The Markets

You really need to take predictions with a grain of salt. Consider these esteemed opinions: 

• “I think there is a world market for maybe five computers.” Thomas Watson, Chairman, IBM, 1943
• “Who wants to hear actors talk?” H. M. Warner, Founder, Warner Brothers, 1927
• “Everything that can be invented has been invented.” Charles Duell, Commissioner, U.S. Office of Patents, 1899 

It’s important to remember the fallibility of experts as we head toward a new year and pundits begin pontificating about the events of the past and predicting what may be ahead.

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