Tuesday, 8 November 2011

Overconfidence among experts


Almost all of us have tendency to be overconfident. It is funny to learn that even top experts in the world were saying the following statements!

“A severe depression like that of 1920 - 1921 is simply outside the range of possibility!”
Harvard Economic Society - Weekly Letter - 16 November 1929

“Don’t worry. They couldn’t hit an elephant at this dist…”
The last words of General J.B. Sedgwick - American Civil War, 1876

“This actor does not have the presidential look!”
A United Artists executive rejecting Ronald Reagan to play the role of the president in ‘The Best Man’

“Heavier-than-air flying machines are simply impossible! Radio has no future. X-rays will prove a hoax.”
Lord Kelvin - British mathematician and physicist, 1899

NEVER SAY NEVER, or how tomorrow’s technology caught out the experts!

“Drill into the ground to try to find oil? You’re crazy.”
Workers to railroad conductor Edwin Drake who drilled the first US oil field, 1859

“Television will not last. People will get tired of staring at a plywood box every night.”
Daryll Zanuck, 20th Centruy Fox producer, 1946

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

“Who the hell wants to hear actors talk?”
Warner Bros, 1927

“I think there is a world market for maybe five computers.”
Thomas Watson, chairman of the board of IBM, 1943

“The bomb will never go off. I speak as an expert in explosives.”
Admiral William Leahy, US Atomic Bomb Projects

“This telephone has too many shortcomings to be seriously considered as a means of communication.”
Western Union, 1876

No comments: