NEWS photo Cindy Goodman

Local. residents graduate

from. new CHBA program

THREE NORTH Shore residents were ‘among the first
graduating class of. the ew Certified Professional Builder’s

Program. .

Initiated by the. Canadian Home Builders’ Association

- (CHBA), the program has been launched to establish in-.—

dustry recognition for home builders and provide a public
identification for builders who meet established criteria.

George Christopher, of
Christopher Construction Ltd.,
Hans Ounpuu, of Hans Ounpun
Construction, and David Tobias of
International Land Corp., received
their professional designations at a
recent ceremony at the Westin
Bayshore Hotel in Vancouver.

briefcase
Michael Becker

To qualify as a Registered Hous-
ing Professional, an individual
builder must show evidence of at
least five years’ experience in the
residential construction industry;
have at least two years’ practical
experience in the employ of a
recognized residential contractor
or as a sole proprietor; have com-
pleted educational requirements
including the mandatory and
specified course, program exams
and specified continuing education
to update. knewledge; requalify
every three years.

‘To qualify as a Certified Profes-

sional Builder, a building company

must employ at least: one Regis- |

tered Housing Professional; have
been a member of the CHBA for
at least two years; be a member of
the New Home Warranty Pro-
gram.

For more information call the
CHBA at 432-7112.

ekhaka

A VANCOUVER company with

North: Shore, connections has de-

2

veloped a multi-purpose boat,
called the Take 5, that can be used
as a sailboard, sailboat, rowing
shell, paddie boat or power boat.

The 11.5-foot fibreglass boat is
manufactured in Vancouver. Bill
Koiker, a resident of West Van-
couver, is one of the principals in
Take 5 Marketing Corp. North
Vancouver resident Michael Trigg
is the company’s production and
marketing manager.

For more information call 684-
3088.

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A ONE-DAY workshop, spon-
sored by Indusiry, Science and
Technology Canada and the Inter-
national Trade Centre, June 12 at
the Sheraton-Landmark Hotel will
focus on how to make interna-
tional trade shows more profitable.

The {International Trade Shows
Made Profitable workshop leader
is Barry Siskind, a trade and con-
sumer show specialist.

For registration information
contact Richard Stephenson, In-
ternational Trade Centre at 666-
1443.

GI.C. HOTLINE
Bonus

Yay cre

683-0893 (24 hrs.)

Metropolitan
oe Trust.

SOOUTING
4 ISIN

YOUNG TAYLOR Stephen
horored his mom Kathy
with a special Mother’s Day
present recently when he
won first prize in the North
Shore News/ Park Royal
Merchants Association’s
Mom’s Magical Mystery
Tour contest. Taylor won a
Las Vegas trip courtesy of
Marlin Travel. Pictured
above are {left to right)
News’ promotions manager
Dorinda Emery and Marlin
Travel manager Shamin
Shariff presenting the air
tickets to Kathy Stephen and
son Taylor.

N
27 ~ Sanday, June 11, 1939 - North Shore News

U.S.

PLAYING THE STOCK MARKET

billionaire reveals

secret of his success

WHEN MONEY talks, people
listen. And when it comes to mak-
ing money, few investors have
done better than Warren Buffett,
an American. When Buffett talks,
people listen.

Buffett is likely the most suc-
cessful investor alive today. He has
built his own fortune, estimated at
more than US$3 billion, by in-
vesting in the stock market for the
past thirty-three years,

Buffett spoke on successful in-
vesting in April during a share-
holders meeting of a company
called Berkshire Hathaway Inc.,
which is one of Buffett’s principal
investments.

Buffett’s approach to investing
is straightforward — invest in
value. Find shares in good com-
panies that are in wonderful
businesses and purchase them
when the price of these shares is
below their intrinsic value.

In other words, look for stocks
that are undervalued for one
reason or another. Buy them, and
hang on to them for as long as it
takes until the market realizes their
value and the price moves up. Buy
low, sell high.

Here are a few of Buffett’s

quotes from this meeting:

On successful investing: ‘You
get into a lot of trouble looking at
statistical data about economic
Phenomena because everybody
loves to come up with a system
that worked over the last. twenty
years. If you could make money
just by looking at past data, the
richest people in the wofld would
be librarians. It does not work that
way. Most systems can stand any-
thing except their publication.”

On time management: ‘People
rise in business because they are
good at something; theg they don’t
have the time to do what they are
good at.”

The concept of value i investing is
not new — but it’s one that takes
research and discipline to follow.
That may be why so few people are
successful at it.

But the bottom line i is that value
investing is perhaps not the
quickest way to make money in the
stock market — but it is by far the
best way.

Rick Peterson is with investment
dealer Walwyn Stodgell Cochran
Murrzy Limited. He can be reach-
ed at 669-6262.

We've lengthened ourday —
~~ to suit your day. -

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hours.

We're convenient...

Did you know that we're probably only 20 minutes
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