The Berkshire Archive

2013

Index Book About

Berkshire Hathaway · Year by year

2013

Annual percentage change
Measure 2013
Per-share book value of Berkshire 18.2
Market value of Berkshire 32.7
S&P 500 with dividends included 32.4
Where 2013’s change in book value came from
Where the change came from — points of per-share book value

Assets

  • Cash18.9
  • Fixed income18.3
  • Common stocks51.4
  • Financial products6.0
  • Utility, energy, rail37.2
  • Other net assets33.9

Funded by

  • Net worth100.0
  • Debt5.5
  • Insurance float34.4
  • Deferred tax float25.7
What the company was made of — percent of net worth. Every dollar of net worth carried $1.66 of assets.

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

What happened

The 2013 letter The 2013 meeting

About the archive · An Explorist Production