The Berkshire Archive

1983

Index Book About

Berkshire Hathaway · Year by year

1983

Annual percentage change
Measure 1983
Per-share book value of Berkshire 32.3
Market value of Berkshire 69.0
S&P 500 with dividends included 22.4
Where 1983’s change in book value came from
Where the change came from — points of per-share book value

Assets

  • Cash7.2
  • Fixed income18.3
  • Common stocks108.4
  • Financial products2.4
  • Other net assets18.4

Funded by

  • Net worth100.0
  • Debt11.3
  • Insurance float20.9
  • Deferred tax float17.1
  • Other float5.3
What the company was made of — percent of net worth. Every dollar of net worth carried $1.55 of assets.

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

What happened

The 1983 letter

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