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They found that popularity was by far the dominant effect: whether a stock was popular was more important when determining its return than whether it was volatile.
It was volatile in the community.
The only reason opinion moved at such speed was because it was volatile in the first place.
Steven Berkenfeld, a former in-house Lehman lawyer now with Barclays, told the judge that there was "unimaginable chaos" at the time of the deal and that it was volatile markets, rather than the deal itself, that caused Lehman to incur a $5bn loss on its securities book.
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"It is volatile.
It's volatile.
It is volatile and is usually lost through the years.
The bad thing is that it is volatile.
The stuff about race is in there, and it is volatile.
"New York isn't a setting to me: it's life, it's volatile, it changes from generation to generation.
Unlike oil, it's volatile.
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CEO of Professional Science Editing for Scientists @ prosciediting.com