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?費爾南德斯(Henry Fernandez)請摩根士丹利(Morgan Stanley)的投資銀行家為摩根士丹利與Capital Group的這家小型指數合資企業（譯注：即MSCI）估值。他得到的答案是，他執掌的這個業務部門價值很可能不超過2000萬美元。
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