The Berkshire Archive

2011

Index Book About

Berkshire Hathaway · Year by year

2011

Annual percentage change
Measure 2011
Per-share book value of Berkshire 4.6
Market value of Berkshire (4.7)
S&P 500 with dividends included 2.1
Where 2011’s change in book value came from
Where the change came from — points of per-share book value

Assets

  • Cash19.8
  • Fixed income26.2
  • Common stocks45.0
  • Utility, energy, rail42.5
  • Other net assets39.1

Funded by

  • Net worth100.0
  • Debt8.2
  • Insurance float41.8
  • Deferred tax float22.4
  • Financial products0.3
What the company was made of — percent of net worth. Every dollar of net worth carried $1.73 of assets.

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

What happened

The 2011 letter The 2011 meeting

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