New Year’s Predictions: Part 3 (Final)


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In honor of the coming new year and people’s propensity to make predictions for the new year, I thought I would post some past predictions. Here is the third and final “batch:”

Stocks have reached what looks like a permanently high plateau.” Irving Fisher, Professor of Economics, Yale University , 1929

Airplanes are interesting toys but of no military value,” Marechel Ferdinand Foch, Professor of Strategy, Ecole Superieure de Guerre ,France

Everything that can be invented has been invented,” Charles H. Duell, Commissioner, US Office of Patents, 1899

The super computer is technologically impossible. It would take all of the water that flows over Niagara Falls to cool the heat generated by the number of vacuum tubes required.” Professor of Electrical Engineering, New York University

I don’t know what use any one could find for a machine that would make copies of documents. It certainly couldn’t be a feasible business by itself.” The head of IBM, refusing to back the idea, forcing the inventor to found Xerox (Western Union also turned the idea down)

Louis Pasteur’s theory of germs is ridiculous fiction.” Pierre Pachet, Professor of Physiology at Toulouse , 1872

The abdomen, the chest, and the brain will forever be shut from the intrusion of the wise and humane surgeon,” Sir John Eric Ericksen, British surgeon, appointed Surgeon-Extraordinary to Queen Victoria 1873

Finally, and for my co-blogger Ralph and his wife Barbara, who both heard him say this while working at DEC:

There is no reason anyone would want a computer in their home.” Ken Olson, president, chairman and founder of Digital Equipment Corp., 1977

Happy New Year whatever your predictions…


Republished with author's permission from original post.

Mitchell Goozé
Mitchell Goozé is the president and founder of Customer Manufacturing Group. His broad scope of business experience ranges from operations management in established firms, to start-up and turn-around situations and mergers. A seasoned general manager, he has headed divisions of large corporations and been CEO of independent firms, always focusing the company strategy on the most important person in business . . . the customer.


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