The Berkshire Archive

1975

Index Book About

Berkshire Hathaway · Year by year

1975

Annual percentage change
Measure 1975
Per-share book value of Berkshire 21.9
Market value of Berkshire 2.5
S&P 500 with dividends included 37.2
Where 1975’s change in book value came from
Where the change came from — points of per-share book value

Assets

  • Cash6.5
  • Fixed income105.1
  • Common stocks62.6
  • Financial products25.2
  • Other net assets26.1

Funded by

  • Net worth100.0
  • Debt25.9
  • Insurance float96.9
  • Deferred tax float2.7
What the company was made of — percent of net worth. Every dollar of net worth carried $2.25 of assets.

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

The 1975 letter

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