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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: abromber   😊 😞
Number: of 15052 
Subject: BRK and March Madness
Date: 03/17/2025 3:08 PM
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Every year , BRK does a March Madness bracket challenge for employees. Uncle Warren has offered a $1 million prize for years, but no one has ever won it. This year, he is making it a little easier. Employees can win $1 million if they correctly predict the winners of 30 of the 32 first-round games. “I’m getting older,” the famed stock picker, who is 94, told The Wall Street Journal. “I want to give away a million dollars to somebody while I’m still around as chairman.” https://www.wsj.com/sports/march-madness-tournamen...

Berkshire also offers what it calls the “lollapalooza” prize: $1 million a year for life if a single entrant correctly predicts the winners of each of the first 48 games ahead of the tournament’s Sweet 16 round.

The stakes also rise if one of the tournament teams from Berkshire’s home state of Nebraska—Creighton University or the University of Nebraska Omaha—were to reach the championship game. In that case, Omaha-based Berkshire would double the winner’s haul.

The NCAA says that of the more than 150 million verifiable online brackets it has tracked since 2016, only one has correctly picked the first 48 games. So it is hard to do - but fun to try.

You gotta love this company! Go Duke!

abromber
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