Theoretical physics and the institutions that support it have changed greatly during my career. In this article, I recount some of my most memorable experiences as a physicist, first as a graduate student with Rudolf Peierls at the University of Birmingham in England and later as a colleague of Walter Kohn at the Institute for Theoretical Physics in Santa Barbara, California. I use this account to illustrate some of the changes that have occurred in my field and also as a rationale for asserting that theoretical physics has an increasingly vital role to play in modern science.