Reg FD
4 statements across 2 episodes · 0 bullish · 4 bearish · 1 people on the record · first statement Feb 13, 2026 by Chamath Palihapitiya · across every show →
Everything said about Reg FD, oldest first
Feb 13, 2026 bearish
Chamath: Prediction markets will be dominated by informed traders taking advantage of retail
“The prediction markets today, unless they are regulated out of existence or shut down, Will look like the stock market free Reg FD. And there's nothing we can do except choose not to bet it. Because otherwise, what you're going to have are a ton of sharps taki…”
Feb 13, 2026 bearish
Chamath: Warren Buffett generated zero alpha after Regulation FD was enacted
“His returns were double the market returns when this kind of information sharing was legal. And the minute that it became illegal and you had to basically act on the same edge as everybody else, his returns went to the market return. He generated zero alpha.”
Apr 17, 2026 bearish
Chamath notes Warren Buffett's returns dropped significantly after Regulation Fair Disclosure
“His returns are bimodally distributed pre and post Reg FD. When you have to follow the rules of disclosure, everybody's returns got kneecapped. When there was no disclosure rules. His returns were off the charts.”