I Wish This Buffet(t) Deal Was in My Hometown
Bracket filled-out? Check. Doing well so far on Day 1? Check. Currently working for Warren Buffet? No…
“In an interview with CNBC last month, Buffett said any employee who accurately predicts all Sweet 16 teams will receive $1 million per year for the rest of his or her life.”
–“Warren Buffett’s NCAA tournament bracket challenge: Perfection earns $1 million a year for life” by Tom Schad, USA Today
“The Oracle of Omaha” is clearly in the spirit of the “one shining moment” in March Madness. This isn’t the first time the 87-year-old has made a similar wager for his employees. And not only is it amazingly generous to award $1 million/year for the rest of your life (damn!), but to award a perfect Sweet 16 is the stunning part of this spectacular monetary equation. Not a perfect bracket or a perfect Final Four, but a perfect Sweet 16. That’s not a slam dunk by any means, yet it is possible with a little bit of luck.
It’s not a chocolate factory, but it’s still pretty good.