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Book Summary-Call Me Ted by Ted Turner.

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Call Me Ted is a great autobiography about the life of Media Mogul Ted Turner, the founder of the Cable News Network (CNN), the first 24-hour cable news channel. The book is a no-holds-barred and vulnerable story of his life, his upbringing, lessons learned from his dad, Sister’s Death, Parent’s Divorce, and Father’s Suicide, his turbulent marriage life (3 Divorces), his business philosophy, becoming a billionaire, his boisterousness, his love for sailing, buying the Atlanta Braves among other inspiring stories.

“Son, you be sure to set your goals so high that you can’t possibly accomplish them in one lifetime. That way you’ll always have something ahead of you. I made the mistake of setting my goals too low and now I’m having a hard time coming up with new ones.”

Ted became one of the richest men in the world, the largest land owner in the United States, revolutionized the television business with the creation of TBS and CNN, became a champion sailor and winner of the America’s Cup, and took home a World Series championship trophy in 1995 as owner of the Atlanta Braves.

An innovative entrepreneur, outspoken nonconformist, and groundbreaking philanthropist, Ted Turner is truly a living legend, and now, for the first time, he reveals his personal story. From his difficult childhood to the successful launch of his media empire to the catastrophic AOL/Time Warner deal, Turner spares no details or feelings and takes the reader along on a wild and sometimes bumpy ride.

Here are my favourite take aways from reading, Call Me Ted by Ted Turner.

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Book Summary: Invent and Wander: The Collected Writings of Jeff Bezos.

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“Smart people are a dime a dozen and often don’t amount to much. What counts is being creative and imaginative. That’s what makes someone a true innovator.” – Walter Isaacson

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In Jeff Bezos’s own words, Invent and wander highlights the core principles and philosophy that have guided him in creating, building, and leading Amazon and Blue Origin. Jeff Bezos is one of my favorite entrepreneurs not only because he is the richest man in the world, but because of his long-term view of business and life.

In this collection of Jeff Bezos’s writings—his unique and strikingly original annual shareholder letters, plus numerous speeches and interviews that provide insight into his background, his work, and the evolution of his ideas. Spanning a range of topics across business and public policy, from innovation and customer obsession to climate change and outer space, this book provides a rare glimpse into how Bezos thinks about the world and where the future might take us.

Invent and Wander: The Collected Writings of Jeff Bezos is a very great book that shares the fascinating and inspiring story of Jeff Bezos, how he started Amazon, his obsession to create the most customer-centric company in the world, his core philosophical frameworks such as It is always day one, regret minimization, disagree and commit among others.

Here are some of my favorite takeaways from reading, Invent and Wander: The Collected Writings of Jeff Bezos:

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Book Summary: Grinding It Out: The Making of McDonald’s by Ray Kroc.

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“As long as you’re green you’re growing, as soon as you’re ripe you start to rot.”

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Ray Kroc was a quintessential salesman with a bias for action before turning McDonald’s into a household name; Ray worked various jobs selling paper cups, as a real estate agent, sometimes playing the piano in bands, milkshake mixer salesman, among other gigs. The 2016 movie, “The Founder,” starring Michael Keaton as Ray Kroc, portrays the story of his creation of the McDonald’s fast-food restaurant chain. 

The title “Grinding it out” brings to mind the long apprenticeship of over thirty years during which Ray Kroc worked for others as a salesman and sales manager and later in his own small business. For the great opportunity of his life did not come until 1954 when he was fifty-two, an age when some executives are beginning to contemplate the greener pastures of retirement.

There is a tide in the affairs of men, Which, taken at the flood, leads on to fortune; Omitted, all the voyage of their life Is bound in shallows and in miseries. On such a full sea are we now afloat, And we must take the current when it serves, Or lose our ventures. —Shakespeare, Julius Caesar

After World War II, Kroc found employment as a milkshake mixer salesman for the foodservice equipment manufacturer Prince Castle. When Prince Castle Multi-Mixer sales plummeted because of competition from lower-priced Hamilton Beach products, Kroc was impressed by Richard and Maurice McDonald who had purchased eight of his Multi-Mixers for their San Bernardino, California restaurant, and visited them in 1954.

By the time of Kroc’s death, the chain had 7,500 outlets in the United States and 31 other countries and territories. The total system-wide sales of its restaurants were more than $8 billion in 1983, and his personal fortune amounted to some $600 million.

McDonald’s is the world’s largest restaurant chain by revenue, serving over 69 million customers daily in over 100 countries across 37,855 outlets as of 2018. McDonald’s is the world’s second-largest private employer with 1.7 million employees (behind Walmart with 2.3 million employees). The $100 billion in sales generated by McDonald’s company-owned and franchise restaurants in 2019 accounts for almost 4% of the estimated $2.5 trillion global restaurant industry.

Here are my favourite takeaways from reading, Grinding It Out: The Making of McDonald’s by Ray Kroc:

Everyman makes his own happiness and is responsible for his own  problems.

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Book Summary – Made In America by Sam Walton.

