Seems like a pretty good article to me, and it could hardly be any more unequivocally pro-indexing. But then I've noticed that I usually like Walter Updegrave's articles.
Or you can make things really simple and invest in a total U.S. stock market index fund, in which case you get all U.S. stocks -- large, small, value, growth, all industries -- in a single fund. Throw in a total international stock index and a total U.S. bond market index fund, and you've got a fully diversified portfolio with just three funds.
Now, where have I heard that before?
Total global cap-weighting is not to my personal taste, but it does surprise me how writers keep overlooking the existence of the Vanguard Total World Stock Index fund and the iShares MSCI ACWI ETF.
Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness; Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery.