Think about some of the «greatest trades ever `, most were asymmetric bets in terms of risk / reward. (wexboy.wordpress.com)
Klarman is talking about asymmetric bets — where the upside is higher than the downside — that arise from inefficiencies in the market. (novelinvestor.com)
In other words, Klarman makes asymmetric bets, where the down side is much less than the upside potential. (sleepycapital.com)