Anything I do, I spend a lot of time. I do it with passion and intensity. I want to be in charge.

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.

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.

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.

A real collector does not sell.

People don't know I've got a deep social conscience. I'm a child of the Depression, born in 1933. My parents were very liberal in their social views.

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.