Next warren buffett. All of that and more over the next hour. First, lets go to the headlines from our radio cohost carol massar. A five p 500 snapping day slide, gaining more than one percent, after better than expected u. S. Jobs reports. Dropped toyment rate a fiveyear low, payroll with 203,000 jobs added. Sears is looking to spin off its lands end unit which has remained profitable despite the company struggles. And there was much glitz and glamour for todays world cup draw. Rizzo will faced mexico, brazil will face mexico, cameroon, and portugal. Those are some of the top headlines. Massar. You, carol the world mourns the loss of one of its great leaders. Nelson mandela emerged from 27 years in prison to become south africas first elected black president , dying yesterday at the age of 95. The comments of about mandela from former u. S. Vice president al gore, the Democratic Alliance leader, and chris williams. Is probablyndela the preeminent Global Leader for his life of courage and commitment, and inspires me. Nelson mandela is our george washington. He has a legacy internationally, and his legacy is primarily ,econciliation, redress constitutionalism, and the rule of law, open market economies, diversity, and nonracialism. I am extremely sad. It is tragic news. Just remind it what an extraordinary and inspiring man Nelson Mandela was. My thoughts are with him and his family. I want to introduce you now to an ambassador who has dealt with Nelson Mandela in the past, the first woman u. S. Ambassador to south africa, and the senior director for African Affairs at the National Security council, currently a distinct professor at Carnegie Mellon university and also the director of the Carnegie Center for International Policy and innovation. Ambassador, thank you so much for joining us. Tell us about meeting Nelson Mandela in person and what it was like. I first met Nelson Mandela in 2001 at the white house in the oval office when he came to meet with president George Walker bush. I was, of course, like everybody else in the white house, all inspired. Awe he was frail at the time, but he was a very straight up guy, very tall, a magnificent presence. And even though president bush, for instance, help him walk out to the rose garden to make a statement, when his body, the frailty of his body was not matched by the strength of his mind. He was a man of very strong conviction. He had clear ideas about global politics. The meeting really was inspiring to me as a person who works Political Science and international affairs. To see a guy with his experience and conviction, yet still his embrace and outreach to the United States, and frankly, to World Leaders globally. He at one time could deal with the president s vision at the same time dealing with the president of libya and the he ad of the palestinian authority. He was a really man who reached widely for the purpose of bringing peace to this world. Havebassador frazer, you met with many leaders from all over the world, particularly in africa. You have experience in kenya, zimbabwe, somalia. What did Nelson Mandela mean for africa . Nelson mandela is the symbol of freedom in africa. Many of the people across the continent rallied behind the veryapartheid struggle, a long struggle. Remember, the National AfricanCongress Actually started in 1914, and the country did not move to nonracial democratic governance until my 294, which was always the goal of the anc. And whether one is from nigeria or tanzania or closer to home, mozambique, across africa people rallied behind the anc in that struggle. I think president mandela stood for freedom, and he now stands for integrity and perseverance. The continent needs to move towards that in terms of the next phase of the struggle, which is Political Freedom has been achieved now. Economic freedom is necessary. Speak a little about your own experience in relation to the perspective of Nelson Mandela, particularly when it comes to nonviolent protest, and in violence in africa, as well is the work you have done combating aids in africa. I really respect president mandela, again, because of his conviction. He was a person who started as he did, in terms of nonviolent struggle against apartheid regime, and at some point he realized the level of repression of the National Party required a more robust response, which was moving towards arms struggle. Leader likefound a erk who could negotiate with the National Party that was now ready after the mass demonstration movement in south africa, which was ready to negotiate, he said put down your arms. He was a man who looked at the necessary task for the moment at hand. I think his leadership also came thewith the effort to end scourge of hiv and aids in south arica and across africa as whole. He himself said he was slow to realize how deep the crisis of the aids pandemic was, yet when he did he stood up and was a leader and spoke out forthrightly about hiv and aids. He was the type of leader that when we put together the president s emergency plan for aids relief under george w. Bushs administration, one of the key card key area one of the key criteria was to find leaders like Nelson Mandela and others who would speak forthrightly about the challenges, make sure there was no stigma in society, and a specialt to antiviral drugs. , what youdor frazer take away as their reaction to Nelson Mandelas death. Ugabe, in zimbabwe, a colonial past. Many would say that robert and Nelson Mandela, there was a little bit of a rivalry there, particularly on mugabes part because