Financial guru Warren Buffet's company, Berkshire Hathaway Inc., is insuring the colossal prize that would go to someone who successfully picks all 64 team brackets in the NCAA men's basketball tournament –- a feat so complex that the company is betting $1 billion it won't happen.
The prize is being offered by Detroit-based Quicken Loans Inc., the nation's fourth-largest mortgage lender, and would be doled out in 40 annual installments of $25 million, unless the winner opts for a single lump-sum payment of $500 million.
Free registration for the Quicken Loans tournament starts March 3 and will run until March 19.
Well, here you go. A riskless chance at $1 Billion dollars.
You can bet sharps everywhere are in on this like a wedgie on the fat kid at camp.
The prize is being offered by Detroit-based Quicken Loans Inc., the nation's fourth-largest mortgage lender, and would be doled out in 40 annual installments of $25 million, unless the winner opts for a single lump-sum payment of $500 million.
Free registration for the Quicken Loans tournament starts March 3 and will run until March 19.
Well, here you go. A riskless chance at $1 Billion dollars.
You can bet sharps everywhere are in on this like a wedgie on the fat kid at camp.
