The Berkshire Archive

1982

Index Book About

Berkshire Hathaway · Year by year

1982

Annual percentage change
Measure 1982
Per-share book value of Berkshire 40.0
Market value of Berkshire 38.4
S&P 500 with dividends included 21.4
Where 1982’s change in book value came from
Where the change came from — points of per-share book value

Assets

  • Cash7.3
  • Fixed income23.2
  • Common stocks112.9
  • Financial products9.3
  • Other net assets17.0

Funded by

  • Net worth100.0
  • Debt16.9
  • Insurance float27.1
  • Deferred tax float18.4
  • Other float7.4
What the company was made of — percent of net worth. Every dollar of net worth carried $1.70 of assets.

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

What happened

The 1982 letter

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