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Reading: Warren Buffett Eases Circumstances for $1 Million March Insanity Problem: ‘I Need To Give Away a Million {Dollars} to Any individual Whereas I’m Nonetheless Round’
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StockWaves > Trading > Warren Buffett Eases Circumstances for $1 Million March Insanity Problem: ‘I Need To Give Away a Million {Dollars} to Any individual Whereas I’m Nonetheless Round’
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Warren Buffett Eases Circumstances for $1 Million March Insanity Problem: ‘I Need To Give Away a Million {Dollars} to Any individual Whereas I’m Nonetheless Round’

StockWaves By StockWaves Last updated: March 23, 2025 3 Min Read
Warren Buffett Eases Circumstances for  Million March Insanity Problem: ‘I Need To Give Away a Million {Dollars} to Any individual Whereas I’m Nonetheless Round’
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Warren Buffett has made his annual March Insanity bracket problem for Berkshire Hathaway Inc. BRK workers simpler to win this yr.

What Occurred: The grand prize of $1 million is up for grabs for individuals who can precisely predict the winners of 30 out of the 32 first-round video games of the NCAA’s March Insanity males’s basketball event.

This yr’s problem provides a extra attainable objective in comparison with final yr, when workers needed to completely predict the outcomes of all 32 first-round video games.

Buffett, now 94 years outdated, instructed The Wall Avenue Journal, “I am getting older. I need to give away 1,000,000 {dollars} to any individual whereas I am nonetheless round as chairman.”

Moreover, the problem features a $250,000 prize for the worker who predicts essentially the most right outcomes, ought to the grand prize go unclaimed.

Additionally Learn: Warren Buffett’s Recommendation for Overpriced Shares: ‘Zip up Your Pockets, Take a Trip, and Come Again in a Few Years To Purchase Shares at Low cost Costs’

“You’d wish to suppose one among them had an opportunity of profitable each 4 years. That is what we have been form of fumbling our means towards,” he added.

In 2016, Buffett provided a $1 million annual prize for an worker’s lifetime if they might good the bracket for the primary two rounds. Nonetheless, the grand prize remained unclaimed.

Why It Issues: Regardless of the eased circumstances, profitable the problem remains to be a frightening job. The NCAA estimates the percentages of precisely predicting each sport’s consequence at a staggering 1 in 9.2 quintillion.

Nonetheless, the revised guidelines have actually elevated the probabilities for Berkshire Hathaway workers to stroll away with a major money prize, reflecting Buffett’s need to reward his workers whereas he nonetheless holds the chairman’s place.

Learn Subsequent

Warren Buffett’s Unconventional Profession Recommendation: ‘Don’t Save Your Ardour For Later, It’s Like Saving Up Intercourse For Your Previous Age’

This content material was partially produced with the assistance of AI instruments and was reviewed and revealed by Benzinga editors.

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© 2025 Benzinga.com. Benzinga doesn’t present funding recommendation. All rights reserved.

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