The Berkshire Archive

2012

Index Book About

Berkshire Hathaway · Year by year

2012

Annual percentage change
Measure 2012
Per-share book value of Berkshire 14.4
Market value of Berkshire 16.8
S&P 500 with dividends included 16.0
Where 2012’s change in book value came from
Where the change came from — points of per-share book value

Assets

  • Cash22.1
  • Fixed income24.8
  • Common stocks45.1
  • Financial products1.8
  • Utility, energy, rail39.0
  • Other net assets35.7

Funded by

  • Net worth100.0
  • Debt7.1
  • Insurance float38.2
  • Deferred tax float23.2
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 2012 letter The 2012 meeting

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