>> from our studios in new york city, this is "charlie rose." >> believe it or not, in the moment it seemed like a good idea. what could possibly go wrong? and then i had a flicker of a

memory about john daly. oh, my. >> hurry up. ready? >> mmm-hmm. >> ta-da. >> david feherty is here. he is a former professional golfer and he is now an analyst for cbs sports and the golf channel. he is the host of the highly rated weekly program. later this month, he will be in orlando to call the ryder cup. the ryder cup will be played in scotland. the u.s. hopes to bounce back. i'm very pleased to have a david feherty back at this table. welcome. >> thank you. >> tell us about the magic of the ryder cup. >> there's nothing like the ryder cup. i only played in one. in 1991.

it may be the first one that captured her the attention of the american public. it was right at the beginning of desert storm. we had corey and steve. ball caps. there was tremendous american fervor. contentious very among the players. it's could not have been further from the truth. one of the great celebrations of a golf. lost, it came down to the final putt on the final day and the tide stopped coming in to watch. that is what it felt like. it was over that putt. >> do players take it differently? yes. most players who play in the ryder cup will tell you afterwards they never felt pressure like it's.

not even in major championships. >> not just letting yourself down. and a cap didn't you do not want to let it down. it is for bragging rights. -- and a captain you do not want to let down. it is a reason we all to the game up. >> what does the captain bring to it other than pairings? >> i think experience. tom is a terrific guy. >> he did reasonably well throughout his career. >> he did. i wanted to play against town. >> you are still playing with him. >> charlie, among the greatest featsin sports. >> it broke my heart.

>> the ball kept kicking forward. he is the open champion. >> at 60 years old. the british open. >> the ryder cup. what does it look like in the matchup? --as a matchup, i was doing looking through the records. on the european side, one player has a losing record. on the american side only 4 americans have winning records. i will tell you what is says to me. i honestly believe we will win. about the americans because i am an american because when i place allegiance to the flag. the ryder cup as well. [laughter] yeah. i play for the european ryder i am an american.

i feel like an american. >> are the americans favorites? >> no, the best thing they have going for them is they are ranked underdogs. >> for those who have not been to scotland, tell the difference. >> they are playing on the jet nicholson golf course. not a typical jack nicholson golf course like here. it is long. bogs.are cotton it is -- depending on the comment on late september in september, chances it will rain. it might happen. there could be sheep involved. [laughter] >> yes, it's code. >> it will be an interesting test. -- >> yes it could.

he will be remembered as one of the greats. absolutely. i think he would be remembered in that regard. the village -- >> at that is where he is from? >> it is sort of his home course. he takes a lot of criticism from players. was one. i hated playing jet nicholson golf courses. they were too hard for me. -- i hated playing jack nicholson golf courses. it was only after i stopped playing. you have to ask a my wife. certain -- and there's a certain amount of [indiscernible] courses are a bit of examplend it is a prime

and it is just gorgeous and that is the first ink a great golf course should be. the top 10talk about players and give me a sense. mcilroy?lroy? -- rory >> worldly. wonderful butis he does not have the spectacular shots that tiger has. yards butriving 300 you do not have to. [laughter] >> a bill is of the same way. he is at the top of his game. >> absolutely. he plays well. good luck to everybody else. >> that is way it used to be. >> when he was playing well, no one could win if tiger was playing well. when tiger comes back, nobody

else will be able to win. >> we have to have this conversation every time. will he, in your judgment, get his body in a place that is not hurting and house all of the and abilityt he has to turn that he had and the strength in his leg to take the pounding? >> people say to me all the time, do you think tiger will make it back? at the time, he was number one in the world. does not have to play his best to be number one. he has proven that several times as adam scott. he is the james bond of golf. >> what does it mean? >> elegant and a dangerous. although he is not scottish. wonderful player.

he is in favor a scottish independence. how do you feel about it? >> i do not see the point. i do not know what to the advantage is except historical revenge aspect. burns. i am from northern ireland where people fight about something that happened -- pointless. i do not see the point. i really do not. the united kingdom is united. wellrgio has been playing -- >> he just cannot get over the hump and he is one of the players i would love to see him do it. he has such hearts. he is the heart of the european ryder cup. oh, wow.

