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Get Your Game Face On ! Win Buffett's $1 Billion Hoops Contest
Cute publicity stunt; but did they really buy insurance against a winner? While the quintillion to one odds are overstated, it's probably worse than 1 quadrillion to one, if they are limitng entries to 15 M. Must have been a small premium that would be much less than a rounding error on Berkshire's bottom line.
Comments
Regards,
Ted
http://en.wikipedia.org/wiki/American_Basketball_Association
Also impressed with Dan Gilbert.
BTW. I would take the $500M lump sum versus $25M per year over 40 years.