This Math Genius & Blackjack Pioneer Met Warren Buffett In Late 1960s, 'This is Going To Be The Richest Man in the World' — Here's Why He Knew

Benzinga_recent_news12-09

American mathematics professor, blackjack pioneer and hedge fund manager Edward Thorp says he recognized Warren Buffett's potential to become the richest man in the world when he first met the Oracle ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2590350235?lang=en_US&edition=fundamental","thumbnail":"https://cdn.benzinga.com/files/images/story/2025/12/08/Warren-Buffett-Is-A-Billionaire-Investor.jpeg?optimize=medium&dpr=2&auto=webp&width=240","is_english":true,"pubTime":"2025-12-09 02:01","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2590350235","market":"us","top_or_hot":-1,"title":"This Math Genius & Blackjack Pioneer Met Warren Buffett In Late 1960s, 'This is Going To Be The Richest Man in the World' — Here's Why He Knew","media":"Benzinga_recent_news","content":"<div>\n<p>American mathematics professor, blackjack pioneer and hedge fund manager Edward Thorp says he recognized Warren Buffett's potential to become the richest man in the world when he first met the Oracle ...</p>\n\n<a href=\"https://www.benzinga.com/news/topics/25/12/49264097/this-math-genius-blackjack-pioneer-met-warren-buffett-in-late-1960s-this-is-going-to-be-the-richest-man-in-the-world-heres-why-he-knew\">Source Link</a>\n\n</div>\n","source":"benzinga_recent_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>This Math Genius & Blackjack Pioneer Met Warren Buffett In Late 1960s, 'This is Going To Be The Richest Man in the World' — Here's Why He Knew</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThis Math Genius & Blackjack Pioneer Met Warren Buffett In Late 1960s, 'This is Going To Be The Richest Man in the World' — Here's Why He Knew\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-12-09 02:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/topics/25/12/49264097/this-math-genius-blackjack-pioneer-met-warren-buffett-in-late-1960s-this-is-going-to-be-the-richest-man-in-the-world-heres-why-he-knew><strong>Benzinga_recent_news</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>American mathematics professor, blackjack pioneer and hedge fund manager Edward Thorp says he recognized Warren Buffett's potential to become the richest man in the world when he first met the Oracle ...</p>\n\n<a href=\"https://www.benzinga.com/news/topics/25/12/49264097/this-math-genius-blackjack-pioneer-met-warren-buffett-in-late-1960s-this-is-going-to-be-the-richest-man-in-the-world-heres-why-he-knew\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2168563687.JPY","symbol_name":"AZ ALLOCATION - TREND \"AAZ\" (JPYHDG) ACC","start_time":0,"source_url":"https://www.benzinga.com/news/topics/25/12/49264097/this-math-genius-blackjack-pioneer-met-warren-buffett-in-late-1960s-this-is-going-to-be-the-richest-man-in-the-world-heres-why-he-knew","article_id":"2590350235","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2025/12/08/Warren-Buffett-Is-A-Billionaire-Investor.jpeg?optimize=medium&dpr=2&auto=webp&width=240"],"rights":{"source":"benzinga_recent_news","url":"https://www.benzinga.com/news/topics/25/12/49264097/this-math-genius-blackjack-pioneer-met-warren-buffett-in-late-1960s-this-is-going-to-be-the-richest-man-in-the-world-heres-why-he-knew","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2590350235","pubTimestamp":1765216860,"columns":[],"sourceInfo":{"source_id":"benzinga_recent_news","name":"Benzinga"},"weMediaInfo":null,"summary":"American mathematics professor, blackjack pioneer and hedge fund manager Edward Thorp says he recognized Warren Buffett's potential to become the richest man in the world when he first met the Oracle of Omaha in the late 1960s.Thorp, who pioneered card counting and blackjack strategies using math and computer programming, said on \"The Tim Ferriss Show\" podcast that he first met Buffett when he was closing his Buffett Partnership due to a lack of opportunities after posting outstanding returns for several years.\"He introduced me to Warren Buffett to check me out, to see if that might be a good place to put it,\" Thorp said. \"Warren and I got along fine and apparently, I passed the test because the dean gave me his money to invest. I got to know Warren Buffett and I was sorry to see that he was going out of business because I thought, as I told my wife then, ‘This is going to be the richest man in the world.'