Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
FRFHF	Fairfax Financial Hld	165,948	$93.21M	11.4%	$316.93	+38.6%	COM	303901102
BRK/B	Berkshire Hathaway 'B'	596,345	$87.67M	10.8%	$110.02	+20.5%	COM	084670702
HCA	HCA Holdings, Inc.	454,371	$36.89M	4.5%	$38.03	+70.7%	COM	40412C101
—	Level 3 Commun	562,196	$30.48M	3.7%	$21.08	—	COM	52729N308
—	Corrections Corp Amer	879,207	$27.29M	3.4%	$33.75	—	COM	22025y407
—	Accenture Ltd	185,670	$21.28M	2.6%	$72.13	—	COM	g1151c101
BLX	Banco LatinoAmericano	718,516	$18.59M	2.3%	$11.35	+9.8%	COM	P16994132
L	Loews Corp.	410,234	$16.45M	2.0%	$42.04	-16.4%	COM	540424108
AAPL	Apple Computer	156,706	$16.35M	2.0%	$18.33	+23.0%	COM	037833100
—	TEGNA, Inc.	635,374	$15.26M	1.9%	$31.72	—	COM	87901j105
—	National Health Invstrs	218,214	$15.03M	1.8%	$59.86	—	COM	63633d104
XOM	Exxon Mobil Corp.	168,947	$14.8M	1.8%	$53.62	-3.1%	COM	30231G102
—	Peoples United Fncl	875,335	$14.14M	1.7%	$14.90	—	COM	712704105
JNJ	Johnson & Johnson	118,010	$13.32M	1.6%	$60.11	+31.0%	COM	478160104
MDLZ	Mondelez Int'l Inc	299,899	$12.75M	1.6%	$23.57	+37.5%	COM	609207105
PG	Procter & Gamble Co.	145,015	$11.54M	1.4%	$55.03	+12.0%	COM	742718109
DIS	Walt Disney Co.	105,379	$11.05M	1.4%	$57.93	+53.6%	COM	254687106
—	General Electric Co.	336,738	$10.4M	1.3%	$23.85	—	COM	369604103
BKD	Brookdale Sr Living Inc	545,374	$10.33M	1.3%	$23.88	-36.1%	COM	112463104
T	AT&T, Inc.	254,109	$9.679M	1.2%	$11.66	+18.7%	COM	00206R102
SLB	Schlumberger Ltd.	121,587	$9.63M	1.2%	$53.44	-0.6%	COM	806857108
—	United Technologies	91,460	$9.585M	1.2%	$94.30	—	COM	913017109
FDX	FedEx Corp.	55,216	$9.227M	1.1%	$95.78	+24.5%	COM	31428X106
INTC	Intel Corp.	285,883	$8.977M	1.1%	$17.21	+41.7%	COM	458140100
HD	Home Depot Inc.	63,766	$8.63M	1.1%	$56.27	+74.8%	COM	437076102
BBBY	Overstock	523,930	$8.105M	1.0%	$19.40	-33.0%	COM	690370101
SYY	Sysco Corp.	173,403	$8.029M	1.0%	$24.47	+36.4%	COM	871829107
PM	Philip Morris Intl	79,947	$7.774M	1.0%	$49.43	+13.0%	COM	718172109
—	Boardwalk Pipeline Prtnrs LP	476,217	$7.7M	0.9%	$13.47	—	COM	096627104
—	Verizon Comm.	147,477	$7.439M	0.9%	$48.53	—	COM	92343v104
LOW	Lowes Companies	95,959	$7.324M	0.9%	$32.27	+82.5%	COM	548661107
—	Owens Illinois Inc New	359,910	$6.586M	0.8%	$20.37	—	COM	690768403
HAL	Halliburton Inc.	161,699	$6.504M	0.8%	$33.40	-19.3%	COM	406216101
AMZN	Amazon.com	10,447	$6.445M	0.8%	$18.17	+56.2%	COM	023135106
MSFT	Microsoft Corp.	119,224	$6.133M	0.8%	$29.02	+58.8%	COM	594918104
WMT	Wal-Mart Stores Inc.	85,202	$5.905M	0.7%	$20.06	-8.7%	COM	931142103
RSG	Republic Services Inc.	125,722	$5.797M	0.7%	$26.38	+45.4%	COM	760759100