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“With the possible exception of Henry Ford, Sam Walton is the entrepreneur of the century.”- TOM PETERS, co-author of In Search of Excellence

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Made In America is the story of how Sam Walton built a retailing empire, “Walmart” from a humble upbringing. He started it from a single dime store in a hardscrabble cotton town (Arkansas) into the largest retailer in the world. In a story rich with anecdotes and the “rules of the road” of both Main Street and Wall Street, Sam Walton chronicles the inspiration, heart, and optimism that propelled him to lasso the American Dream.

Wal-Mart Stores Inc. grew to be the world’s largest corporation by revenue and the biggest private employer in the world. For a while, Walton was the richest man in America. As of July 31, 2020, Walmart has 11,496 stores and clubs in 27 countries, operating under 56 different names.

I think it must be human nature that when somebody homegrown gets on to something, the folks around them sometimes are the last to recognize it.

The company which Sam built Walmart is the world’s largest company by revenue, with US$514.405 billion, according to the Fortune Global 500 list in 2019. It is also the largest private employer in the world, with 2.2 million employees. It is a publicly-traded family-owned business, as the Walton family controls the company. Sam Walton’s heirs own over 50 percent of Walmart by holding company Walton Enterprises and their holdings.

Sam Walton was a relentless, hands on entrepreneur who led by example. In his own words:

I don’t know that anybody else has ever done it quite like me: started out as a pure neophyte, learned his trade, swept the floor, kept the books, trimmed the windows, weighed the candy, rung the cash register, installed the fixtures, remodeled the stores, built an organization of this size and quality, and kept on doing it right up to the end because they enjoyed it so much. No one that I know of has done it that way.

Here are my favourite take aways from reading,Made In America by Sam Walton:

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Book Summary – How Life Imitates Chess by Garry Kasparov

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“Chess is above all a struggle, the point is always to win, no matter how you define winning.” – Emanuel Lasker of Germany, the second world champion

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Garry Kasparov was the highest-rated chess player in the world for over twenty years and is widely considered the greatest player that ever lived. In How Life Imitates Chess, Kasparov distills the lessons he learned over a lifetime as a Grandmaster to offer a primer on successful decision-making: how to evaluate opportunities, anticipate the future, devise winning strategies.

He relates in a lively, original way all the fundamentals, from the nuts and bolts of strategy, evaluation, and preparation to the subtler, more human arts of developing a personal style and using memory, intuition, imagination and even fantasy. Kasparov takes us through the great matches of his career, including legendary duels against both man (Grandmaster Anatoly Karpov) and machine (IBM chess supercomputer Deep Blue), enhancing the lessons of his many experiences with examples from politics, literature, sports and military history. 

“The stock market and the gridiron and the battlefield aren’t as tidy as the chessboard, but in all of them, a single, simple rule holds true: make good decisions and you’ll succeed; make bad ones and you’ll fail.”

Here are my favourite take aways from reading How life Imitates Chess by Gary Kasparov:

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Book Summary: Hustle Harder, Hustle Smarter by Curtis Jackson (50 Cent)

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Hustle Harder, Hustle Smarter by Curtis Jackson (50 Cent) is a very great read as the rapper shares his success secrets on how he has managed to stay relevant in the past twenty years. He has transitioned from peddling drugs on the streets to Rapping, then Executive Producing hit TV Shows such as Power and For Life; he has also written two great books – 50th Law with Robert Greene and now Hustle Harder, Hustle Smarter.

50 Cent is one of my favorite entertainers, although he can be controversial there is a method to his madness. He is relentless and always gets things done and that is what matters in the end: RESULTS.

People like to say I’m a bully, but I have zero problem poking fun at myself if it helps build buzz. An actual bully doesn’t possess that sort of self-awareness. Their skins are way too thin to post those sorts of pictures of themselves. But I’m not moving off emotion. My skin is tough enough to do whatever it takes to keep my brand poppin!

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Book Summary – The Ride of a Lifetime: Lessons Learned from 15 Years as CEO of the Walt Disney Company by Bob Iger

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In The Ride of a Lifetime, Bob Iger shares the lessons he learned while running Disney and leading its 220,000-plus employees, and he explores the principles that are necessary for true leadership,

The ride of a lifetime book is about the relentless curiosity that has driven Iger for forty-five years, since the day he started as the lowliest studio grunt at ABC. It’s also about thoughtfulness and respect, and a decency-over-dollars approach that has become the bedrock of every project and partnership Iger pursues, from a deep friendship with Steve Jobs in his final years to an abiding love of the Star Wars mythology.

Managing your own time and respecting others’ time is one of the most vital things to do as a manager

Bob Iger is one of my favourite business executive of all time and the Walt Disney Company, a paragon of excellence. In the book, Bob shares a lot of insights such as: fostering curiosity, pursuit of excellence, integrity, taking full responsibility for your actions, decisiveness and candor, I find the Ride of a lifetime by Bob Iger to be a very good read and I would highly recommend it.

Innovate or die, and there’s no innovation if you operate out of fear of the new or untested.

Here are some of my favourite take-aways from reading the Ride of a lifetime by Bob Iger:

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