Billionaire Memo
Call Me Ted Ted Turner Read in full · 8 memos drawn

The Library · A calibre in the collection

Call Me Ted

By Ted Turner.

Author
Ted Turner, in their own name
Jewels drawn
8 memos to date

Ted Turner inherited a billboard company, turned a failing UHF station into a superstation, invented the 24-hour news channel, and won the America’s Cup. The book’s usable idea comes from the sailing.

The reframing

After losing the 1974 Cup trials — a public, humiliating defeat — he writes:

“The lessons learned by such a crushing defeat would stand me in good stead for the rest of my life. When I suffer a setback, I don’t think of myself as losing, I’m simply learning how to win.”

— Ted Turner, Call Me Ted He came back and won the Cup in 1977. The line is not motivational filler; it is attached to a specific loss, a three-year gap, and a documented outcome, which is what separates it from the aphorisms usually attributed to him.

Where to be sceptical

Turner explains outcomes through temperament — wanting it more, refusing to quit — which makes the book energetic and largely non-transferable. He is admirably candid about the AOL Time Warner merger that vaporised most of his wealth, and about his bipolar diagnosis, but the analysis of why the merger failed is thinner than the account of how it felt.

Note also that this archive attributed several passages to Call Me Ted that turned out to be Ray Dalio’s, and one that is Jocko Willink’s. Turner is quotable enough that inventing quotes for him is unnecessary; check anything punchy before repeating it.

Read it if

  • You want the CNN founding from the person who bet the company on it
  • You are interested in how competitiveness translates across unrelated domains

Skip it if

  • You want media-industry analysis. Turner narrates; he does not analyse
  • You want a measured account of the AOL Time Warner merger

Read it yourself

Everything above is quoted from the book. If you want the rest of it:

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