The Company “Quicken Loans” is making an offer to pay $1 billion to anyone that can correctly pick the winning teams throughout the next NCAA basketball tournament. That is billion with a “b”. The first round has 32 games (64 teams), the second round 16 games and so on until two teams play for the championship. If you correctly pick every game, you will never have to work again. So there you are bracketologists. Pick right. Get rich. Fortune awaits. Oh, by the way, the odds are 9 million trillion to 1 against picking all winners correctly. “Quicken Loans” could never afford to pay the billion dollars so they bought an insurance policy to cover the bet, just in case. Guess who provided the insurance. Yep, Warren Buffett’s (one of the richest men in the world) insurance company. The winner? Warren Buffett. He got the insurance premium. There is a reason he is very rich.
Propane gas is in short supply. If you live in the country (versus the city) or remote locations, you probably heat your home and businesses with propane. With the cold weather, propane usage is up significantly. So what do you do when there is short supply? You turn the heat in the house down to very low temperatures and hope that you will get a fresh supply soon. Electric heaters can provide some very expensive relief. Propane usually sells for $1.59 per pound of liquid. It is not available at $1.59. There are rumors you can buy all you want for $5.00 per pound. What is strange about the propane shortage is that we are in the midst of a natural gas “glut” with fracking success in North Dakota, New York State and Texas but propane is short. Really?
I went to my friendly dentist yesterday. 3 hours later, I had a restored tooth with a new crown on it. Now I have to figure out how to pay for it. I’ll have to get one of those cheaper Obamacare insurance policies with $5,000 deductible. Can I get Obamacare insurance with dental coverage. With $5,000 deductible, do I want it?
The Super Bowl approaches. There is the possibility that the game could get played in very cold temperatures and snow. Who really cares?
Love,
Dad