Short Term Trading Week Starting: 15 Jan, page-409

Those within the entrenched industries rarely see or appreciate disruption coming

Some notable examples

1889:“Fooling around with alternating current (AC) is just a waste of time. Nobody will use it, ever.” — Thomas Edison

1946:“Television won’t be able to hold on to any market it captures after the first six months. People will soon get tired of staring at a plywood box every night.” — Darryl Zanuck, 20th Century Fox.

2005: “There’s just not that many videos I want to watch.” — Steve Chen, CTO and co-founder of YouTube expressing concerns about his company’s long term viability.

2007:“There’s no chance that the iPhone is going to get any significant market share.” — Steve Ballmer, Microsoft CEO.


More recent examples

IBM doubting the personal computer

Blockbuster doubting Netflix

Kodak doubting the Digital Camera

Nokia doubting the Smart Phone



Maybe THIS TIME ITS DIFFERENT and for once those within the inferior entrenched industries are going to call it right