Subject: Re: Value, when to buy
"Yes. I do two valuation methods. I scale each of them to get the best fit to observed 20 year price (inflation adusted). Then I take a simple average of the two scaled smoothings."

Thank you for answering my questions, Jim. I appreciate it.

One more question, if I may. Have you tried other time intervals besides 20 years, say 30 years. When plotting price against BV I got a higher trendline as of Dec '16 and higher r^2 when the time interval used was 30 years or more. This was for plots of price vs BV through Dec 2016, with starting dates of 2000, 1995, 1990... 1965.