Thanks for those participated in a poll. In a typical bear market, stocks go down by 35% and lasts for 15 months. In recent history most are shallow (not a bear market just a sever pullback), or other extra-ordinary circumstances.
This may be a garden variety bear market. While I don’t know what future holds, there is a chance that BRK goes below $280, more towards $250, like 25% decline from the top, assuming Berkshire holds slightly better than the rest of the market.
From a long-term it may be beneficial to Berkshire, as they can buyback more shares.