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One Billion To Win: Warren Buffett’s Lesson for the Rest of Us

Mercer teammates do "victory" dance after defeating Duke in the NCAA season opener

Mercer teammates do “victory” dance after defeating Duke in the NCAA season opener

As  we enter the final days of March Madness 2014 , not much  is  mentioned  in the news media now  of Warren Buffett’s billion-dollar offer to the person who created  the  perfect  bracket  for  the NCAA tournament.   In fact within days of the start of the  college basketball series,  the number of qualified entrants for the billion-dollar contest dwindled from 15 million persons to 15.   With upsets that threw out Duke, Oklahoma New Mexico ,  statisticians and expert sports analysts were left to wonder why  so soon?  Sports pundits took to their blogs and the airwaves to discuss the situation pronouncing it a  fixed proposition.  Perhaps , but it was in good fun, provided some with an additional challenge  and added to the always exciting basketball  tournament.  Besides, there is another way to look at the contest.

Warren Buffett is seen by most of us as a  genius investor. Biographers, columnists, self-help gurus tried to decipher how  the “Oracle of Omaha”  does it.  Bridge player,  father  (who gave his children money to start  foundations to serve the greater good) and supporter of ObamaCare, he is in fact of this earth.  Yes, he gets the market, but he gets us too.    Buffett is not only a shrewd investor, he is a man who though an agnostic,  understands the human condition.   We are after all creatures of emotion.  We have good days and bad days.  While it easy to look at stats, to analyze , to judge the appearance of things, people and information ultimately  we are all products of God.  We cannot predict and ultimately can’t control  outcomes.   In today’s data driven society sometimes we forget that – but Buffett who is credited as an investor for all times always remembers.


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