Nathan E. "Ned" Davis (born 1945/1946,

Nashville Nashville is the capital city of the U.S. state of Tennessee and the seat of Davidson County. With a population of 689,447 at the 2020 U.S. census, Nashville is the most populous city in the state, 21st most-populous city in the U.S., and the ...

), 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 Venice is a city in Sarasota County, Florida, United States. The city includes what locals call "Venice Island", a portion of the mainland that is accessed via bridges over the artificially created Intracoastal Waterway. The city is located in Sou ...

Early life and education

Davis was born in

, went to school at the

University School of Nashville University School of Nashville is an independent, coeducational, day school located in Nashville, Tennessee. History Referred to colloquially as USN, the school was founded in 1888 by the Peabody Board of Trustees. The school was first founded a ...

graduating in 1963, and did his undergraduate degree at the

University of North Carolina at Chapel Hill A university () is an institution of higher (or tertiary) education and research which awards academic degrees in several academic disciplines. Universities typically offer both undergraduate and postgraduate programs. In the United States ...

, majoring in French.

Career

He dropped out of

Harvard Business School Harvard Business School (HBS) is the graduate business school of Harvard University, a private research university in Boston, Massachusetts. It is consistently ranked among the top business schools in the world and offers a large full-time MBA p ...

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. 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. At the time, Davis was a partner in the firm, and his investment views were covered nationally in publications such as ''

The Washington Post ''The Washington Post'' (also known as the ''Post'' and, informally, ''WaPo'') is an American daily newspaper published in Washington, D.C. It is the most widely circulated newspaper within the Washington metropolitan area and has a large nati ...

''.

Ned Davis Research (1980–)

In 1980, Davis and Mendel co-founded the Ned Davis Research Group (NDRG) in

starting with 5 employees, to focus on computer data analysis driven investment research and advice for trading firms. Davis focused on the analysis, and Mendel focused on the business model and business management. In 2011, NDRG was sold to the global financial publishing company

Euromoney ''Euromoney'' is an English-language monthly magazine focused on business and finance. First published in 1969, it is the flagship production of Euromoney Institutional Investor plc. History and profile ''Euromoney'' was first published in 19 ...

for circa 173 million; Davis remained with the company after the transaction. 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 Fidelity Investments, commonly referred to as Fidelity, earlier as Fidelity Management & Research or FMR, is an American multinational financial services corporation based in Boston, Massachusetts. The company was established in 1946 and is on ...

and the

Charles Schwab Corporation The Charles Schwab Corporation is an American multinational financial services company. It offers banking, commercial banking, investing and related services including consulting, and wealth management advisory services to both retail and instit ...

. Davis (and NDRG), is a frequent contributor to the ''

Wall Street Journal ''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published ...

'', ''

Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nik ...

'', ''

Bloomberg News Bloomberg News (originally Bloomberg Business News) is an international news agency headquartered in New York City and a division of Bloomberg L.P. Content produced by Bloomberg News is disseminated through Bloomberg Terminals, Bloomberg Televi ...

'', ''

CNBC CNBC (formerly Consumer News and Business Channel) is an American basic cable business news channel. It provides business news programming on weekdays from 5:00 a.m. to 7:00 p.m., Eastern Time, while broadcasting talk sho ...

'', ''

Barron's Barron's or Barrons may refer to: *Barron's Educational Series, a publisher of books, as well as college entrance exam preparation classes and materials, now an imprint of Kaplan Test Prep **B.E.S. Publishing, the former owner of Barron's * ''Barro ...

'', and other financial publications. 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'', as well as in their own publications. In April 2013, finance author

Barry Ritholtz Barry Ritholtz is an American author, newspaper columnist, blogger, equities analyst, CIO of Ritholtz Wealth Management, and guest commentator on Bloomberg Television. Ritholtz is the host of the Bloomberg Podcast '' Masters in Business'' in which ...

said, "Ned Davis may be the single most highly respected Technical Analyst working today", 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". Davis has been described as a follower of

contrarian investing Contrarian Investing is an investment strategy that is characterized by purchasing and selling in contrast to the prevailing sentiment of the time. A contrarian believes that certain crowd behavior among investors can lead to exploitable mispri ...

, who warns against situations of very strong consensus or

herd mentality Herd mentality, mob mentality or pack mentality describes how people can be influenced by their peers to adopt certain behaviors on a largely emotional, rather than rational, basis. When individuals are affected by mob mentality, they may make dif ...

Published works

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

References

External links

Ned Davis Research
(official website)
Profile of Ned Davis
(

BCA Research BCA Research Inc. is an independent provider of global investment research and investment strategy advice. BCA was founded by A. Hamilton Bolton in 1949 in Montreal, Quebec, Canada. The firm is also known by the title of its first publication The ...

)
Ned Davis Profile
(

CMT Association The CMT Association is a non-profit, global, professional organization of technical analysts headquartered in New York City, servicing over 9,000 market analysis professionals in around 80 countries. The CMT Association certifies that an individual ...

) {{DEFAULTSORT:Davis, Ned American financial analysts American financial company founders American financial writers People from Nashville, Tennessee University of North Carolina at Chapel Hill alumni Living people Technical analysts American finance and investment writers American financial commentators American financial businesspeople Year of birth missing (living people)

Early life and education

Career

Ned Davis Research (1980–)

Published works

See also

References

External links