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Collectors become obsessive and then addicted. You become addicted to art and you can't live without it.

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
Collectors
Obsessive
Addicted
Collecting
Art
Become
Live
Without

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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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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.
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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.
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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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For businesses to be successful, they need to constantly ask the question: how can we provide value to our customers? At the end of the day, that is what matters.
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Art evokes emotion. It doesn't have to be a thing of beauty.
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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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Research – and using what you learn from it to analyze every situation – is what separates being unreasonable from being irrational.
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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.
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School district policies and practices have not kept pace with student and teacher needs.
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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.
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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.
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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.
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I don't see myself as a great discoverer of artists, like Charles Saatchi.
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Any city in America would like to get a museum built if they didn't have to pay for it.
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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.
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Contemporary art challenges us.. it broadens our horizons. It asks us to think beyond the limits of conventional wisdom.
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