artists like billy joel, boss scaggs, bruce sprinsteen, whitney houston and alicia keys and so many, many more. tomorrow in los angeles, the theater at the grammy museum downtown will be renamed the clive davis theater. clive davis, you're a bad man. >> thank you. >> congratulations on the honor. >> thank you. tavis: does it make you feel old when people start naming stuff after you? >> the truth is, it doesn't. it really is very heartwarming and i'm tremendously grateful. that's a major thrill. tavis: it's impossible in a 30-minute show, one-hour show, to do justice to all that you have done, but the one question above all else i've been dying to ask you all these years is how do you develop the ear? do you play instruments? >> i play no instruments. tavis: that's what i wondered. >> i did not develop my ear. i discovered i had an ear and it was an accident. i was a lawyer, three years out of law school. i was made chief council for columbia records and five years later i was made president. and i looked, i watched for a while for maybe a year until i found myself at the montery pop

you're never going to save enough and if you try, it's like billy joel said your trying to be a straight a student and your not going to be all the time, everyday. it's not fun either and this should be a little bit more fun. and here i am out of the cold, out of the trenches to bring you my story, my system, my strategy, in your living room. because the problem with most people that are feeding you all this stuff, writing all these books and all these ideas and all these techniques. they're wonderful, they're great, i think you should give em to good will. i think it's time to give em to good will. there's too much clutter, there's too much goin on. and where's the specitivity? where's the system. where is, a plus b equals c. everybody loves talking abstracts but are they here in your living room, in your home office, giving you that strategy? they're not. and that is what i learned in the trenches. i've had the very good fortune of studying people. i've had the very good fortune of studying wealth. two wonderful subjects actually. and what i found is that there are commonalities. what