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.

Oprah Winfrey's global influence is unparalleled. Not only has her generosity and firm belief that education is the key to a better life benefited countless women and children around the world, but her example has also inspired millions of people to give back in ways big and small.

A real collector does not sell.

Art evokes emotion. It doesn't have to be a thing of beauty.

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.

Unfortunately, the boards of art institutions tend to be populated with well-meaning supporters of the arts who often lack any business background or appetite for imposing appropriate discipline.

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.