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<blockquote data-quote="Oldtimer" data-source="post: 4148238" data-attributes="member: 10503">I do agree that some blue-eyed analysts during the dot.com bubble were making inane statements that later lead to disaster for their companies. On the other hand, some companies did grow huge despite going against &quot;conventional wisdom&quot;.And there are many examples of people of power being out of touch with new factors in the market place. In my country, our minister of communication was quoted in 1996 saying that &quot;Internet surfing is a fad, soon to go away&quot;. There was also this huge and dominating manufacturer of office machines (eg electro-mechanical calculators and typewriters) in this country that regarded the early electronical calculators of the seventies as &quot;toys not worthy of their attention&quot;. They were not around ten years later.So, not every new thing is just the ramblings of madmen. The trick, is of course, knowing what is useful and how. Sometimes company leaders play it safe and stick with the conventional... and sometimes that is bad.</blockquote>

[QUOTE="Oldtimer, post: 4148238, member: 10503"] I do agree that some blue-eyed analysts during the dot.com bubble were making inane statements that later lead to disaster for their companies. On the other hand, some companies did grow huge despite going against "conventional wisdom". And there are many examples of people of power being out of touch with new factors in the market place. In my country, our minister of communication was quoted in 1996 saying that "Internet surfing is a fad, soon to go away". There was also this huge and dominating manufacturer of office machines (eg electro-mechanical calculators and typewriters) in this country that regarded the early electronical calculators of the seventies as "toys not worthy of their attention". They were not around ten years later. So, not every new thing is just the ramblings of madmen. The trick, is of course, knowing what is useful and how. Sometimes company leaders play it safe and stick with the conventional... and sometimes that is bad. [/QUOTE]

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