Some predictions that did not come true...
“There is no reason for any individual to have a computer in his home.”
- Ken Olsen, CEO of Digital Equipment Corporation, 1977
"I think there is a world market for maybe five computers."
- Thomas Watson, chairman of IBM, 1943
"We don't like their sound, and guitar music is on the way out."
- Decca Recording Co. explaining why they rejected... The Beatles, 1962
"Heavier-than-air flying machines are impossible."
- Lord Kelvin, President, Royal Society, 1895
"I have traveled the length and breadth of this country and talked with the best people, and I can assure you that data processing is a fad that won't outlast the year."
- The editor in charge of business books for Prentice Hall, 1957
"A cookie store is a bad idea. Besides, the market research reports say America likes crispy cookies, not soft and chewy cookies like you make."
- A response to Debbi Fields' idea of starting Mrs. Fields' Cookies
"Professor Goddard does not know the relation between action and reaction and the need to have something better than a vacuum against which to react. He seems to lack the basic knowledge ladled out daily in high schools."
- New York Times editorial about Robert Goddard's invention of the modern rocket engine, 1921
"It will be years - not in my time - before a woman will become Prime Minister."
- Margaret Thatcher, 1974
"640K (memory) ought to be enough for anybody."
- Bill Gates, 1981
"It doesn't matter what he does, he will never amount to anything."
- Albert Einstein's teacher to his father, 1895
"Stocks have reached what looks like a permanently high plateau."
- Irving Fisher, Professor of Economics, Yale University, October 16, 1929
(LESSON: You have a good idea? Trust yourself and start working on it.)
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