The Berkshire Archive

2023

Index Book About

Berkshire Hathaway · Year by year

2023

Annual percentage change
Measure 2023
Per-share book value of Berkshire 20.3
Market value of Berkshire 15.8
S&P 500 with dividends included 26.3
Where 2023’s change in book value came from
Where the change came from — points of per-share book value

Assets

  • Cash28.6
  • Fixed income4.2
  • Common stocks67.1
  • Utility, energy, rail25.2
  • Other net assets28.3

Funded by

  • Net worth100.0
  • Debt7.5
  • Insurance float29.6
  • Deferred tax float16.3
What the company was made of — percent of net worth. Every dollar of net worth carried $1.53 of assets.

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

What happened

The 2023 letter The 2023 meeting

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