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The more you learn, the more you earn: 6 essential books for P2P-investors

Education is an important asset to be constantly invested in. Robo.cash has selected books that will help you to dive-in the world of finances and P2P-lending, regardless of whether you are a beginner or an advanced investor. Never mind that some of them were written in the last century, they are still relevant today, as they give a powerful set of advice on achieving wealth and dealing with crisis situations.

1.The Black Swan: The Impact of the Highly Improbable by Nassim Nicholas Taleb, 2007

Mankind has periodically faced devastating disasters and shocks that do not fit in the framework of the most fantastic predictions. Nassim Taleb calls such rare unpredictable events “black swans”. His book is not a manual on economics and finances but it gives interesting insights that can also be applied in an investment strategy. For example, Taleb’s option fund which is based on the black swan philosophy raised half a billion dollars during the financial crisis in 2008. 

2. The Richest Man in Babylon by George S. Clason, 1926 (first edition)

The Richest Man in Babylon is a timeless classic designed for everyone looking to achieve financial success. The book consists of parables that take place in Babylon. It was originally a series of information brochures distributed by banks and insurance companies. Later these brochures were combined into one edition and published. The book tells about the importance of saving your “treasures” from loss and expanding your income opportunities through learning new things. 

3. Against the Gods. The Remarkable Story of Risk by Peter L. Bernstein, 1996

Peter L. Bernstein begins his book by stating that “the future is more than a whim of the gods and that men and women are not passive before nature” TheAmerican financial historien, economist and educator, the author believes that to judge how modern methods of risk manipulation are good or evil, one should study the history of risk and probability theory from Ancient Greece to the present day. Despite the fact that the book was written in 1996 and doesn’t take into account the last 24 years, it is valuable in the development of risk assessment methods and control over them, which is indispensable in investing. 

4. The Ultimate Guide to P2P Lending “How to Get Your Peer-to-Peer Investments Started” Sebastian Wörner, Vincent Willkomm, 2020

The authors of this book have been active P2P investors for many years. In their guidance they investigate the prehistory of the P2P segment, pointing out all aspects of this rapidly growing asset class. They share their experience and recommend different investment strategies. Telling about the P2P lending features they reveal undisclosed details about the market and interesting insights on the topic.

5. Investing In P2P Lending “The No B.S. Guide To Getting Started Investing In Peer-To-Peer Lending - A Rocket Guide ” - Ethan Galstad, 2019

Ethan Galstad is a successful entrepreneur and investor. Efficiently investing in stocks, precious metals, real estate, P2P lending and other assets, he strives for continuous learning and helps others succeed. His book is more like an article, in which Ethan Galstad summarizes his experience and describes the pros and cons of P2P investing with the purpose to achieve financial prosperity and secure retirement.

6. Invest in P2P Lending. What you should know, how to avoid mistakes and invest successfully - Lars Wrobbel, Kolja Barghoorn - 2019

Throwing themselves into the P2P lending jungle, authors collected their experience on the pages of this book so that you can use their knowledge and advice.They describe in detail the mechanism of P2P lending, explain how to calculate profitability and risks, immerse the reader in investment ethics and taxation and offer examples of an investment portfolio. In general, the book provides an understanding of how to invest successfully and avoid mistakes.

We hope that a more detailed acquaintance with the selection recognized by Robo.cash specialists and the wider expert community will become a highly profitable investment in your knowledge! And in turn, you can use it in practice both for successful investment and to improve financial well-being. 

Enjoy reading and reach new financial heights!