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Now is a pretty good time to be working at Warren Buffett’s Berkshire Hathaway, particularly if you’re a fan of college basketball.
On Monday, Buffett appeared on CNBC’s Squawk Box and made an enticing offer. His company will give $1 million a year for life to any employee who can correctly guess the Sweet 16 round in the upcoming NCAA tournament. Sh*t just got extraordinarily real for March Madness.
“We also have a prize of $100,000 for whoever goes the furthest,” Buffett said. “Last year, we had two fellows that tied. One of them knew a lot about basketball; the other didn’t know anything about basketball, but they each got $50,000 out of it.”
Last year saw north of 85,000 contest entries. This year, Buffett is expecting more than 100,000 entries.
March Madness will begin on March 14 and end on April 3.
Buffett has long been a fan of college basketball. In 2014, Berkshire’s Quicken Loans offered a staggering $1 billion for anyone who filled out a perfect March Madness bracket. Then again, the odds of doing it are 1 in 9.2 quintillion, so…
Good luck, bracketologists. Get out there and win some money.
