PLD - My 'Sweet 16' REITs Revealed
2024-03-31 07:00:00 ET
Summary
- Filling out a perfect bracket for the NCAA's March Madness tournament is extremely unlikely, with odds of 1 in 9.22 quintillion.
- Real estate investment trusts offer better odds for making money compared to March Madness brackets.
- I provide a list of REITs from various sectors that show promise for future profits.
The NCAA’s March Madness tournament is an annual opportunity to learn humility.
I know I’ve written about this in past years, but the odds of filling out a perfect bracket are astronomical. It’s worth addressing again in 2024, starting with a quote from the NCAA itself.
Early in March, while everyone was speculating about who’d be eligible for placement to begin with, it wrote how :
“Every year, millions of people fill out a bracket for the NCAA tournament. If you’re like us, you hear that little voice saying, ‘What if I became the first person ever to fill out a perfect bracket? This could be the year!”
Which means it’s never happened before. People have, of course, correctly guessed the winning team. But “here’s the TL/DR version of the odds of a perfect NCAA bracket” according to its backing organization:
- “1 in 9,223,372,036,854,775,808 (if you just guess or flip a coin)”
- “1 in 120.2 billion (if you know a little something about basketball.”