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.

Philanthropy is activism.

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.

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

Without a doubt, stem cell research will lead to the dramatic improvement in the human condition and will benefit millions of people.

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.

People always say congratulations. When you're a successful bidder it means you're willing to spend more money than anyone else. I'm not sure if that's congratulations or condolences.