🇺🇸 Donald Trump
The Cost of Trump Derangement Syndrome
What happened
Professor Scott Galloway sold all his stocks after Donald Trump won the 2016 election, then bought back in six months later at a higher price. He lost a significant portion of his liquid net worth as a result. Galloway estimates he lost 40% of his liquid net worth in stocks.
Why it matters
The incident highlights the potential consequences of making investment decisions based on emotional reactions to political events rather than logical analysis. The story may serve as a cautionary tale about the risks of allowing politics to influence personal decisions. The incident involves a public figure, which may increase its public significance.
Key facts
- Scott Galloway sold all his stocks after Donald Trump's election win.
- He bought back in stocks six months later at a higher price.
- He estimates losing 40% of his liquid net worth in stocks.
Topics
Publisher evidence used
Reporting attributed to townhall.com. WorldLeadersNews links readers to the publisher and does not present a headline-only item as a full article analysis.
Related leaders
