One hundred years ago on Thursday, Edward Leffler, a former door-to-door salesman of pots and pans, revolutionised financial markets. His invention, the open-ended mutual fund, allowed retail customers to buy into a diversified portfolio of stocks and be confident that they would get a fair value when they wanted their money back.
一百年前的周四，曾经挨家挨户推销锅碗瓢盆的爱德华•莱夫勒(Edward Leffler)彻底革新了金融市场。他的创新，即开放式共同基金，使得散户能够投资于一个多样化的股票组合，并且在他们需要赎回资金时，能够确信会得到一个公平的价值。
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