To justify my own vulnerability, I looked at what I thought were a few of the least accurate predictions in the annals of American business history — made by some of the smartest people around. Here are a few examples:
• Legendary inventor Thomas Edison dismissed radio as a “craze that will die out in time.”
• When asked what he thought of the telephone, President Rutherford B. Hayes asked: “Who would ever want to use one?”
• The Supreme Commander of the Allied Forces in World War I, Ferdinand Foch, saw “no military value” in airplanes.
• IBM’s former chairman Tom Watson predicted a world market for “maybe five computers.”
Now I don’t feel as bad as I might have about my prediction 10 years ago that by 2011 New York would lead the way in flying cars!!!!
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