NYU professor Scott Galloway says selling all his stocks after Donald Trump's 2016 election victory was 'probably my biggest investment mistake' and estimates the emotional decision cost him 40% of his liquid net worth in stocks.
Galloway, a professor of marketing at NYU Stern School of Business and host of The Prof G Pod, recalled the costly move during a recent 'Office Hours' episode while discussing how investors should respond to elevated market valuations.