>> his record. we have coulter on that side. >> a great example when he had the ball that landed or something like that. >> i was there. >> he took time to say to make sure we get her number. >> no one brought it up at the time. he bought his fiancee a ring. you know -- how many diamonds do you have to buy? they found the stone. >> the question about him, why can't he win? a, a big one. does, does all of that talent have a time to flourish? >> he is young enough certainly. >> he came along with tiger? >> yes. i remember the pga championship

and i think he was 21 or 20. the pga championship has a terrific close to it. but, i remember him standing at par 3 at 17. rather on the grain and he -- green and he looked at tiger to tie or something like that. we thought it would be the great rivalry. as good a player as sergio has been, he should have won the open championship. and it's had a number of chances. if he could find what is in his heart at the ryder cup to do that for himself, i think we would see a kid that could still win several major championships. rose andryk and justin bubba watson and rickie fowler.

>> rickie fowler is the american rory mcilroy. he is very similar character. to bejust wonderful around him. he has an infectious you know, spirit. mischievous this to him that you love. his years. beyond if you hadhink practice more and done every possible thing to be great, much admiration, had worked hard and the right work ethic and write practice habits and a great coach, you could have been a top 10? >> no. >> what is the difference? desire to had the

accept the responsibility that comes with being great. you have to want to be in a place where you know you will be exquisitely uncomfortable. there's a conference in mediocrity. i am not saying i was mediocre to stop i played decently. and make a living to play golf, you have to be pretty good. belowable to keep my head that level and people do not expect that much of me. served a 20 year apprenticeship to qualify for the job. >> would you like to do more commenting on international events? and be part of the conversation of people not in the sports business but news? >> in my business, you cannot open your mouth about anything like that. youou are interesting and have opinions. you are a student of history. those are eccentric qualities. >> i was certainly like to

broaden my bandwidth. perhaps, more towards entertainment and you know, we are going to have an opportunity to do that in a small way at the golf channel during the ryder of theause of the way simulcast we have going. we are going to be broadcasting alongside nbc but we are taking the world's feed. myself and justin leonard will be an the studio and orlando and able to break in at any time. it will be a split screen at times and a ticker with social media. a new way of watching. i know i intend of starting a lot of arguments for sure. [laughter] to have you added this table. when ever you are in town, please join us.

is here, one of the most successful technological entrepreneurs. he cofounded paypal. he was the first outside investment in facebook and invest in tech companies. his venture capital firm, computer science that he taught at stanford. a student named blake masters posted his notes on his blog making his lectures and on license station. heating out to write a book which grows out of the class called "zero to one notes on startups, or how to build the future." i am pleased to have peter thiel back at this table. let me read over what one person said. it is roger. corrected -- a gifted repetition --

what do you think about it? >> it is incredibly flattering. i am most embarrassed when i hear something like that. my goal is just to get people -- when you start a company, great companies do things that are unique. they answer a question. what a great business is no one building? what truth do you believe that no one agrees with you on? part of what i try to do with the class in stamford and the book is to encourage people to

think creatively and outside of the box. that is the next generation of great ideas. i think it always is. ,here's always some inspiration very hetero docs idea that people do not think makes sense. personality, do not get distracted they easily. >> and they believe in their idea? their idea ise very important. and even, somehow has more traction. >> have you had a those ideas in your life or have you support others? >> i was a cofounder of paypal. >> it was that kind of idea? >> i think it was the idea. e-mail and money. a new online system.

