A Leading Banker? President of the Michigan Savings Bank? Sarah T. Bushnell? Horace Rackham? Apocryphal? Question for Quote Investigator: An investor was given a once-in-a-lifetime opportunity to purchase stock in Henry Ford’s nascent automobile company. The cautious capitalist asked a prominent banker what he thought, and he received an erroneous prediction: The horse is here … Continue reading Quote Origin: The Horse Is Here To Stay, But the Automobile Is Only a Novelty — a Fad