IN HINDSIGHT – FOOLISH PREDICTIONS
The human factor often makes fools of those who too confidently make predictions. The following are just a few examples of experts who were sure about their pessimistic predictions:
“This telephone has too many shortcomings to be considered as a means of communication,” said the president of Western Union in 1876. “The device is of inherently no value to us.”
The president of Michigan Savings Banks advised Henry Ford’s lawyer not to invest in the Ford Motor Co. because, he said, “The horse is here to stay, the automobile is a novelty.
In 1929, Yale economist Irving Fisher said, “Stock prices have reached what looks like a permanently high plateau.” Two weeks later, the stock market crashed.
Darryl Zanuck observed, in 1946, “Television won’t last because people will soon get tired of staring at a plywood box every night.”
“We will bury you,” predicted Nikita Kruschev in 1958.
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- Published:
- 07.23.21 3:12
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