Klarman is talking
about asymmetric bets — where the upside is higher than the downside — that arise from inefficiencies in the market.
Not exact matches
Think
about some of the «greatest trades ever `, most were
asymmetric bets in terms of risk / reward.
We can get into a long discussion
about this, but there is one simply way that macro funds (including Bridgewater) can (and do) perform: finding
asymmetric bets.