basketball courtEvery year much of the country goes “mad” about college basketball.  People who have rabid school loyalties as well as those who actually care about basketball fill out their dream bracket to predict who will win each game up to and including the national championship.  It would be impossible to calculate how many people participate in office pools, dorm challenges, and family bets about individual games or for the best overall bracket.

In 2014 the ante was upped considerably with one contest offering $1 billion to anyone who submitted a perfect bracket.  The contest was run by Quicken Loans and insured by Berkshire Hathaway, but it was the brainchild of Berkshire’s Warren Buffett.… Read the rest