The inability to delegate is one of the biggest problems I see with managers at all levels.

Artists rarely do the same thing over and over again. Art is about the new, doing things in a new way.

Collectors become obsessive and then addicted. You become addicted to art and you can't live without it.

Philanthropy is activism.

Research – and using what you learn from it to analyze every situation – is what separates being unreasonable from being irrational.

I have always believed that every great city in history needs a vibrant center.

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.