The broader term is a Martingale, any strategy where you get incrementally good returns but unpredictably catastrophic drawdowns.https://twitter.com/PeterXPark/status/1201607477051179008 …
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Yes. Weirdly, Long-Term Capital Management actually used that term when marketing to clients. One of their founders was good at magic tricks, so he'd say that and then make a coin vanish.
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