Thanks for this. I hadn't heard the full quote before. People often quote the “great artists steal” line from him - including Steve Jobs - https://www.youtube.com/watch?v=CW0DUg63lqU - but the fuller idea is much more interesting.
https://hn.algolia.com/?q=picasso+eliot#!/comment/forever/0/... eliot
The line that elliots (not to be confused with T.S. Eliot!) quoted turns out to be authentic, though—or at least there's some evidence for it:
http://books.google.com/books?id=OJTKZeXaUvkC&lpg=PA53&dq=%2...