Warren Buffet – The Guy

Raphael January 01, 2014 0 Comment

Billionaire investor Warren Buffett has teamed up with America’s fourth largest mortgage lender to offer one person $1bn if he or she can predict the winner of every game in this year’s men’s college basketball championship tournament.

The winner of the competition can choose to have the $1bn prize paid in 40 annual installments of $25m or receive an immediate $500m lump sum.

“We’ve seen a lot of contests offering a million dollars for putting together a good bracket [picking the winners], which got us thinking, what is the perfect bracket worth? We decided a billion dollars seems right for such an impressive feat,” said Jay Farner, president of mortgage lender Quicken Loans.

“It is our mission to create amazing experiences for our clients. This contest, with the possibility of creating a billionaire, definitely fits that bill.”

Source http://www.telegraph.co.uk/finance/globalbusiness/10588271/Warren-Buffett-announces-basketball-competition-with-1bn-prize.html

Warren Buffet has come up with some of the best quotes to ever touch this word and this is one that has been playing in my mind recentyl…

“Someone is sitting in the shade today because someone planted a tree a long time ago”

All I can say is work hard now and reap your rewards later on

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