• Marshal Ferdinand Foch in 1911: “Airplanes are interesting toys, but they have no military value.”
• Business Week, 1958: “With over 50 foreign cars already on sale here, the Japanese auto industry isn’t likely to carve out a big slice of the U.S. market.”
• Frank Knox, U.S. Secretary of the Navy, on December 4, 1941: “Whatever happens, the U. S. Navy is not going to be caught napping.”
• Economist Irving Fisher on October 16, 1929: “Stocks have reached what looks like a permanently high plateau.”

March, 1991, Reader’s Digest