This year I decided not to invest $20 in the March Madness pool here at HarperCollins, where I work. In light of the tough economic conditions and the erosion of my 401k, I thought it was wiser to invest my money in the jar on top of our home refrigerator. Also, I work for Rupert Murdoch, and I want you to know, Rupert, that I am not spending my precious work hours paying attention to the incredibly exciting NCAA basketball championship.
But now I’m wondering if I made a mistake. My colleague Bjorn Bakkstad is currently in third place in the HarperCollins March Madness pool standings. If I had played this year, I would have simply done what I did last year—borrow Bjorn’s sheet and copy his picks. I’m no fool—Bjorn is better at this than I am. Had I done that, I would stand to win hundreds of dollars on my $20 investment. Compare that to the Dow (another one of Rupert’s properties). The moral? Gambling is good.