The Berkshire Archive

1970

Index Book About

Berkshire Hathaway · Year by year

1970

Annual percentage change
Measure 1970
Per-share book value of Berkshire 12.0
Market value of Berkshire (4.6)
S&P 500 with dividends included 3.9
Where 1970’s change in book value came from
Where the change came from — points of per-share book value

Assets

  • Cash4.4
  • Fixed income107.9
  • Common stocks21.0
  • Financial products40.7
  • Other net assets24.8

Funded by

  • Net worth100.0
  • Debt12.1
  • Insurance float81.5
  • Deferred tax float5.2
What the company was made of — percent of net worth. Every dollar of net worth carried $1.99 of assets.

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

The 1970 letter

About the archive · An Explorist Production