it often seems straightforward after the fact. it seemed like a no-brainer. e-mail, basic internet. was is just happenstance that so many interesting people came together at one time in of the life of paper -- paypal? read hop --ust, elon musk, reid hoffman. d started you two. a whole set of companies. tube.ad started you it was a unique constellation. startupssuccessful since the classic 1960's companies that companies came out. paypal was the most successful one since then. i think one of the lessons people learned was very valuable. succeed in business,

but it is hard. a lot of ups and downs and you work at it in and up with a successful outcome. that is not of the lesson. either you learn that it is impossible because the business fails or you are in a business that succeeds incredibly quickly. .icrosoft and google people come at a super successful companies where it is too easy and people come out a failed companies that are impossible. paypal was the right in between. not as successful as some other companies by better for the experience of starting new businesses. >> is creating a successful new business prose or poetry? >> it is more poetry than prose. it is not a science. there is no formula. the way i described in my book is the next bill gates will not start an operating system and

arry page will not start search engine and if you copy down, you are not learning. a sense that every great moment happens only once. >> when you say that, there is this -- there is apple and samsung. they are both in the hardware business and operating systems. two very successful copy is creating similar products. apple is moreue successful than samsung. market gaphe largest in of the world. >> people are willing to pay a lot more. is avertheless, samsung very successful company. >> you can have more than one company do the same thing. in most of these sectors i would argue you end up with one company that comes out of way ahead. >> because of the technology

they get such a lead. when you talk about the idea of very few people agree with you on, how many of those ideas have you had? >> i get quite a few ideas in a my book. i spent a lot of time thinking about that question. it is a hard question to answer for 2 reasons. outs always easy to come with new truths. second, in an interview context. you are telling someone something they do not want to hear. it is unconventional and uncomfortable. hard always a little bit to sort of get and motivate people are around these things. i think there are a lot of troops like the best. andruths like of these companies that can be invented. >> to an essay. you said capitalism and competition are opposite.

>> yes. >> monopolies are not a bad thing always? likeey are bad if they are the parker brothers board game with fixed properties and they get shuffled around and you are the rent collector. it is a good thing if you invent something new that people want. apple had a monopoly on smartphones for many years. firstame over the iphone and consumers lined up to buy it. that was monopoly that did not create scarcity but plenty. , you actuallyorld want these breakthrough monopoly businesses and they are protected by the government and patents. >> the "wall street journal" piece. all happy companies are different.

>> yes. again, a theme that competition is greatly exaggerated. if you want a competitive business like the restaurant business. you open a restaurant in new york or san francisco that is super competitive, you will not make money. google is a phenomenal, one of a kind of business at had no series competition for something like 12 years. i think there's something about competition where we overvalue it in our society. prefer the dominant company that owns a huge market share? >> i think it is true in your where we track people from kindergarten to 12th grade and tell people to compete for the same smallest of ivy league schools to get into.

we tell people to try and compete for the same short list of jobs. that's not at the best way for our society to function. it should not just be that you go to yale or jail. [laughter] question same time, a of you arguing that people should not go to college. >> i do not think everybody should do the same thing. i thing there are a lot of talented people who are not necessarily that academically suited. rather dould much something and the business context. >> bill gates, i assume. >> bill gates, mark zuckerberg. quite a large number of these founders. >> they dropped out. they were read in each case that they had come upon an idea that appeal it demanded a great deal of their time.

if they did not do it, someone would jump in. >> if gates had finished college, someone would jumped on microsoft. >> and facebook? >> the same. >> when did you make your first investment? >> 2004. >> you can pick up people with potential. >> you know it when you see at. a combination of talent. it is already getting traction. facebook had 100,000 people on it. they needed money to buy more commute -- computers because it was so much demand. >> do you worry about a tech a bubble? >> i worry that even though silicon valley is doing well and there is innovation around computers and internet and mobile, somehow there's a sense -- in the restnd

of our society, the younger generation -- only silicon valley that is not stagnant or not enough progress for the whole younger generation. >> is this the essence of this book? go ahead. >> i would argue the critical thing into this country is for us to have more innovation am a more technology. innovation, more technology and areas outside of computers. health care. and biomedical and transportation. there are many different areas we can be innovative. technology used to mean all of these things. and often now it means computers. >> will we lose our lead to china? or not because they have inherent social limiting factors? or political? mistakenk it is a big

to underestimate china. i would not say the chinese culture that they are uncreative or cannot innovate. i think the kinds of problems we have is very different from china. china needs to copy things that work for the next 20 years and that is true for the developing nations. they do not need to develop. in the developed world -- >> we need so much room for penetration of things that exist? >> if they copy things that work, they will be ok but we need to innovate. >> you said there's a strange phenomenon in silicon valley that is bad at understanding social cues. >> my ceaseless is we have -- thesis is we have a lots of

