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Patrick Schotanus works for Kames Capital in Edinburgh, UK. He has over 20 years of investment experience and an MBA from the University of Groningen, as well as a Masters degree in Financial Engineering from the University of California at Berkeley. His professional qualifications include the CMT and RBA designations.
Patrick has recently completed his Ph.D. in complex psychology which views the human mind and its extensions as a complex adaptive system. His publications, which include papers in peer-reviewed journals, have been inspired by his research which introduces the Market Mind Hypothesis (MMH) to counterbalance the dominant Efficient Market Hypothesis (EMH). The premise of MMH is the market as a mind-body with the specific proposition that capital markets manifest collective consciousness, referred to as “the market’s mind”. This perspective takes behavioral finance to its logical conclusion, among others by highlighting the market’s mind-body problem. More generally it suggests that investing involves more than cognition and reaches beyond rationality and logic, driven by the often overwhelming dynamics of mass psychology such as mood and sentiment. Supported by insights from other mind studies, like neuroscience and evolutionary psychology, Patrick’s research emphasizes the unconscious origin and phenomenal culmination of price discovery which escape axiomatic capture.
The views expressed in these articles are personal and do not necessarily reflect those of Kames Capital.