The Berkshire Archive

1990

Index Book About

Berkshire Hathaway · Year by year

1990

Annual percentage change
Measure 1990
Per-share book value of Berkshire 7.4
Market value of Berkshire (23.1)
S&P 500 with dividends included (3.1)
Where 1990’s change in book value came from
Where the change came from — points of per-share book value

Assets

  • Cash4.6
  • Fixed income56.9
  • Common stocks105.7
  • Financial products1.3
  • Other net assets5.0

Funded by

  • Net worth100.0
  • Debt23.0
  • Insurance float30.3
  • Deferred tax float20.2
What the company was made of — percent of net worth. Every dollar of net worth carried $1.74 of assets.

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

What happened

The 1990 letter

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