The Berkshire Archive

1996

Index Book About

Berkshire Hathaway · Year by year

1996

Annual percentage change
Measure 1996
Per-share book value of Berkshire 31.8
Market value of Berkshire 6.2
S&P 500 with dividends included 23.0
Where 1996’s change in book value came from
Where the change came from — points of per-share book value

Assets

  • Cash5.6
  • Fixed income27.1
  • Common stocks116.8
  • Financial products0.5
  • Other net assets15.6

Funded by

  • Net worth100.0
  • Debt8.2
  • Insurance float28.6
  • Deferred tax float28.8
What the company was made of — percent of net worth. Every dollar of net worth carried $1.66 of assets.

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

What happened

The 1996 letter The 1996 meeting

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