I'd be bored to death if I spent all my time with other businesspeople, bankers and lawyers.

I can't think of another enterprise other than being a homeowner that can't have its debt restructured in bankruptcy. Corporations can but a homeowner can't? Now with securitization the homeowner can't go to the owner of the loan and work things out.

At a time when all the other builders were selling homes with basements but without carports, we would sell homes without basements and with carports. This allowed us to provide a more appealing product at a lower price. In other words, we felt we would be giving customers greater value.

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

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.

The biggest barrier we've seen to student progress is this: School policies and practices often prevent good teachers from doing great work and even dissuade some talented Americans from entering the profession. This needs to change.

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.