From Global Cooling to Fascism, Fortune Spanks Itself

Fortune magazine’s 75–anniversary issue contains lots of puffery, but there is value in scanning the publication’s list of the things it got badly wrong over the period. Here are some samples:

July 1934 “… fascism remains, like the tariff, essentially a local issue.”

February 1954 “In several important respects the stock market appears to have become obsolete.”

February 1974 Ominous Changes in the World’s Weather “Climatologists now blame those recurring droughts and floods on a global cooling trend.”

May 15, 2000 “Can you justify selling this stock [Cisco] now? I don’t think so!”


  1. Talk about mistakes, the Bessemer Anti-Portfolio is simply hilarious: