"Man will never reach the moon regardless of all future scientific advances."
-- Dr. Lee DeForest, "Father of Radio & Grandfather of Television."
"The concept is interesting and well-formed, but in order to earn better than a 'C,'the idea must be feasible,"
-- A Yale University management professor in response to Fred Smith's paper proposing reliable overnight delivery service. (Smith went on to found Federal Express Corp.)
"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."
-- Response to Debbi Fields' idea of starting Mrs. Fields' Cookies.
"We don't like their sound, and guitar music is on the way out."
-- Decca Recording Co. rejecting the Beatles, 1962.
"Heavier-than-air flying machines are impossible."
-- Lord Kelvin, President, Royal Society, 1895.
"If I had thought about it, I wouldn't have done the experiment. The
literature was full of examples that said you can't do this."
- - Spencer Silver on the work that led to the unique adhesives for 3-M "Post-It" Notepads.
"Airplanes are interesting toys but of no military value."
-- Marechal 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.
And my second to most favorite -
"There is no reason anyone would want a computer in their home."
-- Ken Olson, president, chairman and founder of Digital Equipment Corp., 1977
But only because he turned out to be correct.
And my most favorite of all -
"Stocks have reached what looks like a permanently high plateau."
-- Irving Fisher, Professor of Economics, Yale University, 1929. Also Bill Cara, Tim Knight, Barry Ritholtz, and every other perma-bear on the net.
Always remember Rule 1