In "The New New Thing: A Silicon Valley Story," Michael Lewis explores the unique mindset of technologists, who often single-mindedly dedicate all their resources towards innovative technologies. This tendency can lead to groundbreaking advancements but also creates risks, as these individuals might overlook other important aspects of their ventures or market dynamics. Their passion and focus on the newest trends can be both a driving force for progress and a potential pitfall.

Lewis illustrates how this obsessive commitment to technology can shape the landscape of Silicon Valley, highlighting the transformative impact of such focused efforts. The book provides insight into the culture of entrepreneurship where chasing the next big idea can overshadow more practical considerations, leading to both spectacular successes and significant failures. This paradox encapsulates the volatile nature of the tech industry.