Excerpt from The New New Thing by Michael Lewis, plus links to reviews, author biography & more

Chapter One

The Boat That Built Netscape

The original plan, which Lord knows didn't mean very much when that plan had been made by Jim Clark, was that we would test the boat quickly in the North Sea and then sail it across the Atlantic Ocean. If nothing went too badly wrong, it would take us six days to sail down to the Canary Islands and another ten to the Caribbean. I had seen Clark in so many different situations that I felt sure I knew him, and the range of behavior he was capable of. But there is nothing like sixteen days on the high seas with a small group of people who have a lot of doubts about each other to test one's assumptions about human character. On the Atlantic crossing Hyperion would carry only the captain and his seven crew members, one or two computer programmers, Clark and me.

Why Jim Clark was so worthy of study was another matter, and I'll come to that soon enough. For now I'll just say that the quirks in the man's character sent the most fantastic ripples through the world around him. Often starting with the best intentions, or no intentions at all, he turned people's lives upside down and subjected them to the most vicious force a human being can be subjected to, change. Oddly enough, he was forever claiming that what he really wanted to do was put up his feet and relax. He could not do this for more than a minute. Once he'd put up his feet, his mind would spin and his face would redden and he'd be disturbed all over again. He'd thought of something or someone in the world that needed to be changed. His new boat was a case in point.

For all I knew, Clark would be remembered chiefly as the guy who created Netscape and triggered the Internet boom, which in turn triggered one of the most astonishing grabfests in the history of capitalism. Maybe somewhere in a footnote it would be mentioned that he came from nothing, grew up poor, dropped out of high school, and made himself three or four billion dollars. It might even be said that he had a nose for the new new thing. But to my way of thinking these were only surface details, the least interesting things about him. After all, a lot of people these days have a billion dollars. Four hundred and sixty-five, according to the July 1999 issue of Forbes magazine. And most of them are no more interesting than you or me. You have to trust me on this.

Along the stretch of canal outside of Amsterdam where the water is deepest, the swollen tankers and stout tugs come to rest. Neither the driver nor I had the slightest idea where in this stand of massive industrial ships one might park a pleasure boat. It was not a place anyone would normally come for fun. The driver finally turned around and asked me exactly what I was looking for, and I told him I was looking for the sailboat that would take me out to sea. He laughed, but in the way people do who want to prove they get the joke. The Dutch do this a lot. They appear to live in terror of being mistaken for Germans, and to compensate by finding a funny side to life where none exists. Tell a Dutchman that your dog just died, and he will pretend that you have just made some impossibly witty remark. This is what the driver did when I told him I was about to go sailing in the North Sea. It was early December, the winds were up around thirty-five miles an hour, and the North Sea—well, the North Sea in winter is not the place to be in any kind of sailboat. The driver roared in the most un-Germanly fashion. "Yachting!" he said, and burst out laughing again, far too loudly, as if he had seen me my one joke and raised me another. "Yes," I said, which only brought forth more peals.

The great mast rescued us. One moment we were lost; the next we turned a corner and spotted on the horizon the tall, rigid white rod. Its brightly colored pennants flew in relief against the gray sky, and its five spreaders reached up into the clouds like a chain of receding crucifixes. They beckoned everyone within five miles to drop his jaw in wonder. It was then that the driver finally stopped laughing. "Yacht," after all, is a Dutch word.

Excerpted from The New New Thing: A Silicon Valley Story, by Michael Lewis. © October 20, 1999 , Michael Lewis used by permission of the publisher W.W. Norton & Company.