For Pete's Sake

Warren Buffett’s NCAA Tournament office pool has a top prize of $1 million a year for life

Berkshire Hathaway Chairman and CEO Warren Buffett.
Berkshire Hathaway Chairman and CEO Warren Buffett. The Associated Press

March Madness is just around the corner, but billionaire Warren Buffett has already caught the fever.

Talking on CNBC’s “Squawk Box” on Monday, Buffett announced a NCAA Tournament bracket contest for employees of Berkshire Hathaway, which is headquartered in Omaha, Neb., or any of its subsidiaries.

“If they are the one who picks the greatest number of consecutive games correctly as they’re played,” Buffett said, “they will win $100,000.”

Given the staggered start times of NCAA Tournament games, I’m not sure how you determine who picked the great number of consecutive games correctly. But the bottom line is this: the person doesn’t have to be a perfect bracket, meaning someone is going to win.

Speaking of perfect brackets, if someone does have a perfect bracket going into the Sweet 16, they get a million dollars a year for the rest of their life.

“This is the ultimate bracket contest,” Buffett said.

While an employee wouldn’t have to pick an entire bracket correctly, it’s nearly impossible to win.

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Pete Grathoff: 816-234-4330, @pgrathoff