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Thy Neighbor's Portfolio: Word-of-Mouth Effects in the Holdings and Trades of Money Managers
Thy Neighbor's Portfolio Word-of-Mouth Effects Trades Money Managers
2014/3/18
Amutual fund manager is more likely to buy (or sell) a particular stock in any quarter if other managers in the same city are buying (or selling) that same stock. This pattern shows up even when the f...