HAPPY THANKSGIVING FROM LEAGUE'S FOUNDERS

Monday, October 12, 2009

Greetings Member Partners and Friends,

With the smells, sights and sounds of this Thanksgiving holiday filling my home, I've managed to sequester myself for a few moments to reflect on what makes me grateful and, as has become my custom, share these thoughts with you.

I telephoned my partner, Adam Gant, and together we kept our tradition: we counted our "blessings", and once again marvelled not just at their number, but also at their significance.

At this time in 2006, when I first began writing my Thanksgiving Day missives, 181 families were joined with ours in Member-Partnership. Today, 1,729 of us have linked their interests in like-minded friendship to ours, with another 64 currently in the enrolment process.

In 2006, there were just $42 million in assets under League management; today, that number stands at more than $350 million with the ultimate build-out value in the billions. Astoundingly, this year alone, nearly 500 new families have become Member-Partners in League and joined us in fulfilling our vision and mission.

Given that so much progress was made over the backdrop of the economy over the past year, I think you'll agree with me that there is much to be thankful for...

First and foremost, we are thankful that all League-managed investments not only remain in tact after the recent economic upheaval, they are well poised to capitalize on the opportunities now emerging as the economy strengthens.

We are thankful for the hard work performed by League's acquisition and development teams that helped to protect our Members' investments from the cataclysmic devaluation experienced throughout the world.

We are thankful  for the hard decisions made by the members of our executive team, and the steps already taken to ensure that the future of League, of the investments it manages, and most importantly, of our Member-Partners' families, continues to be bright.

We are thankful that the financing markets are back in business, because we can once again get back to our business of growing, and not only protecting, asset value.

We are thankful that the number of new people claiming unemployment in the US has dropped to its lowest since February, and that Canadian unemployment is down significantly as well. For the individual families involved and the economy at large, these are meaningful improvements.

We are also thankful for women and men in uniform, many of whom are currently far from home, doing work most of us would dare not even consider doing ourselves. I look forward to making an announcement in the near future to let you know how we at League plan to pay tribute to those who stand on guard for us all.

Most of all, as your fellow Member-Partners, my partner Adam Gant and I both thankful for your continued trust and support. Each day we are keenly aware of the responsibility to you that we bear. If trust were valued as capital, we'd be truly wealthy men indeed.

In closing, I want you to know that for Adam and I, League is neither our career, our vocation, nor our piggybank -- it is our life's mission. Wealth for wealth's sake is not even remotely part of our aspirations.

Even if we have not yet met or spoken with you in person, I want you to know also that you and your family mean far more to Adam and I than numbers printed on an account statement. The precise reason League exists is that we hope the investments you make with League will allow you to work less so you can spend more time with your family and being involved in the local or world community -- just as we affirmed in the 13th tenet of Our Credo. This is what we intend to bring our Member-Partners through the provision of Intergenerational Wealth™ through League.

From our families to yours, we wish you a very happy Thanksgiving,

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"What you leave behind is not what is engraved in stone
monuments, but what is woven into the lives of others."
-- Christopher Morley --
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