Civilizations are not remembered by their business people, their bankers or lawyers. They're remembered by the arts.
Charity is just writing checks and not being engaged. Philanthropy, to me, is being engaged, not only with your resources but getting people and yourself really involved and doing things that haven't been done before.
Contemporary art challenges us.. it broadens our horizons. It asks us to think beyond the limits of conventional wisdom.
Ideas, more than money, are really the currency for success.
For businesses to be successful, they need to constantly ask the question: how can we provide value to our customers? At the end of the day, that is what matters.
Every artist is unreasonable, because he or she is doing something that hasn't been done before.
Artists rarely do the same thing over and over again. Art is about the new, doing things in a new way.
Who you spend your life with-much more so than how you choose to spend it-is the most important decision you can make. Do it right. That's the best advice I can give you.
While I am proud of a number of accomplishments, there are real costs to being unreasonable. Long hours. Too little time with family. A near incapacity for, as they say, stopping and smelling the roses.
There is no substitute for knowledge. To this day, I read three newspapers a day. It is impossible to read a paper without being exposed to ideas. And ideas - more than money - are the real currency for success.
Time is the most valuable thing you have - and I'm not just talking about the minutes for which you're paid.
If someone can't give me a good reason why you can't do something, I find a way to do it.
To me, money is a means to do good. I reached a point in my life where I had enjoyed tremendous business success that afforded my family everything we could possibly want. My wife and I then decided that we could use our wealth to make a difference. So we created the Broad Foundations to do four things: to improve urban public education, to support innovative scientific and medical research, to foster art appreciation for audiences worldwide and to support civic initiatives in Los Angeles.
Collectors become obsessive and then addicted. You become addicted to art and you can't live without it.
No one ever made a million bucks by being cautious or timid or reasonable.
I've never been one who enjoys maintaining the status quo. I'm always pushing for new ideas, whether it's in business or philanthropy.
Research – and using what you learn from it to analyze every situation – is what separates being unreasonable from being irrational.
Art evokes emotion. It doesn't have to be a thing of beauty.
The best move you can make in negotiation is to think of an incentive the other person hasn't even thought of - and then meet it.
A lot of executives act like their time is worth more than anyone else's. But I always respect an employee who guards his or her time, even from me.
Someone once told me I'm a sore winner, and they're right. I rarely take more than a moment to enjoy a success before I'm moving on and looking for the next challenge.
I have always believed that every great city in history needs a vibrant center.
Public education is the key civil rights issue of the 21st century. Our nation's knowledge-based economy demands that we provide young people from all backgrounds and circumstances with the education and skills necessary to become knowledge workers. If we don't, we run the risk of creating an even larger gap between the middle class and the poor. This gap threatens our democracy, our society and the economic future of America.
People always say congratulations. When you're a successful bidder it means you're willing to spend more money than anyone else. I'm not sure if that's congratulations or condolences.
Philanthropy is activism.
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