You have a problem with cheap watches?
From my experience, the really wealthy men don't care about ostentatious display of wealth from wearing fashion and accessories.
If they have a car, it is a sensible choice (Toyota) instead of a Lambo, Maserati, BMW etc.
Or maybe they're doing this deliberately to stave off unwanted attention.
Either way, the original point still stands: 'flashy' guys are more often than not insecure, having the need to overcompensate.