LIVEMarkets rolling coverageStarted: February 17, 2026, 12:00 AM ESTUpdated: February 17, 2026, 11:59 PM EST Warren Buffett's Returns Halved Post-Regulation Fair Disclosure in 2000 February 17, 2026, 11:54 PM EST. Chamath Palihapitiya highlighted that Warren Buffett generated double the market's returns before the 2000 implementation of Regulation Fair Disclosure (Reg FD), which prohibited selective disclosure of material information by corporate executives. The rule ended a period of information asymmetry, where investors like Buffett benefited from exclusive insights through private networks. Post-Reg FD, Palihapitiya explained, Buffett's returns matched average market performance, effectively erasing his prior edge. The change illustrates how information
