
Toad Capital
@rich_toad
Followers
8K
Following
19K
Media
2K
Statuses
11K
đ Equity research career advisor |đ¨âđź Founder, Richard Toad |đ Stories of investors & founders https://t.co/4UHum6OABr
Jobs, hedge fund primers đ
Joined January 2022
Struggling to ramp up on new sectors? đ Hereâs how top investors build conviction fastâby reading the right things. A thread on how my investing & sector reading list helps you speed up sector mastery and build your own stock-picking process đ§ľđ
8
26
262
Find more career tips and insights on equity investing on my blogâlink in profile
0
0
0
Firms like hiring people whoâve proven they can handle the grind. That endurance signals to employers that youâve been battle-tested, making them desired candidates for any jobs that come after IB, which is another area where bankers have a better brand perception.
1
0
0
Even though most exit optionsâlike buy-side roles or corporate finance jobsâdonât require banking hours, thereâs no denying that the pressure-cooker environment of banking builds a certain reputation.
1
0
0
On average, ER offers a relatively better work-life balance. While ER associates work hardâespecially during earnings seasonâitâs not as bad as the grind of banking.
1
0
0
The IB workload is rough, with late nights, weekend work, and constant fire drills.
1
0
0
IB'ers move to hedge funds & C-suites. ER associates stall. Same skillsâwhy? #7: Everyone thinks an overworked banker is a better candidate
1
0
0
Uh ... someone go check on Calendly Google just launched this?
0
0
5
New research jobs today. đ U.S. Sell-side Equity (1 role): Software (II #3) 2026 Internship (1 role): BS ER - 2026 Public Credit (1 role): Buy-side - HY, IG PubCo IR (6 roles): Financials - Director, Consumer - Director, Industrials - Director, Healthcare - Sr. Analyst,
1
0
0
The result? Endless hours wasted chasing noise. Critical roles slip by at firms you werenât even tracking. Meanwhile, your peers in the know leap ahead. Your rĂŠsumĂŠ gathers dust. Stress piles up. We cut through the noiseâcurating hard-to-find roles in public equity (buy-side and
1
0
0
Equity research jobs are out thereâbut good luck finding them. Every firm hides behind different job titles. LinkedIn buries you in irrelevant alerts. To stay on top of everything, youâd need alerts across hundreds of career sites, checked daily. And still, postings appear in
1
0
0
Learn about top investors + equity research career tips, in my blog (profile link)
0
0
0
Despite remaining a fugitive, Rich received a controversial presidential pardon from Bill Clinton in 2001, mere hours before the end of Clintonâs term. Rich died in Switzerland in 2013 following a stroke.
1
0
0
In 1983, Rich was indicted on 65 counts, including trading with Iran during the hostage crisis and massive tax evasion. He fled to Switzerland, evading capture while continuing to operate internationally. A decade later, following a failed attempt to dominate the zinc market,
1
0
0
Rich cultivated controversial yet highly lucrative relationships with regimes under sanctions and embargoes, facilitating oil and commodity trades with nations such as Libya, Angola, Cuba, and Iran. His dealings during the Iranian Revolutionâbuying oil directly from Ayatollah
1
0
0
His revolutionary model used aggressive bank financing to move oil and metals rapidly across global markets, enabling trades without the need for heavy asset ownership. This leveraged approach laid the foundation for future global commodity giants like Vitol, Trafigura, and
1
0
0
In 1974, Rich partnered with fellow trader Pincus Green to establish Marc Rich + Co. AG in Switzerland. The firm pioneered the spot market for crude oil, breaking the dominance of long-term contracts historically controlled by major oil companies.
1
0
0
After dropping out of New York University, Rich began his career at Philipp Brothers in 1954. There, he quickly distinguished himself in the metals trading division, operating across Latin America and Europe, and developing early expertise in trading with politically volatile or
1
0
0
Marc Rich (1934-2013, b. Antwerp, Belgium) was the founder of Marc Rich + Co. AG, which would later evolve into Glencore, one of the worldâs largest commodities trading firms.
1
0
0
He built the commodity trade as we know itâthen sold oil to Israel, dined with dictators, vanished from the FBI, and was pardoned by Clinton.
1
0
3