"It's about inspiration -- not for me, but for anyone else," said Baker when asked what the honor meant to him. "Nine out of ten people might walk across that star and not know who my name is, but someone might come along and it might inspire them."
As a young actor, Baker drew on the inspiration of those around him to gain the confidence needed to get to where he is today.
"Like a lot of young actors, I was filled with self-doubt," said The Mentalist star. "I was incredibly fortunate to meet people who believed in me more than I believed in myself."
Perhaps his biggest supporter was his wife Rebecca, whom he wed in 1998.
"My wife once gave me a card that said, 'Opportunity, having knocked, moves on.' And the most important opportunity that I took advantage of in my life was marrying her," Baker said before kissing his wife who was in attendance.
Click the video to hear what Naomi Watts had to say about her friend of more than 20 years.