Exactly.

"Students are asking, "Where's the place that I can drive innovation? Where's the place that I can have the most impact?"

Sounds like those students are just rationalizing. They're going into tech mainly because the tech field has been on fire lately, and the risk of trying out the tech field is low. After all, they're still getting paid pretty well.

Once the tech bubble bursts, they'll be hovering around fields that pay the most.

You are not going to be driving innovation by working for Linkedin, Facebook, and Microsoft.

I note that Bubble 1.0 was full of fresh young business school grads. At the time, I thought of them as "the locusts". It was worth a lean year or two to get rid of all of them (and all of the other people) who came here looking for the big payout. The people who stayed were the ones who were serious about the field.

It's a little sad that I wouldn't mind another tech downturn, but that's where I am.

I don't think Michel Lewis ever said that. See my earlier comment below.