great ideas about what we can do but why don't they get implemented? people are discouraged before they are fully formed. my colleague always had this one that he thought creative people were mutants. >> they do not know how to imitate so they had to create. >> they were socially awkward and did not pick up on cues. and so, i wonder if there is something where people are discouraged from being creative and many normal contests -- contexts/ >> advertising funding search engines which make them billionaires will be inherently biased toward advertisers. >> yes. worked for all parties involved at google. it is what is inspiring as a

business is there are certainly parts they reiterated and changed but develop core founding visual was there from the beginning which was to organize all of the world's information. that was the google pension. >> copies have used that revenue stream to go into all kinds of businesses. a town of businesses that have nothing to do with search. >> it is self driving cars. cold care. and many other things. -- health care. have gone into other things. wasn't steve jobs when he came to apple the second time to restrict the number of products? sitting at the very table saying you can put all apples products on this table. important toing stick to your knitting. >> you want to be -- you want to be focused but not both,

complacent. it is the problem with tim cook today. in a sense, there's a straightforward plan for apple reiterating and making phones bigger and bigger screens and will make tons of money. >> part of the response to competition. >> part of the response to sound song. there's a sense to try totally different products. trot a watch or tvs. >> that is on their agenda? -- try a watch or tv. be --ing to continue to >> the same philosophy. they want to sell everything to everybody but they want to do -- >> amazon has been a phenomenal and selling books and cds and everything. and cloud services.

>> cold you admire the most? >> of the next generation, i like airbnb the most. >> is the economic model? >> the economic model. , all ofg fundamentally this inventory in terms of space where people can make more money. subletting rooms. it enables people to travel far more cheaply than they would. it is creating a giant new of theby putting up all inventory data not existed before. it is i.e. they times 10. >> when you look at groupon, what happened there? >> that is a tough question. one of the early signs was the customer's satisfaction levels were low. they felt that if they ended up losing the money. they got customers in four deals and the customers would not come

back. the companies were quite unhappy. even though it was growing, if customers do not like you, that is an early warning sign. >> was there a way to turn it around? but theyprobably was were probably too focused on ofwth and lost a little bit quality of product. >> you said about twitter it does not enough to take our world to the next level. >> we have a tagline on the website. it is not meant to be anti-twitter comment. that is always a sense even though it is a great new communication platform, by itself, it is not enough to take civilization. we need to do something bold and the world of computers and also in everything else and in the world of atoms, energy.

>> what to do think a bitcoin? bitcoin -- paypal tried to develop a new currency in only created a pay meant system. so far it is only working, a speculative currency because it does not have a payment system. with thingsransact that are legal to buy. that is the weird things. they need to get the payments system to work better for bitcoin to take off. it is gone further. >> will they eliminate all potential pay systems, credit cards? are notnk credit cards going away anytime soon. they work pretty well. we could envision system that works seamlessly. but things that work pretty well . when you have some that worked pretty well, it is often hard to go to something perfect.

there's too much friction to adopt. >> what you look for in philanthropy? popular ideas. popular causes get enough money. unpopular causes that are underfunded. i look for things that do not confer status or prestige. substance over status. things that are somehow meritorious. >> does the university system as wellrgraduate system as university system that is much admired around the world, does it reaffirm people in a confirming attitude toward life or do that but also because of the power of learning gives momentum to those who hear different music? >> it a dozen different things

for different people. -- it does different things for different people. changed in some ways from the time when you or i went to college from the experience today where people are amassing vastly more debt. veryions been asked are different. i have been critical of the educational system. even the baby-boom generation think colleges are great. people in the millenial, it resonates. there are experiencing all of the student debt. and they are asking tougher questions about how does it help in our society. how well does it really work. >> tell me about the company. the first big television. >> we have been friends for the past 20 years. >> a magical company. it was another thing that

