Will Warren Buffett And Quicken Loans Repeat Their Billion Dollar Bracket?
It was a huge success, but will they repeat it?
Warren Buffett, billionaire investor and Berkshire-Hathaway president, recently called into The Dan Patrick Show to discuss his partnership with Quicken Loans for the "Billion Dollar Bracket" contest and whether or not March Madness college basketball fans should expect another shot at the big $1 billion win.
“We had a few expenses, but we came out okay; but I would of preferred to see it go a little -- go quite a bit longer,” said Buffett.
“But not all the way, but quite a bit longer.”
He stated he wouldn't have minded giving out the billion collar prize, which could've have been received as a lump sum of $500 million or allocated in installments over a period of years until the $1 billion was reached is someone actually won.
“It would not have bothered me to payout the billion,” said Buffett.
Buffett included that he “would love to do it again,” but it depends on Quicken Loans willingness.
“I would hope that we could get tournament or an arrangement that made it somewhat easier to enter and somewhat easier to win. I'd like to see it — I'd like to modify it a little bit so people had an even better shot than they had this year,” said Buffett.
He teased that they'll probably come up with something even better for next year, if they do throw another March Madness bracket contest.
“I'm ready if they are,” said Buffett cheerily.
Jason Cunningham had no position with the mentioned entities while writing this article.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.