This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Kass: 'Buffett Being Buffett' Bracket Challenge

2. Warren Buffett's Berkshire Hathaway has offered $1 billion before and has lived not to pay it. That was back 11 years ago when numbers were printed in the bottle caps of Pepsi products and a monkey drawing the final numbers to see if anyone would collect the $1 billion prize failed to find a winner.

3. And the winners are Berkshire Hathaway, Quicken Loans and Yahoo! (YHOO - Get Report). Berkshire Hathaway takes in a large (but undisclosed) premium in the unlikely event that someone wins, and Quicken Loans gets a lot of free information from the applicants regarding their housing intentions and current mortgage rates. According to a recent Slate article, a mortgage lead such as the one Quicken Loans is receiving in the contest, can be valued at between $50 and $300 per lead. In order to submit a bracket an applicant must create a Yahoo! account, so Yahoo! wins, too

During March Madness some of TheStreet's Wall Street Pros, including Jim "El Capitan" Cramer and Stephanie "The Missing" Link, will participate in the Beat TheStreet Bracket Challenge on ESPN.com.

Join us at www.thestreet.com/espn to participate in the contest, which will likely be as much fun and as rewarding as the Quicken Loans challenge! In our case, all participants are entered into ESPN.com's contest wherein the top 1% of all brackets on ESPN.com will be entered into a random drawing for a $10,000 Best Buy gift card, and the participant with the most points on the Beat TheStreet Bracket Challenge will receive a basketball signed by Jim Cramer and Stephanie Link.

Thanks and enjoy March Madness. And try to Beat TheStreet!


This column originally appeared on Real Money Pro at 11:00 a.m. EDT on March 17.
At the time of publication, Kass and/or his funds were short BRK.B, although holdings can change at any time.

Doug Kass is the president of Seabreeze Partners Management Inc. Under no circumstances does this information represent a recommendation to buy, sell or hold any security.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free

Markets

Chart of I:DJI
DOW 17,891.16 +117.52 0.66%
S&P 500 2,082.49 +17.19 0.83%
NASDAQ 4,819.3120 +43.9540 0.92%

Our Tweets

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs