Dumping stocks after Trump’s 2016 win was ‘stupid,’ NYU professor admits

NYU professor Scott Galloway said Monday on "The Prof G Pod" that he sold all of his stocks in an emotional reaction to President Donald Trump’s 2016 election victory, taking a major tax hit before buying back into a more expensive market months later, a decision he estimated cost him 40% of his liquid net worth in stocks.

Galloway, a professor of marketing at NYU Stern, called the move his "biggest investment mistake" during the "Office Hours" edition of the podcast as he warned listeners...