: Bad Predictions.



billc83
12-09-10, 07:34 PM
This list was not compiled by me, but I hope you find some sort of lesson:

"This 'telephone' has too many shortcomings to be seriously considered as a means of communication. The device is inherently of no value to us."
Western Union, 1878

"Everything that can be invented has been invented."
Charles H. Duell, an official at the US patent office, 1899

"Man will not fly for 50 years."
Wilbur Wright, 1901

"The horse is here to stay, but the automobile is only a novelty - a fad."
President of the Michigan Savings Bank advising Horace Rackham (Henry Ford's lawyer) not to invest in the Ford Motor Company in 1903. Rackham ignored the advice and bought $5,000 worth of stock. He sold it several years later for $12,500,000!

"The automobile has practically reached the limit of its development."
Scientific American, 1909

"Gasoline engines will soon be rendered obsolete."
Thomas A. Edison, 1910

"The radio isn't even worthy of discussion."
Pittsburgh newspaper, 1920

"Talking films are a very interesting invention, but I do not believe they will remain long in fashion."
Louis-Jean Lumiere (co-inventor of the first film projector), 1929

"A severe depression like that of 1920-21 is outside the range of probability."
Harvard Economic Society's Weekly Letter, published November 16, 1929. The Letter ceased publication in 1931, broke because of The Great Depression.

"The Depression is over .... improvement will set in during the Spring months."
Herbert Hoover; January, 1930

"No Civil War picture has ever made a nickel."
Irving Thalberg, MGM Studios (who turned down 'Gone With The Wind'), 1938

"The Glider Train, consisting of one tow plane and three or more gliders is now a tested reality. Tomorrow, it will carry mail and fast freight to every point on the globe, revolutionizing transportation."
Forbes Magazine, 1942

"Television won't last because people will soon get tired of staring at a plywood box every night."
Darryl Zanuck, 20th Century Fox, 1946

"In the future, computers will have only 1,000 vacuum tubes and, perhaps, only weigh one and one-half tons."
Popular Mechanics, 1949

"I never met any guitar player who was worth a damn."
Vernon Presley, providing career advice to his son, Elvis, 1953

"Nuclear-powered vacuum cleaners will probably be a reality in 10 years."
Alex Lewyt, president of vacuum cleaner company, Lewyt Corp., 1955

"The biggest no-talent I ever worked with."
Paul Cohen, Decca Records (after firing Buddy Holly), 1956

"Castro will last a year. No longer."
Fulgencio Batista (deposed by Fidel Castro), 1959

"With over fifteen types of foreign cars already on sale here, the Japanese auto industry isnít likely to carve out a big share of the market for itself."
Business Week, 1968

"No woman in my time will ever be Prime Minister of Great Britain."
Margaret Thatcher, 1970 (she became Prime Minister in 1979)

"There is no reason for any individual to have a personal computer in their home."
Ken Olsen, President, Digital Equipment Corp., 1980

"By 2005 or so, it will become clear that the Internet's impact on the economy has been no greater than the fax machine's."
Paul Krugman, New York Times economist, 1998

So there you go.

MauiV
12-09-10, 08:35 PM
"The Glider Train, consisting of one tow plane and three or more gliders is now a tested reality. Tomorrow, it will carry mail and fast freight to every point on the globe, revolutionizing transportation."
Forbes Magazine, 1942

Fred Smith was paying attention though

RippyPartsDept
12-09-10, 09:02 PM
Wilbur Wright sounds like Steve Jobs... (always downplay what you're working on for your next big thing)

Playdrv4me
12-09-10, 09:16 PM
Gasoline engines will soon be rendered obsolete

This is actually surprisingly overdue.


"In the future, computers will have only 1,000 vacuum tubes and, perhaps, only weigh one and one-half tons."

Reasonable expectation until the age of the transistor.