Your perfect NCAA bracket is worth $1 billion – and Berkshire, Buffett have it insured

[Omaha Steve]

Hosts this is not a sport story. It is insurance and office gambling etc.


http://www.omaha.com/article/20140121/MONEY/140129816/1685#your-perfect-ncaa-bracket-is-worth-1-billion-and-berkshire-buffett-have-it-insured

By Steve Jordon

So, how much did Quicken Loans pay Berkshire Hathaway Inc. to insure the billion-dollar prize for predicting every winner in this year's NCAA men's basketball tournament?

"Too much," said Quicken's Dan Gilbert.

"Not enough," Berkshire's Warren Buffett told The World-Herald.

The two CEOs were clearly having some fun with Quicken's promotional contest, which promises a $1 billion payout for a perfect bracket in the March Madness tournament that starts March 18.

FULL story at link.

[Scuba]

1. I got this.