You believe that nobody agrees with you on . And part of what i tried to do with the class at stanford and what im trying to do with this book is really to encourage people, think creatively, think outside of the box. Rose we conclude with h. D. S. Greenway, and his book is called Foreign Correspondent. And he said they gave him marijuana. And i said dont do that. Come on. He said dont be so old fashioned. You dont believe in reefer madness, do you . Youll make them jolly. I said, sean how do we know jolly doesnt mean they want to eat us . Rose feherty, thiel, and greenway when we continue. Captioning sponsored by Rose Communications from our studios in new york city, this is charlie rose. Believe i i had a flicker y about john daly and an innocent beer can. Oh, my. Its only going to hurt for a minute. Hurry up. Ready . Uhhuh. Tada rose David Feherty is here. Hes a former professional golfer. He is now an analyst for cbs sports and the golf channel. He is the host of the golf channels highly rated Weekly Program feherty. He will be in orlando to call the 40th ryder cup where the United States faces off against europe. It will be played in scotland. The u. S. Hopes to bounce back from a heartbreaking defeat two years ago. Im very happy to have David Feherty back at this table. Thank you, charlie, its nice to be back. Rose just tell us. Magic of the ryder cup . Theres nothing like the ryder cup. I only played in one, 1991, the war of the shore. It might have been the first one that captured the attention of the american public. It was right at the beginning of desert storm, and we can cory paven and stige page with their desert storm ball caps and there was tremendous american fervor. And the perception of that particular ryder cup was that it was very contentious among the players. In fact, that couldnt have been father from the truth. This was one of the great celebrations of the golf it was the greatest i had ever been involved in, even though we lost. It came down to the final cup of the final group of the final day, and the tide upon stop coming in to watch. Thats what it felt like. The silence was deafening. Its what the ryder cup was all about. Rose do players take it differently . Yes, no question. I think most players that play in the ryder cup will tell you afterwards that they never felt the pressure like it, not even in major championships because youre not just letting yourself down. Exactly, youve got that flag on your back and 11 men and a captain you just dont want to let down. But theres no money involved. You know, its for bragging rights. We want our team to win. Its like being a kid again to a certain extent and she its the reason we all took the game up in the first place. Rose tom watson is the head of it this time. Yes. Rose what does captain bring to it, other than selecting pairings . I think experience. Tom watson, a terrific ryder cup player. Rose yes. I wouldnt have wanted to play against him. Rose and still playing yell wl. Oh, yes. Yeah, amazing. Rose notwithstanding how well he did at the british open a couple of years ago. Charlie, that would have been ranked among the greatest feats in the world of sports. It broke my heart. The ball kept kickinged for the last two holes. One pounce on the green, and he is the open champion. Rose at 60something. At 60 years old to win your sixth british open. I mean, its just its unthinkable. Rose the ryder cup what, does it look like as a matchup . It looks as a matchup, i was just doing a little looking through the records. Rose yes. On the european side one player has a losing record out of 12. On the american side, only four players have winning records. Rose so what does that say to you . Well, ill tell you what it says to me. I honestly believe that well win, and when i say we im talking about the americans because im an american. When i pledge allegiance to the flags naturalized in 2010. It was pledge aliege asbestos to the ryders club as well. Rose you switched sides. I played for the european ryder cup team, but im an american, and i feel like an american. I support our boys. Rose do you think the americans are favorites . No, no. Rose because of what you just said. And thats the best thing theyve got going for them. They are rank underdogs. Rose for americans who have never been to scotland, tell us the differences of those courses. Theyre playing an American Golf course. Theyre mott playing the kings or queens. Theyre playing the Jack Nicklaus golf course there. It wont play like a typical course here. Rose is it long . Its long but its heatingland, and there are cotton bogs and its depending on the weather, late september in scotland, chances are it will rain. It will rain, yeah. Just the off chance it might happen. Rose maybe windy . Could happen, yeah. There could be sheep involved. Its yes, it could. Rose it will it will be an interesting 7 test because it will be an interesting test because of the design and the place we fiend our golf course. Rose jack is a good golf course designer . I think hell be remembered as one of the greatests. Rose really . Yes. Rose hes the donald ross of his time . I think hell be remembered in that regard. Mired field village. Rose thats where hes from, isnt it . Yes, thats sort of his home course, if you like. He takes a lot of criticism from players and i was one of the you know, i hated playing Jack Nicklaus gowfl courses. Rose why . Because they were too hard for me. I did a lot of whining. laughter and it was only when i quit playing they really began to appreciate so when you sobered up, did you stop whining . To a certain extent, yes. I think youd have to ask my wife. Theres still a certain amount that goes on in the feherty household. But, you know, jacks golf coursecourses are, for the most, theyre a beautiful walk, and mirfield village being a prime example. Its just gorgeous, and thats the very first thing a great golf course should be. Rose let me talk about the top 10 players and give me a sense of each of them, what comes to mind when i say their