Rich in dollars, what about everything else?

I recently finished reading Alice Schroeder’s extraordinarily well written and researched biography of Warren Buffett.  It is called “The Snowball: Warren Buffett and the Business of Life.” There is plenty of business in the book, but I was more interested in the man.  Although anyone who knows anything about Buffett couldn’t be surprised, I was repelled by his personality and approach to life. Several characteristics especially stood out for me:

There is nothing like a closing. Thankfully.

The truth is I hate closings, which are as ritualized as a religious service.

They never start on time. A key individual always is late. The amount of paperwork is oppressive, and the time taken for lawyerly explanations and writing signatures drags as slowly as a dial-up connection.

Photo by Orin Zebest

What brings up this topic is the closing I attended yesterday. I always go to see a transaction through to its conclusion and provide whatever comfort I can to invariably anxious clients.

Along with the buyer, whom I was not representing, I arrived 10 minutes early. The two of us sat in a downtown law office’s reception room with only five seats for the nine of us and anyone else who had business with the firm.

The buyer and I chatted while the other participants straggled in, wet as they were from the wind-whipped snow.

Finally, we were admitted into a conference room and took seats.