The Berkshire Archive

2018

Index Book About

Berkshire Hathaway · Year by year

2018

Annual percentage change
Measure 2018
Per-share book value of Berkshire 0.4
Market value of Berkshire 2.8
S&P 500 with dividends included (4.4)
Where 2018’s change in book value came from
Where the change came from — points of per-share book value

Assets

  • Cash31.0
  • Fixed income5.6
  • Common stocks53.9
  • Utility, energy, rail26.7
  • Other net assets42.1

Funded by

  • Net worth100.0
  • Debt9.9
  • Insurance float34.8
  • Deferred tax float14.6
What the company was made of — percent of net worth. Every dollar of net worth carried $1.59 of assets.

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

What happened

The 2018 letter The 2018 meeting

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