Subject: Re: Value, when to buy
As an example, here is the list of IV estimates that I found for Dec 31, 2012. The document shows a histogram of the estimates as well as a table showing the sources. BV as of Dec 31, 2012 was $114,214, so the average IV estimate of $175K corresponded to 1.53x Dec 31 BV.

https://drive.google.com/open?...