Mr. Bogle believes that a simple portfolio including only two funds, the Vanguard TotalStockMarketIndexFund and Total Bond MarketIndexFund would be sufficient for many investors.
To show this, I created and rebalanced several portfolios using the Vanguard TotalStockMarketIndexFund Admiral Shares (VTSAX) and the Vanguard Total Bond MarketIndexFund Admiral Shares (VBTLX).