name. Roar mcelroy. Otherworldly. People say to me a game youre not familiar with. People say to me hes wonderful but he doesnt hit the spectacular shots. Rose he doesnt get in the same trouble. He keeps driving 340 yards down the middle of the fairway you dont have to. Rose or bill is the same way. But hes obviously at the top of his game. Yeah. Rose hes best player in the world. Absolutely. Rose even if he department have those point. If he plays well, good luck to everybody else. Good luck, yeah. Rose thats the way it used to be for tiger, right . Yes. Rose if he was playing well nobody else could win if tiger played well. When tiger comes back, charlie, if he plays well, nobody else will be able to win. Rose we have to have this conversation every time, because im interested, and, therefore, im boring will he, in your judgment, get his body in a place so that its not hurting that he has all the strength that he has, and all the ability to turn that he has, and the strength in his leg to take the pounding that it does . If he does, then people say to me all the time, do you think tiger will make it back . Well you know at the time he was number one in the world. How far backer would you like to get . You know . I mean, he doesnt have to play his best to be number one in the world. Hes already proven that several times. Rose adam scott. Continues to be at the top. Hes the james bond of golf. Rose what does that mean . Well, hes just elegant and dangerous. You know, although, hes not scottish. Rose hes an aussie. Yeah wonderful player. Rose bond conroy is in favor of Scottish Independence . Oh, really. I didnt know that. Rose how do you feel. That, Scottish Independence . I dont see the point to be honest with you. I dont know what the advantage is, except for the historical revenge aspect, you know, banac burn im from Northern Ireland where people fight about, you know, something that happened in scene 90. 1690. Rose in a very bloody way. I dont see the point of it, i really dont. The United Kingdom is united and i hope it stays that way. Rose sergio has been playing well but not quite able to get i know. He just cant get over the hump. And hes one of the players they really would love to see me too. Love to see him do it because hes got such heart. Hes the heart of that european ryder cup side. He has a phenomenon nan 1684, his record. And weve got coulter on that decide who is 1230. Rose i thought it was a great and which, when he had the ball that landed and broke the womans ring or Something Like that . Yes, i was there. Rose he took to to say he had to play the game make sure we get her phone number. Amidst all his mind was focused on. No one brought it up at the time, but he just bought his fiance a ring. So, you know, how many diamonds do you have to buy . Fortunately, they found the stone. Rose so i mean, the question about him, why cant he win . A. You know, a big one. And, b. , will all of a sudden that talent have a chance to surface . Hes young enough. Rose he came around about the same time as tying jeer i think around 2000 at medina, the p. G. A. Championship. I think he was 21, or maybe 20. And as the p. G. A. Championship always has a terrific close to it for some reason. But i remember him standing on the tee at the par3, 17th, or rather on the green, and he looked back at tiger, i think it was to tie or stay a shot behind or Something Like that. It was just a magical moment, and we thought that was going to be the great rivalry. You know, as good a player as sergio has been, really shf won the open championship, and has had a number of chances. Just, you know, if he could find, you know, whats in his heart at the ryder cup to do that for himself, you know, i think wed see a kid that could still win several major championships. Rose the rest of the 10 is Henrik Stenson and jim furyk, justin rose, bubba watton, jason day, matt giewcher, and rickie fowler. Rickie fowler is the american rory mcelroy. Hes a very similar character. You know, its just wonderful to be around him. He has an infectious, you know, spirit that a mischievousness to him that you love. And, again, wise beyond his years. Rose do you think if you had practiced more, had done every possible thing to be great, had major body specimen of much admiration, had worked hard, had the right work ethic, had the right practice habit, had a great couch, that you could have been a top 10 golfer . No. Rose really. No, i dont. Rose whats the difference, because you dont have some what . Yeah, i never had the desire to accept the responsibility that comes with being great. You have to want to be in a place where you know youre going to be exquisitely uncomfortable, and i theres a comfort in mediocrity, and, you know, im not saying that i was mediocre. Rose you werent. I played decently and to make a living playing golf you have to be pretty good at it, and i did it for 20 years. But i was able to keep my head below that level, and people didnt expect that much of mee. And i felt like i served a 20year apprenticeship in order to qualify for the job i have now. Rose it was almost like you were born for this job. Someone on television who engages us as an observer of being there. Well i think where im from has a great deal to do with that, charlie. You tend to see the accident from the other side of the street. Rose yeah. When you grow up in an urban warfare environment i didnt growum igrow up in a dangerous , but i grew up in an environment where there was danger all around, not necessarily in the area they lived in, but it was there were troops on the street, blockades, pom bombs that went f every night, reminiscent of what we see in the middle east every day. Rose would you like to do more commenting on International Events and be part of that conversation as say i am, people not in the sports business but the news business. In my business, you cant open your mouth about anything like that. Rose are yo youre interest, youre intelligent. You have opinions. You are a student of history all those are