He argues that most individual investors, including many wealthy people, are better off with a plain-vanilla portfolio of regular and inflation-protected Treasury bonds and low-cost index funds tied to U.S. and foreign equities, as well as real-estate stocks.

My friend Peter pointed me to a Barron's article on David Swensen, who as Yale University's Chief Investment Officer, “has compiled a 17.4% annualized return for his school's endowment fund over the past decade, easily making him one of America's most successful investors.”

His new book, Unconventional Success looks like a good one. In the meantime, I found a short interview with him at NPR. Enjoy!