ThreeBears_DallE_Jon_12Apr2026_InsideCropped_Text_200by188_DVR
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convergence
[long_equity_returns] [convergence]

As a ratio, how does {DVR_final} converge to {MVR_final}? The two static charts for equities indicate that the results over periods of 15 years are somewhat more comfortable than over periods of 10 years, hardly a surprise. However, HOW the DVR converges to MVR leads us to “efficiency”.