By Dan Treadway
March 24, 2014

Warren Buffett & Carlyle CEO David Rubenstein Discussion At DC Eco Club

There were many winners declared in the NCAA tournament this weekend, but the biggest might have been Warren Buffett, whose company Berkshire Hathaway got a lot of buzz the past few months by insuring Quicken Loans' Billion Dollar Bracket Challenge. The terms were simple: Join their group, answer a lot of personal question about your mortgage, pick a perfect bracket and you become one of the richest people on earth. There were several varying numbers to gauge the unlikelihood of concocting a perfect bracket, ranging from 1 in 9.2 quintillion to 1 in 128 billion. But suffice to say, it was a long shot.

On Friday evening, before every team in the tournament had even played its first game, there were no perfect brackets remaining in the Billion Dollar Bracket Challenge group. By the time the second round of play had ended, only one perfect bracket remained anywhere, and it was penned (or more accurately, clicked) by Brad Binder from Buffalo Grove, Illinois, who became a minor Internet celebrity as a result. But like everyone else who filled out a bracket this year, Binder too would fall -- he incorrectly picked five of the sixteen Round of 32 games.

While five days ago most of the Internet was opining about how they would spent their billion dollars, the reality of exactly how difficult it is to pick a perfect March Madness bracket is probably best evidenced by the submission that's currently sitting at the top of the standings in the Billion Dollar Bracket group, named somewhat incorrectly "Vaughan's Victorious Bracket":

The current top-rated bracket in the Billion Dollar Bracket Challenge The top-rated bracket in the Billion Dollar Bracket Challenge

As you can seen, that's a decent amount of red. And keep in mind this is cleanest bracket in the entire group.

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