Taleb had this to say about such products which is branded from a book with the same namesake.
Taleb said sticking with a tail-risk strategy can be psychologically challenging because payoffs, while big, are less frequent.
“If you looked at numbers over a period of time -- six, seven, eight years -- there’s much higher return,” Taleb said. “But if you watch a trader in any given year, he looks like an idiot. No trader wants to feel like he’s an idiot.”
I like Taleb. He calls a spade a spade. Doesn't minces his words.
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