What New Constructs does better than anyone else - proven by Harvard Business School

31 Jul 2023 · 1 min

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This content was created by David Trainer. This content was uploaded by David Trainer. This is a YouTube video titled "What New Constructs does better than anyone else - proven by Harvard Business School" (published 2023-07-31). The excerpt is an interview-style exchange between two speakers in which one speaker recounts a Harvard Business School and MIT SLOW case study and relays a quote from Charlie that "New Constructs understands the underlying economic consequence of all the accounting data." The speaker explains that HBS/MIT’s independent case study provided credibility they couldn’t achieve themselves and describes the decision to have Harvard conduct the analysis rather than publishing their own comparison to Compustat. The clip focuses on validation of New Constructs’ approach to accounting data.

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I was wondering if you would tell the story of this quote.
Oh, this is actually from the Harvard Business School and MIT SLOW case study. When meeting with and talking with the professors after they'd done all the work and boiling down what it is we do differently or better than everyone else and Charlie said, he said New Constructs understands the underlying economic consequence of all the accounting data. That was the distinguishing factor. No one had ever really put it in those words to me before. And I thought that was interesting. The best thing about that study, you know, people would often say, hey, why don't you do a big study against Compustat data and show how your data's better? I'm like, and if I did, would you believe me? If the study came from us, no one would believe it. So when Harvard Business School got in touch and said they might be interested in doing it, I was like, yeah, let's do it. Do it.