Scott Galloway Says Selling Stocks After Trump’s 2016 Win Cost Him 40% Net Worth

2 articles · Updated · Fox News · Sep 29

40% of his liquid stock net worth was lost, by Scott Galloway’s estimate, after he sold all his stocks in an emotional response to Donald Trump’s 2016 election victory.
Six months later, Galloway said, he bought back in after the market had already risen 10% to 20%, while the initial sale also triggered a large New York capital-gains tax bill.
The NYU Stern professor called it his biggest investment mistake on "The Prof G Pod" and used it to warn listeners against trying to time markets based on politics or fear.
The market had rallied instead of falling: the S&P 500 rose 3.4% in November 2016 and gained 19.4% in 2017, underscoring his point that investors should stay diversified rather than guess turning points.
The remarks also revived Galloway’s criticism of Trump, prompting a sharp White House response as he argued government actions matter but most of the economy keeps moving regardless of political drama.