\"","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2168563687.JPY":"AZ ALLOCATION - TREND \"AAZ\" (JPYHDG) ACC","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","LU0251142724.SGD":"Fidelity America A-SGD","BK4588":"碎股","BK4550":"红杉资本持仓","LU1366333091.USD":"FIDELITY GLOBAL FOCUS \"A\" (USD) ACC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","LU0683600562.USD":"AB SELECT US EQUITY \"A\" (USD) ACC","LU0787776722.HKD":"AB SELECT US EQUITY PORTFOLIO \"A\" (HKD) ACC","BRK.B":"伯克希尔B","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","LU0210528500.USD":"JPM AMERICA EQUITY \"A\" ACC","LU2487616109.SGD":"JPM AMERICA EQUITY \"A\" (SGD) ACC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","IE0034235303.USD":"PINEBRIDGE US RESEARCH ENHANCED CORE EQUITY \"A\" (USD) ACC","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU0971096721.USD":"富达环球金融服务 A","BK4581":"高盛持仓","LU0154236417.USD":"BGF US FLEXIBLE EQUITY \"A2\" ACC","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU2168564222.USD":"AZ ALLOCATION - TREND \"AAZ\" (USDHDG) ACC","LU0149725797.USD":"汇丰美国股市经济规模基金","LU0157215616.USD":"FIDELITY GLOBAL FOCUS \"A\" INC","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","BRK.A":"伯克希尔","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","BK4534":"瑞士信贷持仓","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","BK4585":"ETF&股票定投概念","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","IE000M9KFDE8.USD":"NEUBERGER BERMAN US LARGE CAP VALUE \"A\" (USD) ACC","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","BK4176":"多领域控股","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU2168564495.EUR":"AZ ALLOCATION - TREND \"AI\" (EUR) ACC","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0251131958.USD":"FIDELITY AMERICA \"A\" (USD) ACC","LU2168564065.EUR":"AZ ALLOCATION - TREND \"AAZ\" (EUR) ACC","LU2168564149.EUR":"AZ ALLOCATION - TREND \"BAZ\" (EUR) ACC"},"translate_title":"这位数学天才和二十一点先驱在20世纪60年代末遇见了沃伦·巴菲特，“这将成为世界上最富有的人”——这就是他知道的原因","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BRK.A":0.67,"BRK.B":1.86},"content_text":"American mathematics professor, blackjack pioneer and hedge fund manager Edward Thorp says he recognized Warren Buffett's potential to become the richest man in the world when he first met the Oracle of Omaha in the late 1960s.\nThorp, who pioneered card counting and blackjack strategies using math and computer programming, said on \"The Tim Ferriss Show\" podcast that he first met Buffett when he was closing his Buffett Partnership due to a lack of opportunities after posting outstanding returns for several years. \nDon't Miss:\nThorp at the time was seeing \"steady\" returns of 25% a year using a hedging strategy involving warrants, which allowed him to make money with reduced risk, he said. The dean of the graduate division at the University of California, Irvine, wanted to invest with Thorp but asked Buffett to evaluate him first.\n\"He introduced me to Warren Buffett to check me out, to see if that might be a good place to put it,\" Thorp said. \"Warren and I got along fine and apparently, I passed the test because the dean gave me his money to invest. I got to know Warren Buffett and I was sorry to see that he was going out of business because I thought, as I told my wife then, ‘This is going to be the richest man in the world.'\"\nBuffett established his partnership in 1956 and posted a compounded annual return of 29.5% over 13 years, according to the New York Times.\nTrending: Americans With a Financial Plan Can 4X Their Wealth — Get Your Personalized Plan from a CFP Pro\nWhen asked by the podcast host what made him think Buffett would become the richest man in the world, Thorp said it was Buffett's consistent returns over several years and his exceptional skill at evaluating businesses.\n\"He was very smart and that he really knew a tremendous amount about companies,\" Thorp said. \"He was a good evaluator of companies.He demonstrated a very edge already, he'd been running his partnerships from 1956 to 1968 and had about a 30% before fee annualized return rate.\" \nSee Also: An EA Co-Founder Shapes This VC Backed Marketplace—Now You Can Invest in Gaming's Next Big Platform\nThorp said he \"lost track\" of Buffett after he began taking control of Berkshire Hathaway and turning it into an investment company. Years later, Buffett came back on Thorp's radar when he read an article about Berkshire Hathaway, which had by then grown enormously. Thorp decided to invest in the company because he was aware of Buffett's potential.\n\"I happened to see an article about Berkshire Hathaway and I saw that he was running it and then I decided to take a look and I said, ‘Oh, it's gone from $12 to $982. So is the opportunity gone?'\" Thorp said. \"And I said, ‘I know what he's doing. I know this man, I know what he's going to do. I'm buying at $982, even though I missed out the move from $12 to $982.' And of course, buying at $982 turned out to be a good move.\"\nRead Next: Have $100k+ to invest? Charlie Munger says that's the toughest milestone — don't stall now. Get matched with a fiduciary advisor and keep building\nImage: Shutterstock","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2590350235","isCrawlerRequest":true}