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NYU professor calls stock sell-off after 2016 Trump win unwise
NYU professor Scott Galloway revealed that he sold all his stocks following Donald Trump's 2016 election victory, which he considers his biggest investment mistake. The decision, driven by emotional reaction and insecurity about Trump's win, resulted in an estimated 40% loss of his liquid net worth due to taxes and missed gains from the market rally that followed. Galloway later repurchased stocks at higher prices, reinforcing his advice for investors to avoid emotional decisions and focus on diversification amid market uncertainties.
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