Ned Davis reflects on the history of Ned Davis Research
As Ned Davis Research Group celebrated its 35th anniversary in 2015, it gave me the opportunity to reflect on the rich history that I have been able to share with a great team of employees and clients.
When Ned Davis Research was founded in 1980, we produced everything by hand. There were no computers on every desk, no printers, no internet, no email, no smart phones, no tablets, no networks. These were the days of the ticker tape – literally. I wrote and charted everything manually and my small staff sent a cut-and-pasted version to an outside printer for production. Our commitment to technology was strengthened during this time with the development of our proprietary graphical and analytical software program.
Starting in my home, we moved numerous times to accommodate our growth due to the increasing demands from our clients and the application of our research approach to a broader set of markets. One of our first major external software products was introduced in 1989 - some clients may still remember NDR Connection. It gave clients the ability to access our products through modem dial-up. This product was discontinued when we launched our first website www.ndr.com in 1998. Similarly, our commentary publications have changed and grown with the times and needs of our clients.
During the early years, we manually collected and updated our data files. Today we have dedicated staff which maintain, mostly electronically, hundreds of millions of time series. Most of the series are derived data sets that NDR has created with our proprietary software, and keeps updated on a daily basis.
In 1995, we formally developed our Custom Research Department to serve the individual needs of our clients, and now complete over 2,000 individual project requests per year.
Ned Davis Research Group employs over 90 people across our Florida, Boston, Atlanta, San Francisco, and London offices. I am extremely proud of the growth of Ned Davis Research Group, and am forever indebted to not only the staff, 12 of whom have been with the firm for over 20 years, but also to our clients who have allowed this company to prosper.
If I can be so presumptuous to talk about a stock market legacy I may leave, it would likely be that we were one of the first research companies that took market analysis, which had largely been done by hand and was very "artistic" and subjective, to the world of computers and graphics where the analysis was very data-driven and objective. However, I also consider myself a "market historian," and if there is one piece of advice I'd recommend people follow: "those who do not study history are condemned to repeat its mistakes."
Hear more from Ned in his interview with the Masters of Business podcast. Click here to listen.