The Berkshire Archive

2008

Index Book About

Berkshire Hathaway · Year by year

2008

Annual percentage change
Measure 2008
Per-share book value of Berkshire (9.6)
Market value of Berkshire (31.8)
S&P 500 with dividends included (37.0)
Where 2008’s change in book value came from
Where the change came from — points of per-share book value

Assets

  • Cash21.4
  • Fixed income42.8
  • Common stocks43.2
  • Utility, energy, rail14.2
  • Other net assets48.7

Funded by

  • Net worth100.0
  • Debt3.8
  • Insurance float51.5
  • Deferred tax float9.0
  • Financial products5.9
What the company was made of — percent of net worth. Every dollar of net worth carried $1.70 of assets.

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

What happened

The 2008 letter The 2008 meeting

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