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" I believe in the democratization of the arts. What do I mean by that? I think museums, with some exceptions, have a responsibility to educate a much broader public. "

Eli Broad

Believe

Responsibility

Arts

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" Collecting is more than just buying objects. "

" My family and I have been blessed with good fortune in the world of business. We've created quite a net worth. My children, two boys, have more money than they will ever need, and they aren't empire builders. "

" People think it's strange how briskly I move through museums. Sure, I could stand in front of each piece and stare at it for a good long time. But that's not me. "

Eli Broad

Think

Stand

" School boards are, for the most part,made up of political wannabes who see a board seat as a stepping stone for political office, or well-meaning parents who represent an ethnic group or geography, or have some other narrow interests. Few people on them understand what governance is about. "

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

" Most museums - with all their burdens to pay for exhibitions, administration, and security - really don't have any money really to acquire art, with few exceptions. "

" I'd rather be respected than loved. "

" 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. "

" I believe that a newspaper is a great civic asset and that ownership is best in the hands of foundations or wealthy families that want to own it for reasons other than maximizing profits. I also believe newspapers should remain in local hands. "

" Someone once told me I'm a sore winner, and they're right. I rarely take more than a moment to enjoy a success before I'm moving on and looking for the next challenge. "

" 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. "

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

" A real collector does not sell. "

" I never play golf because it takes too long, and the business connections it produces can be made just as easily over an early breakfast. "

" How absurd that our students tuck their cell phones, BlackBerrys, iPads, and iPods into their backpacks when they enter a classroom and pull out a tattered textbook. "

" Being a Midwesterner, I know that many of the middle-class manufacturing jobs that had been at the heart of our economy are either gone or going, and they're not coming back. "

" Los Angeles is such a great meritocracy. Where can someone with my background - don't have the right family background, the right religion, the right provenance or whatever you want to call it - I come here and I'm accepted. The city's been good to me. And I want to give back. "

" I am old enough to remember when America's K-12 public schools were the best in the world. I am a proud graduate of them, and I credit much of my success to what I learned in Detroit Public Schools and at Michigan State University. "

" A lot of executives act like their time is worth more than anyone else's. But I always respect an employee who guards his or her time, even from me. "

Eli Broad

Respect

Time

" My wife was the first art collector in the family, and I didn't become interested until around 1973. The first important artwork we bought was a Van Gogh drawing of two peasant houses in Saintes-Maries-de-la-Mer. "

" In America, what you've accomplished financially is a measurement, whether you like it or not. "

Eli Broad

America

You

" It's hard to explain your emotions when you see a work of art. "

" I think over any period of time, especially if you don't use leverage, it is difficult to continually beat the S&P 500. "

" There were periods when the art market got overheated, but there is no reason it should appreciate dramatically. "

" You don't support politicians in their elections if whoever's seeking money only has a goal to stay in office or get in office. You have to pick the people who are going to do the best job. "

" I don't see myself as a great discoverer of artists, like Charles Saatchi. "

" I don't think it makes any sense for an individual to invest in common stocks unless they know the company, work at the company, and so on. "

" You can have great teachers, but if you don't have a good principal, you won't have a good school. "

" I've become convinced that Los Angeles is going to become the next contemporary art capital - no other city has more contemporary gallery space than Los Angeles. We've come into our own, finally. "

Eli Broad

Own

Space

" The unions no longer control the education agenda of the Democratic Party. "