"Sometimes, someone says something that turns out to be an incorrect prediction. In hindsight, however, the people who said these things may have had good reasons for thinking they were right. Sometimes when they try and explain their way out of it, they make it even worse:

"There is no reason for any individual to have a computer in his home." - Ken Olson, president, chairman and founder of Digital Equipment Corporation (DEC)

This quote was from a talk given to a 1977 World Future Society meeting in Boston. This is widely quoted but Olsen claims it is taken out of context, that he was not referring to personal computers but to a household computer that would control the home."

"NASA's Pad Abort 1 flight test, a launch of the abort system designed for the Orion crew vehicle, lifted off at 9 a.m. EDT Thursday at the U.S. Army's White Sands Missile Range (WSMR) near Las Cruces, N.M. The flight lasted about 135 seconds from launch until the crew module touchdown about a mile north of the launch pad.

The flight was the first fully-integrated test of this launch abort system design. The information gathered from the test will help refine design and analysis for future launch abort systems, resulting in safer and more reliable crew escape capability during rocket launch emergencies. "

"The best analogy for traders ? They are hackers. Just as hackers search for and exploit operating system and application shortcomings, traders do the same thing. A hacker wants to jump in front of your shopping cart and grab your credit card and then sell it. A high frequency trader wants to jump in front of your trade and then sell that stock to you. A hacker will tell you that they are serving a purpose by identifying the weak links in your system. A trader will tell you they deserve the pennies they are making on the trade because they provide liquidity to the market."