The Berkshire Archive

1984

Index Book About

Berkshire Hathaway · Year by year

1984

Annual percentage change
Measure 1984
Per-share book value of Berkshire 13.6
Market value of Berkshire (2.7)
S&P 500 with dividends included 6.1
Where 1984’s change in book value came from
Where the change came from — points of per-share book value

Assets

  • Cash13.4
  • Fixed income23.5
  • Common stocks95.5
  • Financial products2.5
  • Other net assets12.1

Funded by

  • Net worth100.0
  • Debt9.8
  • Insurance float18.9
  • Deferred tax float13.8
  • Other float4.6
What the company was made of — percent of net worth. Every dollar of net worth carried $1.47 of assets.

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

The 1984 letter

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