We analyze the impact of price trends on trading decisions of more than 40, 000 households with accounts at a major discount brokerage house. Buying and selling decisions of investors in our sample are influenced by short-term (less than 3 months) price trends. By comparing the observed distributions of average trend before buys and average trend before sells with the average trend distribution...

In today’s lending environment, cross-sell has become a way of life for most consumer lenders. Moving from a silo-product mentality to a consultative selling approach to help the customer with a variety of needs has resulted in a proliferation of cross-sell initiatives. While crosssell efforts appear widespread, many bankers and lenders are not effectively executing, which results in low cross-...

An intriguing observation in the US mutual fund industry is that most equity funds do not short sell, even though virtually all regulatory restrictions on selling were lifted by 1997. We shed light this puzzle conducting first systematic analysis of long-short funds’ portfolio compositions, performance, and capital flows. Our results reveal that: 1) hold substantially more cash than their long-...