came out of the paypal mafia. it was basically -- involved computer technology where analysts could visualize patterns. we had a fraud problem at paypal and the solution was not to get computers to find fraud but humans to do it. humans cannot do it because there is too much data. the appears cannot do it because packers change. -- fraud patterns change. it was the right division of labor. getting human analysts. methodologyed that to the national security context. terrorism, national security. >> they do work for the cia. >> a lot of three letter agencies. it is powerful what you can do. counterintelligence. the districtsed in of new york with insider trading

cases. you can basically map all kinds relationships you never would have been possible before. >> back to the internet and twitter. do you worry about a bubble? everybody worries about his song. we saw it in the 1990's and it was excruciatingly painful. -- >> everybody worries about it some. , nothing asing crazy as the 1990's. the businesses looked more real. all of these bubbles are psychosocial phenomena. we do not have an internet bubble today because the public is not involved. the ipo's are happening late. maybe 20-40 a year happening now. a much smaller number. the public is not involved. you cannot have a bubble without the public involved. >> edward snowden? traitor. and

we need to have a debate about the nsa. it is a problem with no internal checks. >> how do you want us to measure your impact? >> that is hard to say. debate, public intellectual, or that you will in a sense support ideas that are transforming this? many oft to work on as these breakthrough technology efforts as i can in the decade ahead. that is what is crippled to our society. i do not have to be the person to building directly. is what is critical to our society. >> when you fail, why do you fail?

>> it is always little things are that go wrong. the technologies do not work. the people blow up internally. is always teams, not just individuals, just rarely individuals. a team of people. high-pressure situation. >> what comes after the internet? >> i think the internet will keep going for a long time. of the near the end internet. the kind of thing i would like to see is us using these computational approaches and all kinds of more real-world contexts. so driving cars, technology -- a self driving cars, turning biology into a science with the promise of economics. can we apply computer science techniques to biology?

can we develop personalized medicine where we can read your dna? >> we know we can do all of those things. >> it is a question of how long -- >> and what combination will create the best result? >> is is something we really want to do or not? the example i give is one out of three people at age 85 and this country have dementia. it should be like a national health crisis. yet, we do not have a war on alzheimer's like we did with cancer in the 1970's. there's a question if we have the will to do enough. >> in you are a libertarian it is sad. -- it is said. rand paul is a libertarian. politically, i am under socially more liberal, fiscally more conservative, less

interventionalists. >> less government? >> less government in general. philosophically, more skeptical of how much politics can do. though rand paul raise manyd will important issues, and to be end of the day, i think technology matters more than politics and that is how we can change our country for the better. >> when you look at isis, is it a problem we have to try and solve? are many organizations in the world just as bad as ices we do not do things all about. 3 million people killed in the 1990's in congo. i think -- >> this one is not different even though goals were about to gain power in a state. this was seems to be more

not only to crave an islamic state but to expand and take on the western world. >> that is the rhetoric. >> that is not true? but the through question is there are so many groups, if you listen to the at a wreck in iran and the rhetoric in russia and maybe we should be bombing is down. >> we should not be taking them as such a large threat? >> if we are going to stop, we should win. we should all go towards we are going to win. >> do we want to pay the price of winning? >> if we do not, we should not get started. >> how does that figure into what the president should do? >> if we do it, let us go in and win it. >> that means boots on the ground.

head,you held a gun to my i would say i will be against doing anything. >> though book is called "zero to one notes on startups, or how to build the future." thank you., back in a moment. stay with us. ♪

>> h.d.s. greenway is here. a former foreign correspondent and has been a former editor. as his time of a foreign correspondent, he covered the vietnam war and he shares his stories and more. they'll book is called "foreign correspondent." i am pleased to have him back. what do you want us to come away? the joy of being a journalist? >> yes, i think so. some of the more amusing stories. we, the team of the book is have constantly made these foreign interventions and so many of them have turned out badly. >> from vietnam to >> iraq, afghanistan.

