My name is Jerry Diao, the founder of Richard Toad, serving the equity research profession. I have been featured on Bloomberg. I covered enterprise software in sell-side equity research, then moved on to a generalist research analyst role at a California-based start-up hedge fund. Before equity research, I was an actuary and a quantitative analyst (without winning a national math competition in China though.)

You will receive weekly writings at 12:00pm EST on Sundays about investing/businesses, and career advice on breaking into equity investing.

** WE NO LONGER SELL VIA SUBSTACK, this is our legacy archive, available to legacy Substack paid members **: For the full archive and new paid content, please visit my website.

Fund primers and deep dives

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Not investment advice. The deep dives are NOT paid by the covered firms.

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I help you break into sell-side and buy-side equity research: career advice, insights on hedge funds & mutual funds

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I help you break into equity research. Featured in Bloomberg. Ex-sell side & buy side equity analyst.