When in 1996 Henry Fernandez asked Morgan Stanley’s investment bankers to estimate the value of its modest indexing joint venture with Capital Group, he was told that the division he ran was probably worth no more than $20m.
1996年，亨利•费尔南德斯(Henry Fernandez)请摩根士丹利(Morgan Stanley)的投资银行家为摩根士丹利与Capital Group的这家小型指数合资企业（译注：即MSCI）估值。他得到的答案是，他执掌的这个业务部门价值很可能不超过2000万美元。
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