The Wisdom of Crowds

This past week I was involved in a very tragic and traumatic event, the sudden death of a child of a very very close friend of mine. It was heartbreaking.

I also learned some valuable lessons from this, including some information about crowds. My friend, the father, turned to Facebook for help and comfort once the word went out.  Not surprisingly, he got support, comments and even some helpful advice from doctor and nurse friends from all across the country.  This was a reminder to me is that there is wisdom in crowds. We don't know what we don't know, and we don't know what other people in the crowd DO know.

So in this post, now that I am ready to get back to work, I wanted to compare a few of us in the Peer Lending field and show you where they have wisdom and experience that differ from mine.

Data Guys (and Gals)

For peer lending data and analysis and analytics of the data, we have a few wonderful resources. Some of the best are:

Peercube: Anil Gupta is a data analytics guy and his site is terrific

Nickel Steam Roller: Michael is also a data guy and his site is excellent as well

Orchard: this platform, run by Matt and Angela, organizes the data from the loan platforms into a user friendly format for investors. Their blog info, while a little more data driven than I am here is the closest of these 3 to what we post here on this blog

Retail Investor

Lending Memo: Simon is a tech guy who invests his own money and shows you what he's  doing. He is a retail investor. He is in my opinion, one of the leading retail investors tracking the field.

Industry Advocate/Watchdog

Lend Academy: Peter Renton is the foremost industry advocate and founder of the LendIt Conference. This is the best conference in the industry right now

Conclusion

As you can see, there is alot of wisdom in this crowd, whether its industry happenings, here is what I am doing and why types of blogs, or if you are completely data driven in your investing decisions, there are resources and there is wisdom in this crowd.  Lastly, not to toot my own horn, there is no one who is talking about these investments the way a Commercial Credit Analyst or other financial professional would and that's what I'm doing here.

What resources do you use to help you decide how to invest your money?

 

 

About the author

Stu Stu Lustman, the author of this post, is a Credit Analyst by trade trying to bring Commercial Credit Analysis techniques to the world of Peer to Peer Lending. Check me out on Twitter, LinkedIn and Google+

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