The Berkshire Archive

1980

Index Book About

Berkshire Hathaway · Year by year

1980

Annual percentage change
Measure 1980
Per-share book value of Berkshire 19.3
Market value of Berkshire 32.8
S&P 500 with dividends included 32.3
Where 1980’s change in book value came from
Where the change came from — points of per-share book value

Assets

  • Cash13.3
  • Fixed income41.3
  • Common stocks115.6
  • Financial products13.9
  • Other net assets18.9

Funded by

  • Net worth100.0
  • Debt22.9
  • Insurance float52.1
  • Deferred tax float13.9
  • Other float14.1
What the company was made of — percent of net worth. Every dollar of net worth carried $2.03 of assets.

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

What happened

The 1980 letter

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