Why rebalancing may be a very big mistake.

In this podcastPaul explains his decision to make a very different approach to rebalancing.  Many of the details he mentions can be found in his recent article on MarketWatch.com.  While the past does not guarantee the future, his recommendation could leave investors with an additional 1% a year, without taking significantly more risk.  Paul invites your comments and questions on this subject.  Thumbs up or thumbs down?