Dave Ramsey says he only holds 4 funds
Dave Ramsey has assets in a wide variety of classes. That may be all he needs for equity/bond exposure.
I have 21 mutual funds, including 13 Vanguard (my advisors say I am "overgrazing
Your advisors are likely correct. You are probably overweight and underweight in quite a few sectors and/or asset classes.
Never had interest in VTINX because it lost 2.5 % in 2011
I don't see what 2011's performance has to do with anything. JSAAX beat the S&P by 3% in 2008, 8% in 2009, 1.75% in 2010, and 2.3% in 2011. So what if it underperformed by 6.5% in ONE year out of the last five?
By the way, I'm early 50's, going to retire at 55.
And on paper, your life expectancy is 85-88, so you need to have assets that are poised for growth up to and through that age. Don't think that because you are retiring soon all of your assets should be in income funds.