Does Anne Hathaway Control Berkshire Hathaway?

Actress' appearance in headlines might drive interest


AnneHathawayJan10 Does Anne Hathaway Control Berkshire Hathaway?Do automated trading systems mistake actress Anne Hathaway for Berkshire Hathaway (NYSE:BRK.B, BRK.A)?

At issue might be the way in which automated trading algorithms handle trades, reports Global Macro Monitor. By seeing the spike in media mentions regarding the actress — and current Oscar winner — Anne Hathaway and mistaking it for mentions of company Berkshire Hathaway, the automated systems might be bidding up the price of the company’s stock on irrelevant information.

A few years ago, the trend was first mentioned in The Atlantic. A blogger there, Alex Madrigal, noticed six instances where Berkshire Hathaway’s stock had trended up following Anne Hathaway getting significant media attention. In response to a question from The Atlantic at the time about the correlation, a software developer who sets up automated trading systems could only reply, “maybe.”

No one is saying that there’s a direct correlation between actress Hathaway making the news and Warren Buffet’s Berkshire Hathaway. But it’s possible that the programs don’t know that.

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