The Berkshire Archive

2019

Index Book About

Berkshire Hathaway · Year by year

2019

Annual percentage change
Measure 2019
Per-share book value of Berkshire 23.0
Market value of Berkshire 11.0
S&P 500 with dividends included 31.5
Where 2019’s change in book value came from
Where the change came from — points of per-share book value

Assets

  • Cash29.2
  • Fixed income4.4
  • Common stocks62.0
  • Utility, energy, rail23.2
  • Other net assets35.9

Funded by

  • Net worth100.0
  • Debt8.8
  • Insurance float30.2
  • Deferred tax float15.6
What the company was made of — percent of net worth. Every dollar of net worth carried $1.55 of assets.

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

What happened

The 2019 letter The 2019 meeting

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