've felt this same pull, or if you've found a way past it, I'd love to hear from you. Let's build a little community around the idea that the long game is the real game.
After more than 30 years of investing, I know long-term thinking is the answer. But I'm still human — still influenced by daily headlines, YouTubers, and market noise. It helps enormously when someone else says, "Yep, same here. It's hard, but stay the course." That's the kind of encouragement I'm looking for, and if there's any way I can return the favor for you, please reach out.
Until Next Week
That wraps up another week for Fletcher. As a reminder, we'll be back with new signals on Tuesday. Thanks for reading, and to learn more about Fletcher, head over to FletcherInvestor.com. Have a great week.
# Fletcher Friday Report: August 28, 2026
I'm constantly fighting my inner fidget spinner when it comes to investing. That restless urge to tinker, adjust, and second-guess is exactly why I built Fletcher in the first place. It's a beautiful sunny day here in Nashille, and it feels like a good one for checking in on how Fletcher stacked up against the S&P 500 this week. Let's dig in.
### A Quick Word on Volatility
The theme of the past few weeks has been volatility, plain and simple. Part of me wishes we could just move past it. But the more I sit with it, the more I realize the better path isn't moving past volatility — it's embracing it. Fletcher is, by design, a volatile system, and oddly enough, that's where the comfort lives. Knowing what it is lets me trust that it's going to be okay.
Every week brings new conversations with folks following along, and I appreciate every message that comes my way. If you ever want to reach out, drop me a line at info@FletcherInvestor.com.
### On Charlie Munger
Before I get into this week's numbers, I want to circle back to Charlie Munger — someone I've mentioned before in these reports. I'll admit, I didn't really know much about Charlie until a couple of years ago. He was Warren Buffett's business partner at Berkshire Hathaway, and if you've ever watched old footage of their shareholder meetings on YouTube, you know Charlie didn't hold back. He said what was on his mind, and that's a big part of what draws me to him.
One line of his has really stuck with me: if you can't handle a 50% drop, you deserve a mediocre result. That quote is essentially the reason Fletcher exists. Indexes chase mediocrity by design — they smooth out the losses, but they smooth out the gains right along with them.
That idea tied directly into this week's conversation about volatility and risk, especially given the drawdown we've experienced over the past several weeks. It got me thinking about how I could get more live performance data in front of you, so I went ahead and added more of it to the website. Here's a taste of what's there now.
### The Numbers
A quick note before diving in: live data has only been tracked since January 1st. Everything before that is backtesting.
- Win rate: 61% — meaning 11 of the 18 live signals so far have landed positive. (To be clear, that's just measuring positive vs. negative signals, not return on investment.)
- Average win: 64% gain
- Average loss: 12%
- Best month: January, with a 66% gain — no surprise there, since the market was on fire that month
- Worst month: July, with a 26% pullback
There's more detail available on the site, and I'll keep adding to it as I work through it. I'm also digging into deeper historical backtesting to see how Fletcher would have fared in years past — more on that as it develops.
Now, for this week's head-to-head. I'll skip my usual short-term vs. long-term speech (you've heard it plenty) and just get to it:
- This week: Fletcher is down almost 2%, while the S&P is up about half a percent
- This month (since August 1st): Fletcher is up 4%, the S&P is up 2%
- Year to date: Fletcher is up 131%, compared to roughly 13% for the S&P
- Trailing 12 months: Fletcher is up 361%, versus around 20% for the S&P
### Confessions of a Fidget Spinner Investor
Here's something that's been on my mind lately — and honestly, "lately" is generous, because this has probably been true for the better part of 30 years. I'm a fidget spinner investor at heart. I feel this nervous itch to constantly tweak and adjust my portfolio, driven by a healthy dose of FOMO. I have to keep reminding myself: relax, let the market do its thing, think long term. You've heard me say it here plenty of times.
Fletcher is locked in for me — there's real comfort in that. Outside of Fletcher, I hold a handful of highly concentrated ETFs that I'm sitting on rather than actively trading. But even then, I still get pulled in by the news cycle, the trends, the YouTubers. And if I'm being fully honest, my time on Reddit doesn't do me any favors either. You've probably seen the posts — "What should I buy today for a quick win?" It's short-sighted thinking, and I have to keep reminding myself that mine isn't the short game.
There's a slightly selfish reason I'm sharing all this. Part of it is just saying it out loud — that feels like a first step toward accountability. But part of it is that I could genuinely use some encouragement. If you've felt this same pull, or if you've found a way past it, I'd love to hear from you. Let's build a little community around the idea that the long game is the real game.
After more than 30 years of investing, I know long-term thinking is the answer. But I'm still human — still influenced by daily headlines, YouTubers, and market noise. It helps enormously when someone else says, "Yep, same here. It's hard, but stay the course." That's the kind of encouragement I'm looking for, and if there's any way I can return the favor for you, please reach out.
### Until Next Week
That wraps up another week for Fletcher. As a reminder, we'll be back with new signals on Tuesday. Thanks for reading, and to learn more about Fletcher, head over to [FletcherInvestor.com](https://fletcherinvestor.com). Have a great week.