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Tag: Mentor

Bitcoin Is A Black Hole For Theoretical Models

Bitcoin both fits into and defies all of the major theoretical models developed in recent history, speaking to just how early we are.

Top Three Reasons Why You Need a Stock Trading Mentor

Master traders Tyson Clayton and Chris Pulver are the creators of the groundbreaking Equities on Demand training program. For more information, watch our Equities on Demand video. Trading the stock markets can be challenging if you don’t have the right tools, education, and guidance in place. That’s because markets change all the time, and so do the prices of thousands […]

The post Top Three Reasons Why You Need a Stock Trading Mentor appeared first on Market Traders Institute.

OpenAI Residency

OpenAI Members of Technical Staff who joined full-time through the Fellows and Scholars programs. Top row (L–R): Nik Tezak, Christina Kim, Reiichiro Nakano. Bottom row: Cathy Yeh, Karl Cobbe, Tyna Eloundou.

As part of our effort to support and develop AI talent, we're excited to announce

Python String Basics, Python String Methods, and Python String Conversions

Get familiar with Python string basics, the most commonly used Python string methods, and a multitude of ways to convert Python methods into Python strings.

JavaScript Splice: What is JavaScript Splice and What Can It Do?

From understanding what the JavaScript splice method is, to learning how it can be used to add and/or remove elements, this article covers JavaScript splice 101

📕 Consumption revenue’s impact on net retention; Average hires are worse than bad ones; Why you shouldn’t bend on partnerships…

Welcome back to The SaaS Playbook, a weekly rundown of the top articles, tactics, and thought leadership in B2B SaaS. Not a subscriber yet? 🥡 Investors and acquirers are showing an increasing openness to software consumption based revenues, as many of them

Learning Django Through Problem-Solving: How A Lawyer Built His Side Project

He's a full-time lawyer with limited free time and a strong urge to build his project. So he learned Django from scratch by tackling one problem at a time.

His National Athlete Background Helped Him Learn Programming

He was a national athlete, then a Cordon Bleu chef, now he's creating an app to help non-native English speakers improve their writing skills.

Mike Welch – A Legend Passes On

It took me a few days to even think about a world without Mike Welch.  Mike was truly a special man.  He was special not in a flashy way but special in a very specific way; he made everyone's life a little bit better.  He was a friend to me, a business mentor to me, a supplier in some instances and he was a model of community involvement for the community my family lived in for so many years.  He made our life better.

I feel a need to tell the story of how Mike and I met and started working together.  In 2004 I was the General Manager of a the Ford Service Parts Business working for Schneider Logistics (SLI).  Ford was building out their Daily Parts Advantage service model and asked SLI to somewhat replicate what we were already doing for GMSPO.  As the GM I had to find dedicated carriers to make all the deliveries nationwide to almost 5K dealers and we were having trouble finding a carrier in Evansville, Indiana.

Luckily, I had an acquaintance who used to sell truck parts but now owned a company called Segmentz.  They were a very small LTL company and at the time Ford wanted to really look at costs and so we took a chance on this small, unknown and very inexperienced company.  Right after we contracted with them they purchased Express-1 from Mike Welch.  This acquisition is what made Express-1 a public company and it turns out the only real profitable part of the merger / acquisition was the part we contracted with for the Ford Service Parts. 

This caused Mike to become President of the combined company and they shed just about everything that was Segmentz.  This is how I met Mike.  I was living in Novi, MI and Green Bay, WI at the time.

Fast forward to 2005 and I had decided to leave SLI and went to Whirlpool in St. Joe Michigan.  One morning I went to get my haircut and who was in the barber chair but Mike Welch!  I was shocked as I really had no idea they were based in Buchanan.  We talked a lot and it turns out Mike was deeply involved in my son's school and he was a great expedite provider to Whirlpool.  This meant I was able to rekindle both our professional work and our personal relationship.   So, what did I learn from Mike:

  1. He was a humble man and he taught me the art of humility.  While being wildly successful in the logistics business he never sought the spotlight.  He made his business better, he took care of his associates and he made his customer's businesses better. 
  2. He taught me about giving back.  While he clearly made a lot of money when he sold to XPO he always took care of the community.  He always was there when we needed him for the boys and girls clubs, the Lakeshore Foundation and anything else which would make the community better.  He was always there.
  3. He never forgot his friends.  While I considered him a friend I would not say we were super close however every time I saw him you would think we had been friends since grade school.  He always had time and he always engaged.
  4. Finally, he was a great businessman.  He was an entrepreneur, he served his customers, he was proud of what he built and he always was innovating.  I learned a lot about just down to earth business concepts from him.
So, we in the logistics and supply chain world lost a great one.  While the company (Express-1) was not as big, I would put Mike up with Don Schneider, J.B. Hunt and all the greats of our industry.  

Mike, you will be missed by all... God Bless you and your family and I hope to see you again...

Read about the history in Mike's own words at this Interview by the Wall Street Journal.

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