The clue as to why the London Stock Exchange has risen sevenfold in value in the past seven years is not contained in its name. The best days of being a stock exchange are in the past, when they were near-monopolies owned by market-making members and could easily make money. That was long ago.
对于伦敦证交所(LSE)为何在过去7年价值增长7倍，线索不在于其名称。股票交易所的黄金时代是在它们近乎垄断、由做市商会员拥有的过去。那是很久之前的事情了。
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