If done consciously, with one's own capital or openly disclosed to investors, this is a risky strategy, but appeals to some: one will want to exit the trade bef

If done consciously, with one's own capital or openly disclosed to investors, this is a risky strategy, but appeals to some: one will want to exit the trade before the rare event happens. This occurs for instance in a speculative bubble, where one purchases an asset in the expectation that it will likely go up, but may plummet, and hopes to sell the asset before the bubble bursts. This has also been referred to as "picking up pennies in front of a steamroller". http://en.wikipedia.org/wiki/Taleb_distribution#Risky_strategy http://en.wikipedia.org/wiki/Taleb_distribution#Risky_strate...