[rockrock]

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Fairholme - 40%
Vanguard 500 Index Fund Investor Shares (VFINX) - 20%
Vanguard Small-Cap Index Fund Investor Shares (NAESX) - 20%
Vanguard Total International Stock Index Fund (VGTSX) - 20%

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Do yourself a favor and read the latest books by Larry Swedroe and Rick Ferri. The evidence for asset allocation via indexing with small cap, value tilt (and equal amts of international) is compelling.

Since I am only active with a small part of my portfolio, these 2 authors have radically changed (for the better) my passive investment decisions.

I wouldn't buy a single fund until I read at least 1 of those 2 authors latest books.

Also see the Vanguard Diehards forum at morningstar.com (its free).

Great stuff you won't hear from anyone working sell-side wall street (i.e. every breathing human on tv and 99.9% of the other authors out there).

Good luck