Two model portfolios to consider using are those recommended by David Swensen, chief investment officer of Yale University and author of Unconventional Success, and Mebane Faber, portfolio manager at Cambria Investment Management and co-author of The Ivy Portfolio. While Faber's book focuses on Ivy League portfolios, there are differences in the make up of the portfolios recommended by Swensen and Faber.
The small investor needs to recognize that universities like Princeton, Yale, and Harvard have access to professional money managers and investment vehicles that reside outside our sphere of accessibility. We do not, for example, have access to private equity as does Yale. I've been told many times, if you cannot employ a top quartile hedge fund manager, forget it. Faber bridges this gap in his recommendations.
Before moving into the differences and similarities between the "Swensen Six" and "Faber Ten," permit me to digress and address the Faber Five. I will quickly mention that Eric W. Richardson co-authored The Ivy Portfolio, and he needs to be given proper credit.