The Triumph of Data-Mining

What drives the price of Berkshire Hathaway (BRKA)? Some say it might have something to do with cash flow and earnings. Well, that’s one school of thought.

Dan Mirvish suggests it’s news on…Anne Hathaway:

On the Friday before the Oscars, Berkshire shares rose a whopping 2.02%. And on the Monday just after the Academy Awards, they rose again, this time 2.94%. But it’s not just an Oscar bounce, or something Warren Buffett may have said in the newspaper, or even necessarily something the company itself is doing (i.e. rumors afoot to buy Costco). Just look back at some other landmark dates in Anne Hathaway’s still young career:

Oct. 3, 2008 – Rachel Getting Married opens: BRK.A up .44%
Jan. 5, 2009 – Bride Wars opens: BRK.A up 2.61%
Feb. 8, 2010 – Valentine’s Day opens: BRK.A up 1.01%
March 5, 2010 – Alice in Wonderland opens: BRK.A up .74%
Nov. 24, 2010 – Love and Other Drugs opens: BRK.A up 1.62%
Nov. 29, 2010 – Anne announced as co-host of the Oscars: BRK.A up .25%

Hmmm. Could be. I’ve read worse ideas.

Posted by on March 21st, 2011 at 7:17 am


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