POST OF THE DAY
Berkshire Hathaway
The Power of Predictions

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By csbojlesen
November 7, 2003

Posts selected for this feature rarely stand alone. They are usually a part of an ongoing thread, and are out of context when presented here. The material should be read in that light. How are these posts selected? Click here to find out and nominate a post yourself!

When trying to wild guess the future, remember...

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

"The concept is interesting and well-formed, but in order to earn better than a 'C', the idea must be feasible."
- A Yale Management professor in response to student Fred Smith's paper proposing reliable overnight delivery service (Smith went on to found Federal Express Corp.)

"I think there is a world market for maybe five computers."
- Thomas Watson (1874-1956), Chairman of IBM, 1943

"Who the hell wants to hear actors talk?"
- H. M. Warner (1881-1958), founder of Warner Brothers, in 1927

"We don't like their sound, and guitar music is on the way out."
- Decca Recording Co. rejecting the Beatles, 1962

"Everything that can be invented has been invented."
- Charles H. Duell, Commissioner, U.S. Office of Patents, 1899


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