, Columnist
Buffett's $1 Billion Safe Bet on NCAA
Warren Buffett’s company has made a $1 billion bet on something most of us already assume to be true: It’s impossible to pick the perfect NCAA bracket.
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Warren Buffett's company has made a $1 billion bet on something most of us already assume to be true: It's impossible to pick the perfect bracket for the NCAA men's basketball tournament.
Berkshire Hathaway has insured a $1 billion prize by Quicken Loans Inc. that would pay the winner $25 million a year over the next 40 years, or one lump sum of $500 million. It's by far the largest payout offered for predicting the National Collegiate Athletic Association's tournament -- Fox Sports recently put up $1 million for the same feat, and Yahoo's contest would have paid $5 million.