Museums do not share their collections with other museums unless they get something in exchange. The Metropolitan will deal with the Louvre, but will they send their stuff to Memphis? No.

I learned to embrace risk, as long as it was well thought out and, in a worst-case scenario, I'd still land on my feet.

There were periods when the art market got overheated, but there is no reason it should appreciate dramatically.

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.

Philanthropy is activism.

Ideas, more than money, are really the currency for success.

If you have poor management that's not doing the right job, you end up with unions filling the void and... page after page of work rules and thicker and thicker contracts.