The Berkshire Archive

1993

Index Book About

Berkshire Hathaway · Year by year

1993

Annual percentage change
Measure 1993
Per-share book value of Berkshire 14.3
Market value of Berkshire 38.9
S&P 500 with dividends included 10.1
Where 1993’s change in book value came from
Where the change came from — points of per-share book value

Assets

  • Cash17.1
  • Fixed income20.0
  • Common stocks118.0
  • Financial products1.4
  • Other net assets7.1

Funded by

  • Net worth100.0
  • Debt9.2
  • Insurance float28.6
  • Deferred tax float25.8
What the company was made of — percent of net worth. Every dollar of net worth carried $1.64 of assets.

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

What happened

The 1993 letter

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