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Buffett fulfilled his wish, and Berkshire's 'Crazy March' contest has finally awarded a one million dollar grand prize.
An employee of Berkshire Hathaway has won the $1 million prize set by the company's Chairman and CEO Warren Buffett for the internal "Crazy March" betting event this year, fulfilling a wish of the "Oracle of Omaha". "Crazy March" refers to the single-elimination tournament of the NCAA Men's Basketball Championship, where most of the games take place in March. Buffett started the betting challenge in 2014, with the initial bet being that anyone who could successfully predict the results of all the games would win $1 billion. Later, this betting challenge was limited to Berkshire employees (including subsidiaries under the holding group.
Berkshire Hathaway Inc. News Release
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A solid "safe haven"! Berkshire Hathaway (BRK.B.US) led by Buffett has surged nearly 20% this year.
A safe haven amid market turmoil: Berkshire Hathaway's stock price has risen 16% this year, achieving six consecutive days of increases during the upheaval.
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