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Hi John:
You wrote....
> 1.Meadors and Borton are no longer associated and there have been
> efforts to apprpriate accounts by one of them.
White hat worn by Borton.....Black hat by Meadors.....at least this is
the consensus opinion. Steve Shellans of MoniResearch wrote about
their connflict and the conclusion is from my e-mail group.
>
> 2.They both are in the business of managing money via smartimer and
> some discretionary models.
>
> 3.The data I saw in their brochure showed 6 years of hypothetical data
> and 4 years of real time.The average annual rate of return was about
> 49% with the real time actually loking better.
>
> 4.Borton is not a marketing type and is kind of gruff on the phone.I
> am surprised he did not give you performance for '98.It is my
> understanding at the time I checked he was up over 20 + %.
Borton is 66 years old.......but that probably doesn't have anything to
do with him being gruff.....I had the same problem extracting information.
What gave me more confidence is that he handles folks monies who
seem to me to be pretty savy......
>
> 5.Your e-mail gave me enough concern re my wife's account and I
> checked on it today.I am pleased with the results for the last month
> in some trying markets and can tell you the account is up.
Borton went through a maximum drawdown of a little over 8% by being
caught short on the recent rally. He didn't cover when he should have.....
There is too much information to relay about the man and his methods
along with the conflict that exists between Meadors and Borton. I have
a small (15K) account with him since around Nov 1. His record from
the point of maximum drawdown, in percentage terms, is as follows:
Oct 29 +2.63
Oct 30 +3.94
Nov1: +4.99
Nov3 +4.59
Nov4 +5.84
Nov5 +7.42
Nov6 +8.15
Nov9 +7.14
In other words he has made back almost all he lost prior to his historic
maximum drawdown. His system appears to be robust. At close of
market yesterday, he was 75% long.......
There is an e-mail group called 'Money Managers' where we compare
notes and experiences about money managers and it all started as a
SIG interested in Elton. My information comes from people who know
Elton and also those who have money with him......
Charles
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