Ned Davis (analyst) explained

Nathan E. Davis
Birth Place:Nashville, U.S.
Co-founder and CEO of Ned Davis Research
Occupation:Financial analyst
Alma Mater:University of North Carolina at Chapel Hill
Known For:Technical analysis of long-term data series

Nathan E. "Ned" Davis (born 1945/1946, Nashville), is an American financial analyst, finance author, and co-founder of the Ned Davis Research Group (NDRG), a data-driven investment research company based in Venice, Florida.

Early life and education

Davis was born in Nashville, went to school at the University School of Nashville graduating in 1963,[1] and did his undergraduate degree at the University of North Carolina at Chapel Hill, majoring in French.

Career

He dropped out of Harvard Business School as he found he was more interested in finance and investment than management, and returned to Nashville to spend 12 years working at the regional investment bank, J.C. Bradford & Co.[2] At J.C. Bradford, Davis met Ed Mendel, and the two became interested in the idea of using computers to analyze investment data, however, their request in 1979 to the company for US$30,000 to buy a mainframe computer was declined.[3] At the time, Davis was a partner in the firm, and his investment views were covered nationally in publications such as The Washington Post.[4]

Ned Davis Research (1980–)

In 1980, Davis and Mendel co-founded the Ned Davis Research Group (NDRG) in Venice, Florida starting with 5 employees, to focus on computer data analysis driven investment research and advice for trading firms.[3] Davis focused on the analysis, and Mendel focused on the business model and business management.[3] In 2011, NDRG was sold to the global financial publishing company Euromoney for circa 173 million; Davis remained with the company after the transaction.[2] [5] As well as its Venice headquarters, NDRG had branches in Atlanta, Boston, San Francisco, and London, with over 1,000 global institutional investment clients, including Fidelity Investments and the Charles Schwab Corporation.[2]

Davis (and NDRG), is a frequent contributor to the Wall Street Journal,[6] Financial Times,[7] Bloomberg News,[8] CNBC,[9] Barron's,[10] [11] and other financial publications.[12] [13] Their quantitative and technical research on various long-term data series in markets is used as reference in publications such as The Encyclopedia Of Technical Market Indicators,[14] as well as in their own publications.[15]

In April 2013, finance author Barry Ritholtz said, "Ned Davis may be the single most highly respected Technical Analyst working today",[16] and interviewed Davis for the Bloomberg: Masters in Business (MiB) series, where Davis said: "We are in the business of making mistakes. The only difference between the winners and the losers is that the winners make small mistakes, while the losers make big mistakes".[17]

Davis has been described as a follower of contrarian investing, who warns against situations of very strong consensus or herd mentality.[18]

Published works

Davis has published a number of books on finance, which have been re-published in subsequent editions:[19]

See also

External links

Notes and References

  1. Web site: Ned Davis: Alumnus Celebrates School's Lasting Impact on His Life . University School of Nashville Alumni . 22 January 2021 .
  2. Sarasota Magazine . Ned Davis Sells Stock Market Research Company . Tony . D'Souza . 3 February 2015 . 22 January 2021.
  3. Web site: . When Computers Met Finance . Barry . Ritholtz . 23 January 2018 . 22 January 2021 . It was the 1970s. Charts and analysis were done by hand. Then Ed Mendel and Ned Davis tried something new..
  4. News: . A Prediction of Market Havoc . 3 March 1980 . 22 January 2021 . Well, hang on to your hats, folks, because that's the way it looks to Ned Davis, 34, the well-respected partner and market-timing expert of J.C. Bradford, a brokerage firm based in Nashville. Davis, who boasts a large institutional following, is not a man to be taken lightly..
  5. Web site: Integrity Research Associates . Euromoney purchases a majority stake of Ned Davis Research . 23 June 2011 . 22 January 2021 .
  6. News: . Election Years Past May Tell If Stocks Will Be Winners . E.S. . Browning . 1 August 2000 . 22 January 2021.
  7. News: . US approaches a true bear market . John . Auters . 26 August 2015 . 22 January 2021.
  8. Web site: . Bubble Warnings Get Louder With Nasdaq Erasing Huge Monday Rally . Lu . Wang . 23 June 2020 . 22 January 2021 . Fifty-year Wall Street veteran Ned Davis added his venerable voice to the chorus of worriers, citing the speed of the index's advance -- before today -- and surging share volume..
  9. Web site: . Ned Davis Research founder says 'algos' have ruined day trading . 10 April 2019 . Fred . Imbert.
  10. . Interview with Ned Davis: Time to Brace for a 20% Correction . Richard . Rescigno . 13 December 2014 . 22 January 2021 .
  11. . Interview with Ned Davis: Bear's Pause . Sandra. Ward. 16 June 2003 . 22 January 2021 .
  12. Web site: . Insiders cash out via IPOs as investor optimism becomes excessive, NDR says . Matthew . Fox . 26 December 2020 . 22 January 2021.
  13. Web site: . NED DAVIS RESEARCH: A Wall Street strategist says the Nasdaq is 'extremely overvalued' after hitting a fresh-record high, and says that's 'not a healthy situation' . 6 August 2020 . 22 January 2021 . Shalini . Nagarajan.
  14. Book: The Encyclopedia Of Technical Market Indicators . Robert . Colby . Thomas . Mayers . 9781556230493 . Dow-Jones Irwin, University of Michigan . 1988 . 5: Ned Davis On Investment Timing Models . 14–25 .
  15. Book: Davis, Ned . Markets in Motion . April 2005 . 978-0471732815 . Wiley.
  16. Web site: The Big Picture . Barry . Ritholtz . 18 April 2013 . 22 January 2021 . Interview: Ned Davis, NDR.
  17. Web site: The Big Picture . Barry . Ritholtz . 20 June 2017 . 22 January 2021 . MiB: Ned Davis on Risk Management and Mistakes.
  18. News: . Big Shot: Ned Davis . Peter . Stiff . 21 June 2011 . 23 January 2021.
  19. Web site: The Big Picture . Barry . Ritholtz . 17 June 2017 . 22 January 2021 . MiB: Ned Davis on Managing Mistakes.

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