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I never stay anywhere - parties, museums, meetings - longer than three hours.
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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.
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There were periods when the art market got overheated, but there is no reason it should appreciate dramatically.
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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.
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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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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.
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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.
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In America, what you've accomplished financially is a measurement, whether you like it or not.
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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.
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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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You always learn lessons in business.
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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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If people want to criticize me because it sells papers, that's fine. I just don't like it when it's inaccurate.
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I'd be bored to death if I spent all my time with other businesspeople, bankers and lawyers.
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I believe in two things: One, Andrew Carnegie said, 'He who dies with wealth dies in shame.' And someone once said, 'He who gives while he lives also knows where it goes.'
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I'd rather be respected than loved.
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I could live anywhere in the world I want. But Los Angeles is the place to live.
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Art evokes emotion. It doesn't have to be a thing of beauty.
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Without a doubt, stem cell research will lead to the dramatic improvement in the human condition and will benefit millions of people.
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I have always believed that every great city in history needs a vibrant center.
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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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It's hard to explain your emotions when you see a work of art.
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Civilizations are not remembered by their business people, their bankers or lawyers. They're remembered by the arts.
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What artists think about the world is often different from how we businessmen see it, and I find that an enriching experience.