•Chamath argues that regulatory changes like Reg FD in 2000, which made private information sharing illegal, significantly impacted Buffett's returns.
•He states Buffett's returns were double market returns when such information sharing was legal, but dropped to market returns post-Reg FD.
•Chamath suggests markets thrive on asymmetry and calls for insider trading norms in prediction markets like Kalshi and Polymarket.
•X users countered Chamath's claims, attributing Buffett's later performance to Berkshire's growing capital base and shift to an operating conglomerate, and accusing Chamath of hypocrisy regarding SPACs.
