>> when i buy 100 shares of xyz i look at it as buying the whole company. so i've always looked at buying stocks as buying businesses so it wasn't a different situation. i couldn't resell it and i couldn't -- if i owned the stock i couldn't change management which i could if i owned the company but it was basically the same approach. i'm a better investor because i'm a business person and i'm a better business person because i'm an investor. they cross over. >> berkshire hathoway has how many companies? >> about 75 but some of those own more companies. >> so 75 companies, you have about -- >> 270,000 employees. >> how do you manage? you have a small office. how many people do you have managing this? >> we're up to 24. we're on one floor. we're never going to leave one floor. i tell them hire all the people you want but we never leave one floor. if you want people on your lap go to it. >> you sit in your office looking at new ideas for companies? is that how you spend your time? >> i like to read a lot. i read newspapers and all kinds of financial informatio

. >> hey-hey-ho-ho, xyz has got to go.ey, hey, ho, ho. >> caw -- kazinski. >> guys, we have to go. >> that's what i keep hearing. >> we are going to go. >> coming up, should murder be legal if you confess to it before happened? absolutely. it is a story on hooking up we didn't get to last night. can't promise we will tonight either. stick around. you never know. >>> should they stay away from people like beyonce? a panelist suggested the tsa stop patting down recognizable passengers as way to improve crapy customer service. said the chairman, quote, there are certain people that are just so well known, that you just have to use your common sense. if you start patting them down, people are going to say, they are patting down bea yawn say. she is not -- be yawn sai. she is not going to blowup a plane, isn't she? one more thing for the -- >> lightning rooooouuunmnnnndd. lightning round. >> victor, obviously this would be great for you, me and beyonce. will it encourage terrorists to become famous? it is not that hard these dy

they had to go to the press and say this is what you might be think the constitution will do xyz but no, no. be reassured it's not going to do that. this is what it means. so that's the constitution that we should be looking at. that is the founding fathers constitution. that is the constitution as an book over and over again as ratified. that process is very important. again that hold ratification process, the constitution meant nothing until the states decide to ratify it. so that's the over all subject of the book. and going to read you a quote in a few minutes from a founding father of north carolina, and i were refer back to that quote quite a bit. but oftentimes you will get this statement, the founding fathers were just a combative group of people. they denigrate anything. what founders are you talking about? we all know some of the big names, or maybe you know some of the big names, you've probably heard of alexander hamilton. you probably have heard of james madison and john j. they are the authors of the federalist papers. e85 essays in defense of the constitution. so most

they are focused on i'm glad i'm xyz. i got to go where now? i met some small companies that have bids. all that incredible work they are doing. small, little manufacturing business. very precise. they turned their skill into a business that struggled getting their business together but because enough of them banded together, they had success. it seems an incredible track. seems like a huning opportunity for innovation. >> i would like to add to what you just said. i'm on small business council, small chamber, and i've submitted 11 different ideas on how to help the national guard and reserve and that's for the government to put up a pool of money. and that will help maybe 12%-14% of the people in the national guard. but a pool of money where they can draw low-interest or no-interest to buy a pran choose business. because veterans end to hire veterans. if they are in the guard, they can't file a -- against yourself. and while they are gone, their family can be running it while they are deployed and when they come back, there's no loss of benefi

i think politicians when they lay out conditions for debate or i'm not going to debate unless xyz.to suspend the debates and stay here in washington. that backfired. >> bill: absolutely. bob cusack from the hill, managing editor for the hill talking the lay of the land here in washington, d.c. and around the country and would be joined by congresswoman jan schakowsky. >> announcer: this is the "bill press show." live on your radio and current tv. [[vo]]joy behar is coming to current tv for one week only until the fall. what happens if you ask her to tone down her opinions? >>sorry, i can't hear you. what? [[vo]]or tell her she has to stick to a script? >>forget it. [[vo]]that will never happen on current. >>try to be a little more conservative tonight. in 2012 [[vo]]joy behar is coming to current tv for one week only until the fall. what happens if you ask her to desk top, lab top, ipad. iphone. >> pleasant your hearts. >> the big one. >> stephanie: all i know, the little flower is there and it means go to meeting. i love go to meeting. >>it would be terrible if america lost faith

. >> -- got up that morning to give you xyz, and there is no way in this world that you can do anythingso, thus characters in books emerge. >> you think 90% are nice, huh? >> i believe so. >> i believe that, too. >> if you're nice to them. most people prefer it that way, but not all. >> when you put it out there, it's amazing what you get back. >> that's true. >> well, it's a great book. thank you for coming by this morning. >> thank you very much. >> keeps you guessing to the end. "mission to paris." >> on sale now. >>> rent the runway has been called the netflix of fashion. co-founder jennifer fleiss is here this morning. we'll find out how she's making it as a rather different kind of entrepreneur. she's going to share her story when we return. >> there would be times when i would come up with the information. >> we loved reporting. i mean, there was definitely no question he's a better writer than i am. >> that, of course, is charlie rose talking with reporters carl bernstein and bob woodward last night in washington, where charlie still is, by the way. he's there talking about the

