"Be open to collaboration. Other people and other people's ideas are often better than your own. Find a group of people who challenge and inspire you. Spend a lot of time with them. And it will change your life." 

Her lessons from Second City: 
"Make big choices early and often...don't start a scene where two people are talking about jumping out of a plane; start the scene having already jumped. if you're scared, look into your partners eyes; you will feel better." 

"I cannot stress enough that the answer to a lot of your life's questions is often in someone else's face."

"I have been lucky to be a part of great ensembles." 

It's much more fun to succeed or fail with other people. You can blame them when things go wrong...Take your risks now. As you grow older, you become more fearful and less flexible." 

Conclusion: "When you feel scared, hold someone's hand and look into their eyes. And when you feel brave, do the same thing."

A few of my favorite passages: 
"When you consider the alternative — an anesthetized dream of self-sufficiency, abetted by technology — pain emerges as the natural product and natural indicator of being alive in a resistant world. To go through a life painlessly is to have not lived. Even just to say to yourself, 'Oh, I’ll get to that love and pain stuff later, maybe in my 30s' is to consign yourself to 10 years of merely taking up space on the planet and burning up its resources. Of being (and I mean this in the most damning sense of the word) a consumer." 

"...the fundamental fact about all of us is that we’re alive for a while but will die before long. This fact is the real root cause of all our anger and pain and despair. And you can either run from this fact or, by way of love, you can embrace it."

I also really like how split screen is used. 

If I had it my way, I would have this haircut. It would also look really good on me and be totally socially acceptable. 

This is the kind of woman I hope to become. 

She's really just incredible. Love her laugh at 2:39. 
I haven't seen "Philadelphia Story" in a while but just from re-watching this scene, of course, this is the film Hepburn chose to stage her come-back after years of being labeled as box-office poison. And indeed, Hepburn really is responsible for her come-back ("don't call it a come-back?"). She left Hollywood for Broadway, bought the rights to "Philadelphia Story," appeared in the very successful stage version, and then returned to Hollywood to make the film adaptation. Gotta love that that classic Katharine Hepburn spunk wasn't just limited to the characters she portrayed.