I just started reading History’s Worst Predictions And The People Who Made Them.
One of the entries that should interest the members of this forum has to do with Henry Ford.
When Ford’s attorney–Horace Rackam–approached The Michigan Savings Bank for a loan to help float Ford’s new company, a V.P. of the bank turned him down, with these words:
“The horse is here to stay, but the automobile is merely a novelty–a fad.”