Where do all the cowboys go

This has been brought up countless times, however I'm not sure there's good evidence/discussions. The equities business is clearly changing; I know two directors from sales at BB's that suddenly found themselves without jobs.

Would you recommend that someone with a specialized equity skill-set learn debt before it's too late in their career. Talking sell-side ER/S&T etc. but-side is obviously always trying to generate alpha.

Interested to hear your thoughts. Thx

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