There is an extensive Wikipedia article[1] on this topic. Here's an excerpt: In economics and finance, a Taleb distribution is a returns profile that app

There is an extensive Wikipedia article[1] on this topic. Here's an excerpt: In economics and finance, a Taleb distribution is a returns profile that appears at times deceptively low-risk with steady returns, but experiences periodically catastrophic drawdowns. The general idea is that because black swans occur infrequently, their risk is significantly under priced by most people. NB: Taleb does not advocate investing using a Taleb distribution; instead he warns against that sort of investing. [1] https://en.wikipedia.org/wiki/Taleb_distribution https://en.wikipedia.org/wiki/Taleb_distribution