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.
一百年前的週四，曾經挨家挨戶推銷鍋碗瓢盆的愛德華•萊夫勒(Edward Leffler)徹底革新了金融市場。他的創新，即開放式共同基金，使得散戶能夠投資於一個多樣化的股票組合，並且在他們需要贖回資金時，能夠確信會得到一個公平的價值。
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