Any City In America Would Like To

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.

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.

To Me, Money Is A Means To Do Good. I Reached A Point In My Life Where I Had Enjoyed Tremendous Business Success That Afforded My Family Everything We Could Possibly Want. My Wife And I Then Decided That We Could Use Our Wealth To Make A Difference. So We Created The Broad Foundations To Do Four Things: To Improve Urban Public Education, To Support Innovative Scientific And Medical Research, To Foster Art Appreciation For Audiences Worldwide And To Support Civic Initiatives In Los Angeles.

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.

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.