I've never heard anyone, even in my fundamentalist upbringing, who believed it. It is that process which resulted in a perfectly accurate and authoritative compilation of literature which everywhere bears the hallmark of divine origin. That is just what Peter said. When men were prophesying, they spoke from God as they were carried along by the Holy Spirit. That is a nautical term - a ship is carried along by the wind as the air fills her sails.
Every sailing ship is built to do a different job and has, therefore, different characteristics.
Many ancient ships could only sail downwind. A clipper was built to carry a lighter load fast upwind or down. Just so, as each human writer of the Bible has his own temperament and character and different life-situation, when the Holy Spirit filled his sails, he spoke with all that in mind. First of all, Paul tells us in 2 Timothy 3 that the sacred Scriptures breathed out by God are able to make us wise unto salvation. And it would be good for us to let that sink in.