on se prend la main, comme des enfants (yourlastdiaster) wrote in ontd_football,
on se prend la main, comme des enfants
yourlastdiaster
ontd_football

  • Mood:

Warren Buffett Would Have Lost $30 MILLION If France

Warren Buffet was an unexpected beneficiary of France's 2-0 loss to Uruguay today, which eliminated the beleaguered, scandal-ridden Les Blues from the World Cup.

Bloomberg reports that the Oracle of Omaha wrote an insurance policy to an unnamed individual that would have paid out in a very big way if France won the World Cup championship. In March, Buffett told CNBC that he was going to lose something in the neighborhood of "30 million bucks" if France won. (Bloomberg adds that bookmakers put France's odds of winning a championship at 12-1.)

Whether or not this is ultimately a form of high-finance gambling on Buffett's part, the $30 million payout dwarfs the individual insurance policies taken out on World Cup players, the Insurance Journal reports. A high-priced World Cup player, the publication notes, could have their bodies insured for upwards of $70 million. Lloyd's estimated the total market for World Cup insurance this year is to be worth nearly $9 billion.

source: http://www.huffingtonpost.com/2010/06/22/warren-buffett-would-have_n_621322.html
Tags: hire fuckin fact checkers or sthng, nt: france, world cup 2010
Subscribe

  • Saturday, Saturday!

    News…

  • Thursday

    News ⏰ RESULTS ⏰ Goals, goals & more goals! What. A. Night! 🔥 🤯 Sébastien Haller…

  • Wednesday!

    News ⏰ TUESDAY'S RESULTS ⏰ Goals, comebacks, drama ✅ 🔝 Best performance? #UCL— UEFA Champions…

  • Post a new comment

    Error

    Comments allowed for members only

    Anonymous comments are disabled in this journal

    default userpic

    Your reply will be screened

    Your IP address will be recorded 

  • 18 comments

  • Saturday, Saturday!

    News…

  • Thursday

    News ⏰ RESULTS ⏰ Goals, goals & more goals! What. A. Night! 🔥 🤯 Sébastien Haller…

  • Wednesday!

    News ⏰ TUESDAY'S RESULTS ⏰ Goals, comebacks, drama ✅ 🔝 Best performance? #UCL— UEFA Champions…