essential qualities. I would certainly like to wrawden my han my banded width e industry. Under perhaps towards entertainment. Were going to have an opportunity to sort of do that in a small way at the golf channel during the ryder cup because of the way with the simulcast we have going. Were going to be broadcasting alongside nbc, but were taking the world feed and the bureau will hear the european announcers, and lanny watkins, myself, justin leonard, and david duval will be in the studio in orlando and able to break in at any time. And it will be a split screen at times. There will be a ticker with social media, just a new way of watching. And i know that i intend to start a lot of arguments. Thats for sure. laughter rose its a pleasure to have you at this table. Whenever youre in town. Come see us. Thank you, charlie. Rose back in a moment, stay with us. Peter thiel is here, one of the most successful entrepreneurs in the world. He copounded paypal and the Data Mining Company pallent year. He was the first outsider investor in facebook, and continues to invest through his Venture Capital firm. Computer science 183 is a course he taught at stanford. A student named Blake Masters began posting his note on his blog making his lectures an online sensation. They teamed up to write a book, zero to one notes on startups, or how to build the future. Im pleased to have peter thiel back at this table. Welcome. Charlie, thanks for having me on the show. Rose this is roger parled of, fortune magazine, september 4, 2014 what do you think of that . Thats incredibly flattering. Im always embarrassed when i hear Something Like that because its so hard to live up to. My goal is really to get people to when you start a company, Great Companies cothings that are unique. They want to answer questions, what great business is nobody building. The intellectual question you want to answer is what truth do you believe that nobody agrees with you on . And part of what i tried to do with the class at stanford and what im trying to do with this book is encourage people to think, think creatively, think outside of the wox, because i think thats how the next generation of great ideas. Rose thats what is behind great businesses . I think there is always some inspiration, some very heterodock idea that people dont think make sense. Theyre extreme personalities, stubborn, and dont get distracted easily. Rose and they believe in their idea. They believe their idea is very important. You know, and even and somehow has more traction have you had those ideas in your life or have you simply supported other peoples ideas . I was the cofounder of paid pal that was that kind of idea . I think it was a big idea. It was linking email and money and this was a way you could create a new online Payment System. These ideas often seem quite straightforward after the fact. So it seems like a nobrainer to buy an email, the basic Internet Application with money glfs is just happenstance that so many interesting people came together at one time or at another time in the life of paypaul, you, elon musk, reid hoffman. There was david sacks, who started yammer, jack hurley started youtube. A whole set of companies came out of paypal. Its hard to say. I think there was this unique constellation. It was the most successful startup since fairchild semiconductor, the classic 1960s company out of which all the Semiconductor Companies came in the late 60s and 70s in Silicon Valley and paypal was the most successful one since then. One of the lessons people learned at paypal that was very valuable. You can succeed in business but its hard. You have a lot of ups and downs and work at it and you can have a successful outcome. That is not the lesson you mostly learn. You mostly either learn thats that its impossible because youre in a business that fails, and you conclude its impossible to do something. And youre in a business that succeeds quickly and well which is probably true for microsoft and google. People coming out of super Successful Companies learn its too easy, and people who come out of failed companies learn its impossible. And paypaul was probably right in between. It was better the experience for starting new businesses. Rose is creating a successful new business prose or poetry . Its more poetry there is apple and samsung, both in the hardware business and software businesses. Theyre Companies Creating similar products. I would argue apple is vastly more successful than samsung it has a product people want someone sma more are willing to pay a lot more for. Has a better brand. Rose nevertheless, samsung is a very successful company. Absolutely. You can have more than one company do a certain thing. The but in most of these sectors, i would argue, you end up with one company that sort of comes out way ahead of everybody else. Rose and because of that technology and software they get such a lead. When you talk about this idea of what important truths do very few people agree with you on, how many of those ideas have you had . Well, i give quite a few ideas like this in my book. And i spend a lot of time thinking about that question. Its a hard question to answer for two reasons. First, because its not always easy to come up with new truths. But secondly, if you think of it literally in the interview context, youre telling someone something they dont want to hear. Its often uncomfortable. Its unconventional. And so its always a little bit hard to sort of get at and motivate people around these things. But i think there are i think there are a lot of truths like this. I think there are a lot of great new Technology Companies that can be invented. Rose in an essay im turning to monollies in competition you say contrary to popular belief, capitalism and competition are opposites. Yes, yes. Rose monopolies are not a bad thing always. Theyre a bad thing if theyre like the Parker Brothers board game where you just have fixed properties and they get shuffled around and youre just a rent collector. Theyre a good thing if you in