I remember the casting session that I had where I was a break dancer, having this punk hair cut. They rejected me and I became really disillusioned with the business and said well this is what it's all about, and I haven't even got in to read a line. He said don't worry, some day we're going to get you back into this and it's going to happen for you, which I kind of took to heart. It was one of those situations where I was lucky and fortunate enough to be at the right places at the right time. All of a sudden I was on the set of Growing Pains and got this audition for This Boy's Life and was able to jump into the feature film world. It's really been just simply the fact that I'd been able to work, you know what I mean? I would probably still be trying to be an actor even if I was out of work, but I would probably become a little disillusioned at some point and move on to other things. But it's the one thing that I know that I love.

It was pretty disheartening to be objectified like that. I wanted to stop acting for a little bit. But it changed my life in a lot of ways, but at the same time, I can't say that it didn't give me opportunities. It made me, for the first time, in control of my career. - On Titanic (1997)

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I don't really have many extravagances. I don't fly private jets and I don't have bodyguards and I don't buy crazy things. I have a couple of houses here and there. I bought a very expensive watch, and I am going to buy a really expensive movie poster, the original for The Thief of Bagdad (1940). I love movie posters.

Certainly after Titanic, where my face was put on every magazine cover around the world and the movie was such a phenomenon, I really had no control over that. So for the last couple of years, media-wise I've been trying to regain some control in what people say about me.

Well it's a risk to do a movie of this calibre on a subject matter and a point in history people are not very familiar with. It's a tough subject to sell - so salary-wise you have to make sacrifices to make a certain film happen. I would have been an idiot to pass up the opportunity to work with Mr Scorsese.

My God, no! I hate this whole hunk thing! I feel when I see myself in that, and these other cute faces, that I'm just part of this meat factory, like, 'Wow! Here's the hunk of the month! This month we're shoving Leonardo DiCaprio down your throat! Isn't he cute. Let's put him on the cover and we'll sell so many more magazines...' That's definitely not what I want to be, and I've tried real hard to get away from that whole situation.

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As an actor, you're constantly searching for that great character. Also, being a history buff and learning about people in our past and amazing things that they've done, I came across a book about Howard Hughes and he was set up as basically, the most multi-dimensional character I could ever come across. Often, people have tried to define him in biographies, but no one seems to be able to categorize him.

I've been very lucky to have achieved a lot of the things that I dreamt of achieving as a young man. But, at the end of the day – and I truly believe this – it is not about achieving great wealth or success. Because they don't bring happiness ultimately. They really don't. What matters is whether or not you've fulfilled the idea of having led an interesting life, whether you've contributed in some way to the world around you.

On rumors: I've heard some pretty bad rumors...that I'm gay. If I want to go to a party with a few male friends, it doesn't mean that I'm gay. I don't see why I can't have friends of both sexes without rumors being spread about me. It's crazy.

My mom and I lived at Hollywood and Western, a drug-dealer and prostitute corner. It was pretty terrifying. I got beat up a lot. I saw people have sex in the alleys. I remember I was five years old, and this guy with a trench coat, needles and crack cornered me. Early on, seeing the devastation on my block, seeing heroin addicts, made me think twice about ever getting involved in drugs. It's evil. Once you take that step and experiment, drugs can take over your life. You are not yourself anymore. That's something I never wanted. I didn't have a lot of friends growing up. It was kind of just me and my parents. But because of them, the neighborhood did not have a bad effect on me. My dad introduced me to artists, and every few months we'd go to some hippie doo-dah parade as Mudmen in our underwear, carrying sticks and covered in mud. My mother did everything to get me into the best schools she could find.