Warren Buffet offers a $1 billion prize...

[estebanrey]

OK so at 9.2 quintillion to 1 it seems rather unlikely (and I'll confess to knowing nothing about the game in question) but if the entry is free it's surely better than playing the lottery, although sadly it seems only eligible to US citizens )...

http://bleacherreport.com/articles/...ion-to-fan-with-perfect-march-madness-bracket

So if you won, would you take the 40 year $25m installment plan or the $500m one off payment. I think I'd rather take the latter given Buffet's age

 

[POB]

$500m then use some of the money to buy more Dogecoins.

 

[mrbios]

I was going to read that article...but then i noticed the cheerleader gallery at the bottom and now there's no chance I'm going back.

 

[D3lirious]

What's the point?

 

[Jono8]

I don't even know what a 'March madness bracket' is and how one makes it perfect.

 

[PapaLazaru]

What's the point?

$500m?

 

[Raymond Lin]

I don't even know what a 'March madness bracket' is and how one makes it perfect.

and enchiladas sounds like a kind of Mexican food.

i want to win it all the same.

 

[Rainagul]

I don't even know what a 'March madness bracket' is and how one makes it perfect.

Same here.

 

[estebanrey]

and enchiladas sounds like a kind of Mexican food.

Probably because they are (but also US slang for money)

 

[qqg3]

What's the point?

Eyeballs. That's all advertisers and companies want, eyeballs and column inches.

 

[D3lirious]

$500m?

Well, with those odds it's a meaningless proposition. You're more likely to win the lottery two weeks running.

 

[Malevolence]

I don't even know what a 'March madness bracket' is and how one makes it perfect.

You have to pick out the winner of all 67 games. It's one of the biggest challenges in US sports betting, but definitely worth a punt for $500 million.

 

[bitslice]

What a moronic idea
pick some extremely unlikely event, win more money than can be spent sensibly.

Good for makers of celebrity champagne, bad for Fusion* research



*insert your worthwhile project here

 

[estebanrey]

What a moronic idea
pick some extremely unlikely event, win more money than can be spent sensibly.

Good for makers of celebrity champagne, bad for Fission* research



*insert your worthwhile project here

Just for your info, Warren Buffet is one of the most well known philanthropists on the planet...

In a letter to Fortune Magazine's website in 2010 Buffett remarked:

My luck was accentuated by my living in a market system that sometimes produces distorted results, though overall it serves our country well... I've worked in an economy that rewards someone who saves the lives of others on a battlefield with a medal, rewards a great teacher with thank-you notes from parents, but rewards those who can detect the mispricing of securities with sums reaching into the billions. In short, fate's distribution of long straws is wildly capricious.

This statement was made as part of a joint proposal with Bill Gates to encourage other wealthy individuals to pool some of their fortunes for charitable purposes.

Bill Gates's wife Melinda urged people to learn a lesson from the philanthropic efforts of the family that sold its home and gave away half of its value, as detailed in The Power of Half.[135][136] On December 9, 2010, Buffett, Bill Gates, and Facebook CEO Mark Zuckerberg, signed a promise they called the "Gates-Buffett Giving Pledge", in which they promised to donate to charity at least half of their wealth over time, and invited others among the wealthy to donate 50% or more of their wealth to charity

 

[bloodiedathame]

I was going to read that article...but then i noticed the cheerleader gallery at the bottom and now there's no chance I'm going back.

Cheerleader gallery you say? *clicks link*

 

[=XDC=FluphyBunny]

The contest is only open to U.S. citizens who are 21 and older

So where is that cheerleader gallery?

 

[Nitefly]

I suspect he actually has a side bet with another rich chum that no one will get it

 

[bitslice]

Just for your info, Warren Buffet is one of the most well known philanthropists on the planet...

Yes, and this idea is still moronic.

If someone wins, it would be the stupidest waste of money ever.


Hey Tony Williams, you've just won $1,000,000,000, what are you going to spend it on?

 

[estebanrey]

Yes, and this idea is still moronic.

I was just pointing out that Buffet does a lot more with his money than offering unlikely gambling prizes. In other words, given how much he gives away to good causes I don't think you can really have a pop over him over this potential, but unlikely prize which is dwarfed by the amount he will give away in total..

If someone wins, it would be the stupidest waste of money ever.

Not really, he's already devoted to giving away half his wealth the charity (around $29 bn) and he's one of the few people on the planet who a billion is small change. Besides, surely giving away a billion to a non-billionaire is less of a waste than just sitting in his bank account doing nothing but gaining interest and making Buffet even richer.

 

[dowie]

Yes, and this idea is still moronic.

If someone wins, it would be the stupidest waste of money ever.


Hey Tony Williams, you've just won $1,000,000,000, what are you going to spend it on?

I'm not sure you can say for sure its a waste of money at this point... assuming someone did win it its rather unknown what they would do with it.