This Essay is based on a lecture given by the author at the 239th American Chemical Society Meeting, San Francisco, March 21–24, 2010, as part of a Presidential Symposium titled, “Educating Chemists with the Skills Needed to Compete in the New Global Economy”. Organized by Ronald Breslow and Pat N. Confalone, the symposium featured, in addition to the organizers, the following speakers: L. Echegoyen, H. Gray, K. Hunt, G. Calabrese, U. Chowdhry, R. Zare, and J. La Mattina. I am indebted to the organizers for the privilege to participate in this stimulating symposium on education and to exchange ideas about this most important subject. The author is indebted to the Skaggs Institute for Research for financial support of his education and research programs over the years.