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Timing is a critical factor in every deal, and I knew that the time was right for my now historic speech: The Tortoise Briefcase Address. In a deadpan, matter-of-fact manner, I said, "Boys, there's no sense going around in circles all night. It looks like we aren't going to be able work this deal out, so let's just write if off to experience. Hey, it's not the last deal in the world." I then looked at Ernest and said, "Don't worry, I'm working on a lot of other properties. Sooner or later, I'll come across a deal for you where the mathematics make sense." I then turned to the Booze Brothers and said, "As to your properties, I've been talking to several other prospective buyers, and I think I can crank up some serious interest in the next couple of weeks." (You can just imagine how happy Ernest was to hear that.) I then put my papers back in my briefcase, closed it, and snapped the latches shut—very slowly—one latch at a time. Then I rose, smiled pleasantly, started toward the door, paused, glanced back over my shoulder, and, in the most cavalier manner, said, "Why don't you guys get some sleep. I'll be in touch with you in the next couple of weeks." I was conscious of my every move and every word as I completed The Tortoise Briefcase Address in a style that rivaled some of the Booze Brothers' greatest performances. I will always remember the distance—I was approximately three feet from the door—when Ernest and the Booze Brothers yelled out, in unison, "Wait!" That was the most telltale word anyone had ever spoken to me. That one word confirmed that I had been right all along—that this was the right buyer and the right seller in the right place at the right time. What Ernest had meant by that one word was that there was no way, after all the effort he had put into this deal, that he was going to miss the opportunity to propel his company into a significant real estate investment trust just because some real estate broker happened to be crazy. As for the Booze Brothers, the word wait was their way of saying that there was no way, after all the work they had done, that they were going to miss the opportunity to pocket more than $2 million profit just because some real estate broker was too stupid to understand the consequences of his actions.
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Robert J. Ringer (Winning Through Intimidation)