The Berkshire Archive

2009

Index Book About

Berkshire Hathaway · Year by year

2009

Annual percentage change
Measure 2009
Per-share book value of Berkshire 19.8
Market value of Berkshire 2.7
S&P 500 with dividends included 26.5
Where 2009’s change in book value came from
Where the change came from — points of per-share book value

Assets

  • Cash20.6
  • Fixed income45.3
  • Common stocks41.7
  • Financial products1.9
  • Utility, energy, rail14.2
  • Other net assets38.8

Funded by

  • Net worth100.0
  • Debt2.7
  • Insurance float45.6
  • Deferred tax float14.2
What the company was made of — percent of net worth. Every dollar of net worth carried $1.62 of assets.

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

The 2009 letter The 2009 meeting

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