The Berkshire Archive

2005

Index Book About

Berkshire Hathaway · Year by year

2005

Annual percentage change
Measure 2005
Per-share book value of Berkshire 6.4
Market value of Berkshire 0.8
S&P 500 with dividends included 4.9
Where 2005’s change in book value came from
Where the change came from — points of per-share book value

Assets

  • Cash43.6
  • Fixed income30.6
  • Common stocks50.3
  • Financial products4.6
  • Utility, energy, rail6.6
  • Other net assets32.5

Funded by

  • Net worth100.0
  • Debt3.9
  • Insurance float49.6
  • Deferred tax float14.7
What the company was made of — percent of net worth. Every dollar of net worth carried $1.68 of assets.

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

The 2005 letter The 2005 meeting

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