“Remain calm, all is well.”
–Kevin Bacon, “Animal House”
History is littered with very smart people saying very stupid things.
Here are some examples of quotes that their authors would like to take back:
* Irving Fisher (economics professor at Yale University in 1929): ” Stocks have reached what looks like a permanently high plateau.”
* Albert Einstein: “There is not the slightest indication that nuclear energy will ever be obtainable. It would mean that the atom would have to be shattered at will.”
* The president of Michigan Savings Bank urging Henry Ford not to invest in The Ford Motor Company: “The horse is here to stay but the automobile is a novelty, a fad.”
* Ken Olsen (president of Digital Equipment and MIT graduate): “There is no reason for any individual to have a computer in their home.”
* Tom Watson, IBM chairman (1943): “I think there is a world market for maybe five computers.”
* Bill Gates (2004): “Two years from now spam will be solved.”
* You Tube Founder Steve Chen: “(I am worried that) there’s just not that many videos people want to watch.”
* Robert Metcalfe (inventor of ethernet): “I predict the Internet will soon go spectacularly supernova and in 1996 catastrophically collapse.”
This post was published at Zero Hedge on Jun 29, 2017.
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