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" 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. "

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" Los Angeles is one of the four cultural capitals of the world, but we don't attract as many cultural tourists as New York, London or Paris. I want to change that. "

Eli Broad

Want

Change

New York

" A real collector does not sell. "

" 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. "

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

" 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. "

Eli Broad

Work

Debt

" 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. "

" 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. "

" The inability to delegate is one of the biggest problems I see with managers at all levels. "

" Time is the most valuable thing you have - and I'm not just talking about the minutes for which you're paid. "

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

" Every artist is unreasonable, because he or she is doing something that hasn't been done before. "

" 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'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

" 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. "

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

" I'm naturally curious, and I read four newspapers a day. "

" 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. "

" I'd rather be respected than loved. "

" 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. "

" Artists rarely do the same thing over and over again. Art is about the new, doing things in a new way. "

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

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

" Collecting is more than just buying objects. "

" 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. "

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

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

" As the son of a union activist and a lifelong Democrat, I've always thought that privatizing our public schools is not the answer. We must strengthen public schools. "

" School district policies and practices have not kept pace with student and teacher needs. "

" You always learn lessons in business. "

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