get access and we are told that is not the way we do things and we are negotiating, so we cannot do xyz. i think the mindset has to change. these issues have become so important to the way that we live our lives than doing it under the cover of a flight -- night is no longer acceptable, so i appreciate the effort to make the process more open. i hope you put the same effort into getting our u.s. trade representative to be as transparent. [laughter] >> anyone else with that question? if not, i will go to this person here. just wait for the microphone. >> my name is andrea. i am a senate staffer. i am hoping there could be a tag-team on this question. i read the piece in "the wall street journal. you alluded to the fact that there was a lack of leadership on this issue from the u.s., and it sounded like the obama administration and the state department were looking forward to these talks in gaining traction. i was wondering if you could clarify that. second, you had said that with the countries in the member states that everyone was fearful of losing sovereignty and that was something you

. >> -- got up that morning to give you xyz, and there is no way in this world that you can do anythingh? >> i believe so. >> i believe that too. >> if you're nice to them. most people prefer it that way, but not all. >> when you put it out there, it's amazing what you get back. >> that's true. >> well, it's a great book. thank you for coming by this morning. >> thank you very much. >> keeps you guessing to the end. "mission to paris." >> on sale now. >>> rent the runway has been called the netflix of fashion. co-founder jennifer fleiss is here this morning. we'll find out how she's making it as a rather different kind of entrepreneur. she's going to share her story when we return. and that's our quarterly wrap-up. any thoughts? wow. yowza. terrific. incredible. no, i mean, really this is so good. that's great, guys. thanks. off the charts. phenomenal. thank you, i'm just glad we're all on the same page. slam dunk. incredible. mmm. i agree. kick up the flavor with dunkin's new breakfast burritos made with fire-roasted veggies melted cheese, and delicious steak. grab one today. bring on

i don't think anyone would say organization, xyz didn't have enough stock.l question is how do you reduce the risk tolerance, if that's what the goal is. if the goal is to have the banks take less risk, paying more in stock may not be the thing to do. >> one of the headlines we just talked about, briefly mentioned, is that there's a chinese official out saying today that growth could be slower than expected for the quarter, it could come in at 7% versus the 7.9%, which was already going to be the slowest growth we've seen in very long time. if things are really rapidly slowing down in china, what does that mean in terms of of the reverberations around the globe because you talk all the time about how it's the little things but then it's the wave effect that kind of comes around. >> it's all going the same direction. you have this sense -- and not unusual in a recovery from a balance sheet downturn, a financial down thereto thetutur we've seen. it's barely there, the united states, europe clearly. i don't worry as much about china because there's such inheren

raising numbers xyz, raisen number dean foods is the largest costs -- but one of the things that wentis dean foods. >> what's your take on the sell-off yesterday? a buying opportunity? >> i think energy stocks are still too high. i think yesterday a day when bed bath and beyond was a bit jarring, but redhat was down very big. i heard someone say pretty good things about redhat, and i trust him. >> the ceo on the other show, saying that things were looking good. that strength seems to be intact right now. >> and he has a great record. i think that it's important to point out when i hear him on "fast" i say i don't like technology, thisu but this was down six at one point, as opposed to bed bath. that was just someone confused it with best buy. i mean, that was like -- >> one b is a big difference. >> darden, by the way, we had a situation with a dividend boost, not unlike walgreens, which snuck that in. darden -- >> the shares are down premarket. the parent of olive garden and red lobs terse -- the forecast due to weaker same restaurant sales, and bothing the quarterly dividend. olive

experience of getting a home loan and then not long after getting a notice saying, send your papers to xyz company. that is our right the mortgage lenders have, and is recognized the and in addition, the largest mortgage fortune -- services are generally connected to national banks. and on our structure the states are very limited in what they can do to regulate the activities of national banks. some exception. so servicing is a situation where there weren't a lot of legal standards in place. there's some protections but coverage is a small part of it. so the ag settlement went beyond just addressing the robo-signing. one of the key parts described here was set out, basic rules of the road for servicers. not all the servicers but all the large servicers are participants and signed on to the settlement. real quickly, the big things they did were, they reformed servicing requirements set out in detail. pages and pages, which i know a lot of y'all haven't had time -- but implementing. and they said that standard rules like all these major servicers which will provide more certainty and more c

>> why buy a hundred shares of xyz company i look at it as buying the whole company. and so i've always looked at buying stocks as buying businesses. so it really wasn't a different situation. now, i couldn't resell it and i couldn't -- if i owned the stock i couldn't change management which i could if i opened the whole company but it was basically the same approach. i'm a better investor because i'm a business person and i'm a business person because i'm an investor they cross over. >> but today they have how many different companies that are part of it? >> about 75 and some of those own more companies. >> so 75 companies. you have about -- >> 270,000 employees. >> how do you manage all? you have a very small office. how many people do you have in your office? >> we're now up to 24. we're on one floor. i tell them hire all the people they want but we're not going to leave one floor. so if they want people sitting on their lap, go to it. >> so you sit in your office during the day looking at new ideas for companies? is that how you spend your time? >> i like to read