David Trainer

David Trainer

Formal First Name

David Trainer is the Chief Executive Officer of New Constructs, an investment research firm based in Tennessee. He is a prominent investment strategist and corporate finance expert who specializes in reversing accounting aberrations on the underlying economics of business perform perform perform performance and stock valuation. Trainer also makes regular appearances in TV and print, where he shares his insights on macroeconomic news, market trends, and individual stock insights. He also makes leading-edge research on mutual funds and exchange-traded funds.

Professional Experience

Academic History

  • Trainer spent more than 6 years as a stock analyst on Wall Street.
  • Prior to Wall Street, he was an executive compensation consultant with Arthur Andersen. 
  • His stock-picking success has been well-documented since 2005.
  • At Epoch Partners, he covered the Customer Relationship Management Software industry.
  • He has appeared as a guest on Real Vision.


  • 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 CSF for CSF for CSF for CSF for CSF for CSF for CSF for CSF for CSF for CSF for CSF for CSFB across three continents.
  • In 1999, he applied value-based analysis to consumer finance, asset management, and broker-dealer firms.