>> what is the principle that even emerges? >> the principle that it emerges is if you are going to do pagehing like that, take a from george walker bush's playbook. a do what you have to do quickly and get out and do not try to instill them with a american values and change the people into little americans which almost never works. >> were you drawn to cover war? >> i suppose, i did volunteer to go to vietnam, asking "time" magazine if they would send me. i thought it will be the story of our generation. how could i miss that? there is a certain excitement to these extreme cases that i will not deny. >> [indiscernible] who dropped out of college after

his first year and went to vietnam as a photographer. you knew him. >> very well. >> tell me about him. >> he was always very striking. longked to go out in his range patrols that would last week. we will call it embedded but we did not use that word. as you remember, a very attractive figure. and lots of fun. i tried to -- i went to new guinea with him. he was a stringer for "time?" >> he was going to take the photographs and i was going to write the articles but it never gotten on. real reason. life never got around to it. >> you two were having too much fun.

>> we did have a good time together. we walked from the airstrip and found a community where there was no metal except for the head man's belt. she was the only one wearing trousers. place we remote a could find. sean have brought marijuana with him. they smokeposing this rough tobacco called h ash -- hash. i said sean do not do that. he said, do not be so old-fashioned. it will make them jolly. jolly, how do we know does not mean they want to eat us? if you are going to do that, give me a head start. thelked down and got on airstrip and flew away. i ran into him afterwards and asked how it went?

he said it went terrific. they were jolly and singing louder. i did. >> when he was writing? >> "honorable schoolboy." the amusing thing was he was taking photographs. he was a pretty good photographer. and he said, how will i explain myself if you are talking to some source? i said you have these cameras, why don't you take photographs? no one notices photographers. you could be wandering around. and he cans pictures hear everything. no one pays attention. a perfect cover for you. we did. why not send the pictures to "the washington post?" they started to publish his photographs. they wanted to know, what is a credit to line? who is above photographer?

i said, what are we going to do now? he said it let us have a play on words. change it to janet leecar. the credit lines started to appear janet leecar. i got a wonderfully stuffy note from my boss. who had known my wife before i had and was feeling a little protective of her. he said, i do not know who this woman you are traveling around southeast asia is what she is certainly not a photographer. [laughter] vietnam in there for saigon? >> i was. >> we had rory kennedy who made inood documentary capturing terms of recollection and in terms of video. >> i am dying to see it. she focuses on the end.

>> what to do you remember? last day, we all had these little radios you can pick up communications from the embassy. you could buy them for $20 in hong kong. we heard the embassy talking to the marines, the airfield. and they were under heavy fire and 2 marines were killed. the last 2 casualties of vietnam. it was apparent to us it was the last day. is he evacuation was going to come. want to the roof and we saw an airplane shot down and it made us a little nervous. they resisted these activation and they could have shot down a lot but they let us go. a huge panic broke out in saigon. thousands and thousands of vietnamese pressing against the gates of the embassy and trying

to climb over the wall and marines trying to beat them back. a terrible panic. when the last helicopter as otherwas falling, the post guy and i decided it was time to leave. we could see the rain was falling on saigon. we go see the ammunition blowing up. as we crossed the coast, we could see this huge number of small boats. the beginning of the boat people. people fleeing from down the saigon river to the sea. the american fleet was waiting for us. south vietnamese helicopters were flying out from bases and a lending like -- and landing like dragonflies on the water.

they threw the helicopters overboard because there was not room. >> [indiscernible] where were you last overseas? >> i was in afghanistan in 2010. >> how do think that is going to work out? i am a little pessimistic. basically, we switched the power structure. we push off those who always rules and put in the minorities in the same with iraq. we push out the sunnis would always ruled and empower the shiites. majority? >> it was the majority. when you do that, you upset things in a enormous waves. >> congratulations. there was always something romantic about foreign correspondents. addictive.it gets no doubt. once you taste it.

>> "foreign correspondent." h.d.s. greenway, thank you. >> thank you. >> thank you for joining us. ♪

>> this is "taking stock" for monday, september 22, 2014. i am pimm fox. today's theme is leadership. you will hear from the president of colombia, where they are making economic progress. and trying to bring leadership to learning. a foundation has a new prize for software developers, a group helping to teach reading and writing around the world, and it is monday, so once again, my producers will try to stump me with tonight's mystery guest. all of that and more, but first,