Nice description of his investment strategy from LazyMan – a Prosper investor. Worth the read, and nice way to place Social Lending in perspective too.
The last 5% of my investment is with Prosper.com. One of the reasons I lend money on Prosper is that it further diversifies my portfolio. I have a few friends who got depressed when the Dow drops from 14,000 to 12,700. I slept very well at night knowing that 60% of my money was invested elsewhere.
Bankwatch 