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I don't think the market can keep going up. In the U.S., we see real estate not going up.. houses are selling at lower prices. You can't have anything going up 10 percent to 20 percent to 30 percent indefinitely.

Eli Broad

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Eli Broad
Age: 87 †
Born: 1933
Born: June 6
Died: 2021
Died: April 30
Art Collector
Business Person
Financier
The Bronx
New York City
Real
Lower
Going
Investing
Think
Selling
Thinking
Market
Indefinitely
Percent
Estate
House
Estates
Keep
Prices
Anything
Houses

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Research – and using what you learn from it to analyze every situation – is what separates being unreasonable from being irrational.
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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.
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You can have great teachers, but if you don't have a good principal, you won't have a good school.
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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.
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If you have poor management that's not doing the right job, you end up with unions filling the void and... page after page of work rules and thicker and thicker contracts.
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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.
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There is no substitute for knowledge. To this day, I read three newspapers a day. It is impossible to read a paper without being exposed to ideas. And ideas - more than money - are the real currency for success.
Eli Broad
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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.
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Collectors become obsessive and then addicted. You become addicted to art and you can't live without it.
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In high school, I would drive my teachers batty. They would make a statement, and I would say, 'Why is that?' They didn't want to be questioned.
Eli Broad
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Any city in America would like to get a museum built if they didn't have to pay for it.
Eli Broad
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I don't see myself as a great discoverer of artists, like Charles Saatchi.
Eli Broad
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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.
Eli Broad
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Contemporary art challenges us.. it broadens our horizons. It asks us to think beyond the limits of conventional wisdom.
Eli Broad
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Art evokes emotion. It doesn't have to be a thing of beauty.
Eli Broad
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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.
Eli Broad
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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.
Eli Broad
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If people want to criticize me because it sells papers, that's fine. I just don't like it when it's inaccurate.
Eli Broad
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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.
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People don't know I've got a deep social conscience. I'm a child of the Depression, born in 1933. My parents were very liberal in their social views.
Eli Broad