Dear Class of 2012

If you're like that intern, please feel free to feel sorry for yourself. Just remember she doesn't.

Fact One is that, in our "knowledge-based" economy, knowledge counts. Yet here you are, probably the least knowledgeable graduating class in history.

A few months ago, I interviewed a young man with an astonishingly high GPA from an Ivy League university and aspirations to write about Middle East politics. We got on the subject of the Suez Crisis of 1956. He was vaguely familiar with it. But he didn't know who was president of the United States in 1956. And he didn't know who succeeded that president.

Now to Fact Two: Your competition is global. Shape up. Don't end your days like a man I met a few weeks ago in Florida, complaining that Richard Nixon had caused his New York City business to fail by opening up China.

In places like Ireland, France, India and Spain, your most talented and ambitious peers are graduating into economies even more depressed than America's. Unlike you, they probably speak several languages. They may also have a degree in a hard science or engineering—skills that transfer easily to the more remunerative jobs in investment banks or global consultancies.

I know a lot of people like this from my neighborhood in New York City, and it's a good thing they're so well-mannered because otherwise they'd be eating our lunch. But if things continue as they are, they might soon be eating yours.

Which reminds me of Fact Three: Your prospective employers can smell BS from miles away. And most of you don't even know how badly you stink.

To read through your CVs, dear graduates, is to be assaulted by endless Advertisements for Myself. Here you are, 21 or 22 years old, claiming to have accomplished feats in past summer internships or at your school newspaper that would be hard to credit in a biography of Walter Lippmann or Ernie Pyle.

But the best of you don't do this kind of thing at all. You have an innate sense of modesty. You're confident that your résumé needs no embellishment. You understand that less is more.

In every generation there's a strong tendency for everyone to think like everyone else. But your generation has an especially bad case, because your mass conformism is masked by the appearance of mass nonconformism. It's a point I learned from my West Point intern, when I asked her what it was like to lead such a uniformed existence.

Her answer stayed with me. Wearing a uniform, she said, helped her figure out what it was that really distinguished her as an individual.

Now she's a second lieutenant, leading a life of meaning and honor, figuring out how to Think Different for the sake of a cause that counts. Not many of you will be able to follow in her precise footsteps, nor do you need to do so. But if you can just manage to tone down your egos, shape up your minds, and think unfashionable thoughts, you just might be able to do something worthy with your lives. And even get a job. Good luck!