Buffett offers $1 billion for March Madness prediction

‘Fire up the flux capacitor!’ The odds of winning are 9.2 quintillion to 1.

<p>Warren Buffett, chairman and CEO, Berkshire Hathaway, Inc., arrives at the Allen &#038; Company Sun Valley Conference in Sun Valley, Idaho, Friday, July 13, 2012. (AP Photo/Paul Sakuma)</p>

Warren Buffett, chairman and CEO, Berkshire Hathaway, Inc., arrives at the Allen & Company Sun Valley Conference in Sun Valley, Idaho, Friday, July 13, 2012. (AP Photo/Paul Sakuma)