To answer what I saw, some blend of this: - post-9/11 stress and ‘08 was a big jolt, and pushed a lot of folks out. - Managed their money fine (or not) for wh

To answer what I saw, some blend of this: - post-9/11 stress and ‘08 was a big jolt, and pushed a lot of folks out. - Managed their money fine (or not) for when the job slowed down and also when ‘08 hit - “traders” became “salespeople” or otherwise managing relationships - Saw the trend, leaned into it hard, you now have Citadel, Virtu, JS, and so on. - Saw the trend, specialized or were already in assets hard to automate. - Senior enough to either steer the algo farms + jr traders, or become an algo steerer themselves - Not senior enough, not rich enough, not flexible enough or not interested anymore and now drive Uber, mobile dog washers, joined law enforcement (3x example I know of).