Over last weekend, I came across few video clips of David Swensen over at YouTube. It appears to be an interview with some business magazine. I believe any long term investor cannot skip this writing and thoughts about asset allocation, diversification, and alternative asset class. Furthermore, how can one miss his dislike of mutual fund industry and the joker at Mad Money. Mr. Swensen calls mutual funds industry as a marketing industry. After Warren Buffett, its David Swesen whom I admire the most. Both of them have one strikingly similar advice for individual investors, and that is, invest in index funds. At the same time, the significant difference between the two is that Swensen’s thoughts appear to be more pragmatic (on relative basis) for individual investors while Buffett’s skill still continues to remain more of an art.