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'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down

2

Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for

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The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow

Win Warren Buffett’s NCAA Office Pool and You Could Get $1 Million Per Year for Life

By
Chris Morris
Chris Morris
Former Contributing Writer
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By
Chris Morris
Chris Morris
Former Contributing Writer
Down Arrow Button Icon
March 21, 2019, 12:16 PM ET
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If you’re one of the 375,000 people who, directly or indirectly, call Warren Buffett your boss, you’ve got a chance to win what is arguably the best March Madness office pool in the country.

Buffett, once again, is offering $1 million per year for life to anyone at his companies who perfectly picks the teams that make it into the Sweet 16. That offer extends to Berkshire Hathaway employees, as well as all of the company’s subsidiaries, such as Dairy Queen, Geico, Helzberg Diamonds, and See’s Candies.

If more than one employee is omniscient in their picks, they split the pot.

“All you have to do is get through the first bracket to win $1 million, assuming nobody else wins at the same time—then you split the million,” Buffett told CNBC.

Should no one pick the Sweet 16, whoever lasts longest in the pool without any upsets will win a one-time prize of $100,000 (which is also split in case of multiple people hitting the same point.)

The million-dollar prize pool is a regular occurrence at Berkshire Hathaway. For the past five years, though, no one has managed to win the grand prize.

There are a few more tools to help Berkshire Hathaway employees do so this year, though. Adobe, for instance, has opened its Big Data database up to anyone to help them pick their brackets.

About the Author
By Chris MorrisFormer Contributing Writer

Chris Morris is a former contributing writer at Fortune, covering everything from general business news to the video game and theme park industries.

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