ETMarkets PMS Talk | The biggest de-rating warning? When market expectations outrun business reality: Swati Khemani

Swati Khemani, Founder & CEO of Carnelian Asset Management & Advisors, believes de-rating is the “other side of alpha” and one of the most underappreciated risks in equity investing. She argues that the biggest warning sign emerges when market expectations begin to move faster than the underlying business, leaving little room for positive surprises.