David Trainer
David Trainer is Founder and CEO of New Constructs, an independent research technology firm that provides unrivaled insights into the fundamentals and valuation of private and public businesses. Trainer is a prominent Wall Street veteran and corporate finance expert specializing in reversing accounting aberrations on the underlying economics of business performance and stock valuation. Prior to founding New Constructs in 2002, he spent over 6 years as a stock analyst on Wall Street. He joined Credit Suisse First Boston where he created an economic-based earnings model and brand for CSFB equity research. Trainer makes regular appearances in television and print, where he shares his insights on macroeconomic news, market trends, and individual stock insights. He also does leading-edge research on mutual funds and exchange-traded funds.
David Trainer Professional Experience / Academic History
Professional Experience
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Founder and Chief Executive Officer
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Senior Research Analyst
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Senior Analyst
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Research Analyst
Academic History
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B.S., International Business
Under his leadership, New Constructs covers over 3000 stocks, 7,000 mutual funds, and 400 ETFs by leveraging its Robo-Analyst technology.
New Constructs has been the subject of Ernst & Young’s white paper “Getting ROIC Right” and Harvard Business School's case study "New Constructs: Disrupting Fundamental Analysis with Robo-Analysts”.
The firm combines human expertise with cutting-edge machine learning technology to reveal critical details that drive uniquely comprehensive and independent credit and equity investment ratings, valuation models and research tools.
CREDIT SUISSE
At Credit Suisse First Boston, he created an economic-based earnings model and brand for CSFB equity research.
He spearheaded the effort to apply consistent economic earnings analysis across all industries globally.
In 1997, he developed and managed the Value Dynamics Framework project, a separate business for CSFB across three continents.
In 1999, he applied value-based analysis to consumer finance, asset management, and broker-dealer firms.
EARLY CAREER
In 2000, he covered the Customer Relationship Management Software industry at Epoch Partners, a firm acquired by Goldman Sachs in 2001.
At Epoch, he developed a proprietary framework that quantified the ROI of Customer Relationship Management Software products.
Prior to Wall Street, Mr. Trainer was an executive compensation consultant with Arthur Andersen.
MEDIA & APPEARANCES
Trainer is regularly featured in Barron’s, MarketWatch, Bloomberg, Forbes, CoinDesk, Yahoo! Finance, Business Insider, MarketWatch, Seeking Alpha, Fox Business, and more.
He frequently appears on CNBC and The Wall Street Journal as a thought leader on earnings quality, valuation and investment strategy.