Often there were classes of shareholders.

通常基金中有不同级别的股东
There was a class of prime shareholders

优先股东
who got the profits from the enterprise and then

能直接从企业获得利润
there was a class of other shareholders who were the hoi polloi.

另一类股东就是持有股票的平民大众
After 1929, many of the investment funds crashed and burned

1929年后很多投资基金都倒闭了
and people got very upset. They were very upset, particularly,

民众愤怒异常特别是
that the investment fund was really being run for

投资基金的运作
the profit and benefit of the guys who started the fund,

实际是为了基金发起者的利益
not all the people who were in there.

而不是所有持有基金的民众
After 1929, there was some looking around as

1929年后有人开始研究
how should investment funds really be organized.

投资基金应当如何运作
Then attention became focused on MIT because

注意力集中到了MIT 因为