when he became president of zimbabwe he was wrong respected globally he was well respected globally. His economy was starting to fail. It was not a redistribution of land. He then blamed it on the white population and dispossessed them of the land. President mandela when he came to power essentially compromised , and he was very clear he was going to move more slowly on the economic front so that he could to especiallyity the white population there, but there are still these challenges of land reform in south africa that needs to be addressed, but Nelson Mandelas whole demeanor of reconciliation, of reaching andto ones former enemy also the philosophy of the anc Political Party of a nonracial south africa, i think, will lead to very different choices, or lead to very different choices and nelsonert mugabe mandela who stood for and believed and enforced a philosophy of reconciliation, a south africa for all south africans, whatever their race or religion, whatever their nationality or ethnic group. Thank you very much for joining us. Former u. S. Ambassador to south , helpingjendayi frazer us discuss Nelson Mandela, a Global Leader who will be missed. This is taking stock on bloomberg. This is taking stock on bloomberg. I am pimm fox. Robinson cano with a 10 year, 240 million deal with the seattle mariners. Tom devere is not about baseball, it is about football. This time of year is about football. There is a daily alternative for downtrodden fans and gamers looking to make a little money. Street. Com, draft and Barry Stiller has taken notes. His Company Recently purchased draftstreet. Com. Former on the popularity of fantasy leagues, i am joined by their chief executive, brian schwartz. Thank you. Before you came on, you do not expect to be running a company that is doing Fantasy Sports when you were at the university of wisconsin madison, were you . Nope. I knew that i would get into something digital, but Fantasy Sports was a dream i never thought would come true. You had been playing since the age of 11 . Or 12, i was picking up newspapers, checking the stats to see how my team was doing. How does draftstreet. Com work . Drafting a teaminin for the whole season, and you draft a team for the week. You draft a team of players from any nfl team that you want. My team will compete against others for that one week. I will dress a team for this sunday. The end of the games on monday night, the league is over. , the people have signed up for this . 0 we have over 350,00 registered users right now. Sports,ly divided among baseball and football . Football is the most popular, but we did a lot of action in baseball and basketball, and we also have college sports, which is a little lower. Intolly they will come play football, but they see there is basketball and baseball and they will Start Playing those because they still enjoy it. What is a cost to participate street. Com empire . It is free every week. That said, if you want to win a little money, you can wager money. You can wager as much as 400 or as little as two dollars. How do you deal with the loss of prescribed internet gambling and gaming online . The federal government has classified Fantasy Sports as a game of skill, so it is completely legal to wager on Fantasy Sports. By having that the station, you dont have to worry about the rules governing online gaming. Correct, it is in the roles that we are exempt. What is next for draftstreet. Com . Where were you be old and revenue . Where will you be building revenue . There are over 30 million americans playing Fantasy Sports, so we think we can expand. And we can expand to new sports. Were planning on having soccer for the world cup next year. Will you have to hire a lot more people who are more familiar with soccer . Definitely, we want experts in every sport that we offer. The leagues are based on how we price different players. So you get a fair pricing of every player you want to draft, so we went to be experts at soccer as well. How have you done on the website . I only play against my coworkers and friends. I dont want to brag, but i do pretty well. Does barry diller play Fantasy Sports . Not yet. He sees the potential of the product, but i dont think he is a fantasy fan himself. You said more than 350,000 registered users. Do they all pay or some of them free . Will play in , 15 the pay league. Is there an average wager . Each individual over their lifetime will wager somewhere around 3000, 4000. 3000, 4000 . Any specific target as far as active users . Million, 15et to 10 million. We think we can take a bigger part of the Fantasy Sports expand beyond it. People with analytical minds can apply to Fantasy Sports. Us, the you for joining chief executive of draftstreet. Com. Coming up, the business of running a successful art museum. My guest, the director of the gucci museum in new york city. This is taking stock on bloomberg. More americans attended a museum last year than all of major League Sporting events combined. That is according to the American Alliance on museums. St knows about the challenges of running a successful museum, running the ug museum across the river from manhattan. Thank you for coming into taking stock. Somebody get to be a Museum Director . Maybe if you are not really good in finance, you have to find another way. I have always been in love with art and i was very fortunate to find jobs in new york and in the arts. I was the first director of the we havert fund, which had extraordinary supporters, as has been the bloomberg company. I went on to Lower