When Is Noise Just Noise?

In last week’s post I discussed the divergence in the bigs and the betas and tried to add some clarification on the whether or not that was a glass half full or half empty type of thing. Today, inspired by a conversation I had with a Financial Intelligence Training student and my take on what noise is, I draw some comparisons to our looming trade war and tariffs and the torture  Hurricane Irma. I think this post will help those understand what noise is and how it can turn into more meaningful implications. Knowing the how to spot the difference and more importantly how to plan for that in your financial plan can make the difference.