The Berkshire Archive

1967

Index Book About

Berkshire Hathaway · Year by year

1967

Annual percentage change
Measure 1967
Per-share book value of Berkshire 11.0
Market value of Berkshire 13.3
S&P 500 with dividends included 30.9
Where 1967’s change in book value came from
Where the change came from — points of per-share book value

Assets

  • Cash2.6
  • Fixed income82.0
  • Common stocks35.5
  • Other net assets62.1

Funded by

  • Net worth100.0
  • Debt8.3
  • Insurance float63.1
  • Deferred tax float10.8
What the company was made of — percent of net worth. Every dollar of net worth carried $1.82 of assets.

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

What happened

The 1967 letter

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