Billionaire Warren Buffett and his company Berkshire Hathaway have invested $1 billion in Quicken Loans as a bet that no one will fill out a perfect NCAA basketball tournament bracket. If anyone were to craft a perfect March Madness bracket, they would receive $25 million a year for the next 40 years, or simply a lump sum of $500 million. Last year, there were no ESPN brackets perfect after the first round of 64, and the odds of making a perfect bracket are 1 in 9 quintillion (quintillion=1,000,000,000,000,000). So it looks like Buffett made a pretty safe bet this time.
http://www.bloomberg.com/news/2014-01-21/buffett-s-1-billion-safe-bet-on-ncaa.html
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