So this is what the chances are to get into the 1% ...
Warren Buffett might be the epitome of the cautious investor, but he's betting $1 billion on this year's NCAA tournament.
Quicken Loans is offering a $1 billion prize to the basketball fan who submits the perfect NCAA bracket for this year's tournament. And the prize, if there is one awarded, will be paid out by Buffett's Berkshire Hathaway (BRKA, Fortune 500).
The payment would be doled out over 40 years in annual payments of $25 million, or a lump-sum payment of $500 million. If there is more than one perfect bracket submitted, the winning entries will split the money.
Buffett would not disclose the premium that Quicken Loans Chairman Dan Gilbert agreed to pay to Berkshire to cover the potential payout.
"Dan says it is too much and I say it's too little," he told CNN's Poppy Harlow.
http://money.cnn.com/2014/01/21/news/companies/buffett-ncaa-bracket/
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Soon, these will be the chances to get into the middle class ...