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Selling stocks after Trump's win cost me 40% of net worth: Scott

short by / on Saturday, 3 October, 2026
NYU Stern Professor Scott Galloway said on the podcast that he sold all his stocks when Donald Trump was first elected in 2016, paying 35% tax on gains. Six months later, the market was up, and he bought back in. “I literally destroyed probably 40% of my net worth having an emotional reaction,” he said.
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