ManhattanCultural Council in the pre9 11 new york city, and then i was with the museum. I have been there 10 years and it has been an exciting trajectory. Michael bloomberg is the founder and majority owner of bloomberg lp, the Parent Company of bloomberg media. The gucci museum, you combined the foundation with the museum. Why that such an usual situation . , youd a Public Foundation are able to do a lot more than in a private foundation. You have to respond to many more laws, you have to have certain percentages of money that you raise versus money coming from the income from an endowment or cash reserve fund, and actually after the museum opened, sandburgin 2004, mr. Approached us and wanted to give us 20 5,000. She could give us the money as a private foundation, but you cannot get a Tax Deduction for it. Robust is a healthy and urbanization, but we did have a deficit. One of the challenges to address was to know longer have a deficit. It created an entity that would enable a structure that would enable one to receive money, and those who gave money to get Tax Deductions was key. So we got a new irs status, c3 charitable foundation, and we also received chi museum. S the nogu prior to that, the Noguchi Foundation which was the museum was a program of. How would you describe the work of noguchi to those are not familiar with this culture or art . York, mother was from new his father was japanese. He called himself a global artist at the time. It was before the motions of multiculturalism and biracial. He was born in 1904. He was extraordinarily prolific in that he worked in parks, landscapes. He was a precursor to all of the artists that went on to be known as earthwork artists. He did parks, playgrounds, theater curtains, theater sets. He had an association with Martha Graham for 50 years. Many people do not realize the big stainless steel piece in rockefeller center, which is in the building, he did that as a young guy on commission. He did the red cubes on wall street, on broadway. Course, thatbe, of lies on its point on one of the corners. The combination of the foundation with the museum, but also bringing added responsibilities in terms of the kinds of programs that you put on. Give us an idea of what you are doing for young people and also outside of new york. We have a cousin museum in japan, which is where his studio was. The works there are owned by an art museum here. We have an interesting symbiotic veryionship and international in scope. We are not just local by any means. Noguchi was the only artist in the United States to found a museum during their lifetime dedicated to his own work. Programs forful little kids, young citizens, art s, which is great for families when they come on saturday mornings and they need to do something with a child and it is early and they come to our museum saturdays and sundays. We also have a lot of family programs. How can people find out more, just go online . Go to our website and come see our fantastic exhibition, which is on right now. Which actually features one of the most imitated chinese artists been focused on as the most forged artist of our times. Thank you very much, jenny dixon, the director of the noguchi museum. On is taking stock bloomberg. This doesnt look like my old mans cadillac. What is the Fastest Growing brand in the world . Cadillac. Yearold brand have what it takes . This is taking stock on bloomberg. I am pimm fox. For todays market moving headlines, lets go to mark crumpton. A frigid winter storm has iced powerlines and runways across the southern United States, grounding over 2000 flights. The subfreezing temperatures have knocked out electricity affecting thousands of customers. It could also affect natural Gas Production in the central u. S. You past tuesday, pimm, spoke to stop the bees about the sale of Bruce Springsteens original born to run manuscript at sothebys. 0ventually sold for 197,00 nearly double the original estimate. Also spoke with christies auction house about it sale of bob dylans 1964 vendor stratocaster electric guitar. It is known as the birth certificate of rock n roll. 000. Y it sold for 965, coming up on bottom line at 7 00, the bank of tokyo mitsubishi will join me, discussing the positive numbers from todays job report. Loss, it is oscar season. The big movies coming out this month. That is coming up tonight at 7 p. M. On bottom line. Hope to see you then. Thank you very much, mark crumpton. Mark, you shouldnt have. My next guest has written a bike from one of the greatest hitters in major league history. Ted williams died more than a decade ago. It took about 10 years for ben bradlee jr. To write his book, the title the kid the immortal life of ted williams, and he gets into ted williams professional and personal life including the controversial decision to freeze his body after his death. Ben, thank you very much for coming in. Journalist, up in boston for many years. Where did you get your love of writing and journalism . Well, you know, i have been in the business quite a while. It might be in the genes, im not sure. I started as a reporter in california, a small paper, the Riverside Press enterprise, i wrote a couple of crime books out there. I had grown up in boston, and when i got a chance to work at the boston globe in 1979 as a young reporter, i moved back home. Who turned you on to ted williams . Williams was a figure in my life. He is perhaps my hero growing up. My room was plastered with pictures of ted williams from magazine photos, and i saw him play as a kid, got his