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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Replying to @ByrneHobart
synonymous with "picking up pennies in front of the steam roller", yes?
1 reply 0 retweets 2 likes -
Replying to @MorlockP
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.
2 replies 0 retweets 1 like
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