The Berkshire Archive

1965

Index Book About

Berkshire Hathaway · Year by year

1965

Annual percentage change
Measure 1965
Per-share book value of Berkshire 23.8
Market value of Berkshire 49.5
S&P 500 with dividends included 10.0
Where 1965’s change in book value came from
Where the change came from — points of per-share book value

Assets

  • Cash13.8
  • Common stocks1.2
  • Other net assets85.0

Funded by

  • Net worth100.0
What the company was made of — percent of net worth. Every dollar of net worth carried $1.00 of assets.

Note: figures in parentheses are losses. Source: Berkshire Hathaway annual reports.

What happened

The 1965 letter

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