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

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" 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. "

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

" I don't like to spend time in endless meetings talking about stuff that isn't going to get anything done. I have meetings, but they're short, prompt and to the point. "

" 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. "

" 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. "

" 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. "

" Oprah Winfrey's global influence is unparalleled. Not only has her generosity and firm belief that education is the key to a better life benefited countless women and children around the world, but her example has also inspired millions of people to give back in ways big and small. "

" Managers are responsible for setting workplace policies under which teachers can succeed. Managers are responsible for negotiating contracts that create the conditions under which teachers can succeed. "

" What artists think about the world is often different from how we businessmen see it, and I find that an enriching experience. "

" People would rather have art or gold instead of paper money. "

" 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. "

" Teach For America provides one of the most critical pipelines for bringing new talent into public education. "

" 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. "

" Any city in America would like to get a museum built if they didn't have to pay for it. "

" 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. "

" 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. "

" Philanthropy is activism. "

" I could live anywhere in the world I want. But Los Angeles is the place to live. "

" Civilizations are not remembered by their business people, their bankers or lawyers. They're remembered by the arts. "

" I never stay anywhere - parties, museums, meetings - longer than three hours. "

" 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. "

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

" 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. "

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

" Frankly, I'm not sure how far I would get if I attended public school today. It's not just that public schools aren't producing the results we want - it's that we're not giving them what they need to help students achieve at high levels. K-12 education in the United States is deeply antiquated. "

" The American people frankly have been, over many, many years - to be blunt - fat, dumb and happy. If they want their children to compete with children in India, China or Korea, they better get them a far better education. "

" If you ask why I do what I do - I want to make a difference. I don't just want to maintain the status quo. I want to help people, to work with institutions or create ones when they don't exist. "

Make A Difference

" 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. "

" 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. "

" 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. "