A Two-Fund Portfolio?

Investment guru Charles Ellis says the simpler, the better.

Charles Ellis is a living legend in the investment world. In 1972, he founded Greenwich Associates, one of the most famous global pension and institutional investment advisory businesses, which he ran until 2000.

He’s the author of 15 books, including Winning the Loser’s Game, an elegantly written investment classic that distills timeless wisdom about drawing up a long-term investment policy, how to understand risk, the importance of time in investing and how to construct an efficient portfolio. More than half a million copies of the book have been sold, and it was published in the fifth edition last year.

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Contributing Writer, Kiplinger's Personal Finance

Andrew Tanzer is an editorial consultant and investment writer. After working as a journalist for 25 years at magazines that included Forbes and Kiplinger’s Personal Finance, he served as a senior research analyst and investment writer at a leading New York-based financial advisor. Andrew currently writes for several large hedge and mutual funds, private wealth advisors, and a major bank. He earned a BA in East Asian Studies from Wesleyan University, an MS in Journalism from the Columbia Graduate School of Journalism, and holds both CFA and CFP® designations.