Subject: Re: New rules, what would Buffett say?
I don't think he will say anything. He is not Munger, having uninformed opinions on everything and saying them publicly.

Private markets have gotten big enough in the last decade to be considered an asset class. Offering them to retail investors is not outrageous.

Of course what is outrageous are the fees and the lack of disclosure in sharp contrast to stock ETFs and public stocks respectively. But it's a free country. If you want to get fleeced in the hopes of beating the (public) markets, be my guest! Worked for BTC HODLers after all.