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

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Womack, C. (2026, September 29). Dumping stocks after Trump’s 2016 win was ‘stupid,’ NYU professor admits. Fox News. https://www.foxnews.com/media/dumping-stocks-after-trumps-2016-win-stupid-nyu-professor-admits

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Fox News · collected 2026-09-29 · by CJ Womack

Quick Summary

Scott Galloway, an NYU professor of marketing, admitted on his podcast "The Prof G Pod" that selling all his stocks in response to Donald Trump’s 2016 election victory was a major mistake costing him about 40% of his liquid net worth. He explained he took this emotional decision due to fear and ended up missing out as the market rose significantly post-election, with the S&P 500 climbing nearly 3.4% in November 2016 and gaining 19.4% in 2017 overall. Galloway warned listeners against letting emotions dictate investment strategies.
Written by AI on 2026-10-02, from this article's own text only (the story summary below draws on all the coverage).

AI analysis

Story summary

Scott Galloway, a professor of marketing at NYU Stern, admitted on his podcast "The Prof G Pod" that selling all his stocks following Donald Trump's 2016 election victory was an emotional mistake. The decision led to significant tax liabilities due to capital gains while he resided in New York, and when he returned to the market six months later, it was at higher stock prices. Galloway estimated this misstep cost him around 40% of his liquid net worth in stocks. He warned investors against letting emotions dictate their financial decisions.

Written for “Trump Win Stock Sell Mistake” on 2026-11-03, grounded in this article and the 1 other(s) covering the same event.

Story

📰 Trump Win Stock Sell Mistake
Economy/Business · 2 article(s) covering the same event. See how they differ ↓

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This article reads unscored and hedges 13% of its claims. Each row says how that neighbour differs.
How this article was measured signals, leaning charts, publisher record, byline, topics and claims

Signals How these are calculated →

Claims extracted
23
sentences that state something as happening or true
Uncertain
13%
3 of 23 hedged ("reportedly", "may", "according to")
Leaning
withheld
no quote in the article backed the model's score
Publisher signals
69/100
Fox News's corrections and hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
2
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
Analyzed 2026-09-29 · how these are computed

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Source leaning vs. consistency

Publisher

Fox News · 6375 article(s) · 11 correction(s) detected
Running correction rate · 11 correction(s)

Who wrote this

CJ Womack
48 article(s) here · 1 carrying a prediction
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Also by CJ Womack
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Topics

Fox News Digital NYU NYU Stern New York White House

Subjects

Galloway PERSON · 10× Trump PERSON · 5× Donald Trump PERSON · 2× Fox News Digital ORG · 2× Scott Galloway PERSON · 2× Davis Ingle PERSON · 1× NYU ORG · 1× NYU Stern ORG · 1× New York GPE · 1× White House ORG · 1×

Narrative

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.
framing: assertive · carried by 1 article(s) · first seen 2026-09-29
🔮 "So you could argue, at least notionally, that decision cost me 40% of my liquid net worth in stocks," Galloway said.

Claims (23 extracted, 3 hedged)

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. asserted
he → say → 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 about allowing emotions to drive investment decisions. "So when he was elected in 2016, I sold all my stocks," he said. asserted
he → call → stocks
The market ripped for the next year. asserted
market → rip → year
There was so much insecurity about him actually winning that the fear had been priced in. asserted
fear → be → ?
Stocks ripped up." asserted
Stocks → rip → ?
Galloway said the selloff also triggered taxes on significant capital gains while he was living in New York. asserted
he → say → York
He said he returned to the market about six months later after stocks had risen between 10% and 20%, compounding what he described as the cost of the decision. asserted
he → say → decision
"So you could argue, at least notionally, that decision cost me 40% of my liquid net worth in stocks," Galloway said. uncertain
Galloway → argue → stocks
White House spokesman Davis Ingle told Fox News Digital Tuesday that Galloway’s continued criticism of Trump reflected what he characterized as an obsession with the president. asserted
he → tell → president
"Scott Galloway should immediately seek psychiatric help to treat his severe case of Trump Derangement Syndrome that has completely rotted his peanut-sized brain," Ingle said. asserted
Ingle → seek → brain
Galloway criticized Trump, saying he believed the president's economic and foreign policies could ultimately damage the U.S. economy. " uncertain
policies → criticize → economy
I think the president is a f---ing idiot and a stain on the American experience and that the grand sum of all of these head up your a-- economic and foreign policy decisions will eventually crash this economy or result in long-term structural damage that will take decades if not generations to repair," Galloway said. asserted
Galloway → think → decades
The stock market rose substantially following Trump's 2016 presidential victory. asserted
market → rise → victory
According to the federal government's 2017 Economic Report of the President, the S&P 500 climbed 3.4% in November 2016 and reached a then-record high later that month. uncertain
S&P → accord → high
The 2018 report said the index went on to gain 19.4% in 2017, posting increases in 11 of the year's 12 months. asserted
index → say → months
Galloway said his experience reinforced his view that investors should remain in the market rather than attempt to anticipate political or economic turning points. asserted
investors → say → points
While discussing current elevated valuations, he recommended diversification instead of trying to predict exactly when stocks will decline. asserted
stocks → discuss → diversification
"Trying to guess when the top happens is dangerous," Galloway said. asserted
Galloway → try → ?
"Probably my biggest investment mistake was the emotional reaction I had to the 2016 election of Donald Trump. asserted
I → have → Trump
" "And what the government does matter, but the majority of the economy just grinds on regardless of who is tweeting what or not tweeting what," he continued. asserted
he → matter → what
Galloway predicted Trump would ultimately abandon his 2024 presidential campaign as part of a plea agreement that would keep him out of jail. asserted
that → predict → jail
Trump remained in the race and returned to the White House after winning the 2024 presidential election. asserted
Trump → remain → election
Fox News Digital reached out to Galloway for comment, but did not immediately receive a response. asserted
Digital → reach → response
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