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To some extent, stocks are like Rembrandts. They sell based on what they've sold in the past. Bonds are much more rational. No-one thinks a bond's value will soar to the moon.

Charlie Munger
Past, Moon, Thinking
Charlie Munger's comments on stocks and Rembrandts at the 2001 Berkshire Hathaway Annual Meeting, www.tilsonfunds.com. April 28, 2001.
To some extent, stocks are like Rembrandts. They sell based on what they've sold in the past. Bonds are much more rational. No-one thinks a bond's value will soar to the moon.