UPS	United Parcel Svc. Cl B	54,191	$5.757M	0.7%	$55.64	+21.6%	COM	911312106
PFE	Pfizer Inc.	169,965	$5.617M	0.7%	$17.56	+6.4%	COM	717081103
—	Merck & Company Inc.	97,870	$5.485M	0.7%	$46.77	—	COM	58933y105
—	Gannett Co. Inc.	298,341	$4.89M	0.6%	$13.99	—	COM	36473h104
IBM	International Business Machine	32,588	$4.858M	0.6%	$118.83	-29.2%	COM	459200101
CSCO	Cisco Systems Inc.	163,794	$4.66M	0.6%	$15.24	+24.3%	COM	17275R102
CAT	Caterpillar Inc.	58,957	$4.578M	0.6%	$62.46	-15.1%	COM	149123101
KHC	Kraft Heinz Company	57,102	$4.494M	0.6%	$47.51	+1.7%	COM	500754106
—	HCP Inc	127,917	$4.413M	0.5%	$44.08	—	COM	40414L109
—	Duke Energy Corp.	56,479	$4.346M	0.5%	$67.50	—	COM	26441c204
MDT	Medtronic PLC	54,988	$4.329M	0.5%	$58.13	+1.3%	COM	G5960L103
—	Leucadia Natl Corp	247,371	$4.282M	0.5%	$21.80	—	COM	527288104
—	Apache Corp.	74,002	$4.135M	0.5%	$81.19	—	COM	037411105
—	Twenty-First Cent Fox Inc. Cl	131,540	$4.061M	0.5%	$33.24	—	COM	90130A200
WTM	White Mountain Ins	4,877	$3.962M	0.5%	$583.58	+28.2%	COM	G9618E107
—	Alphabet Inc. Class C	5,527	$3.914M	0.5%	$608.44	—	COM	02079k107
WFC	Wells Fargo & Co.	72,982	$3.716M	0.5%	$30.39	+22.1%	COM	949746101
KO	Coca Cola Co.	79,492	$3.54M	0.4%	$27.88	+14.2%	COM	191216100
—	Altria Group, Inc.	57,286	$3.514M	0.4%	$35.77	—	COM	02209s103
AMGN	Amgen Inc.	21,361	$3.479M	0.4%	$81.39	+36.1%	COM	031162100
MCD	McDonalds Corp.	26,305	$3.359M	0.4%	$72.30	+30.0%	COM	580135101
LUV	Southwest Airlines Co.	71,229	$3.289M	0.4%	$35.47	+2.1%	COM	844741108
RHHBY	Roche Holdings	100,197	$3.183M	0.4%	$46.79	—	COM	771195104
BMY	Bristol Myers Squibb	43,594	$3.089M	0.4%	$29.43	+52.2%	COM	110122108
—	Comcast Corp. - Class A	48,716	$2.974M	0.4%	$56.27	—	COM	20030n101
DAL	Delta Airlines Inc.	64,926	$2.83M	0.3%	$39.11	+5.8%	COM	247361702
—	Twenty-First Cent Fox Inc. Cl	88,763	$2.748M	0.3%	$31.85	—	COM	90130a101
GIS	General Mills Inc.	44,175	$2.682M	0.3%	$35.03	+17.6%	COM	370334104
IJR	iShares S&P SmallCap 600 Index	22,985	$2.659M	0.3%	$91.02	—	COM	464287804
CVS	CVS Caremark Corp.	25,347	$2.607M	0.3%	$70.60	+2.6%	COM	126650100
—	Zoetis, Inc.	54,165	$2.579M	0.3%	$35.58	—	COM	98978v103
—	Oracle	62,771	$2.552M	0.3%	$31.53	—	COM	68389x105
DEO	Diageo PLC	22,327	$2.45M	0.3%	$111.87	—	COM	25243Q205
PEP	PepsiCo Inc.	23,263	$2.387M	0.3%	$56.14	+30.5%	COM	713448108
SPY	S & P 500 Index Depository Rec	11,059	$2.31M	0.3%	$205.80	—	COM	78462F103
XLU	SPDR Utilities Select	44,850	$2.131M	0.3%	$40.37	—	COM	81369Y886
—	3M Company	12,400	$2.061M	0.3%	$109.70	—	COM	88579y101
—	Scripps Networks Interactive,	29,625	$1.9M	0.2%	$66.78	—	COM	811065101
—	Dominion Resources, Inc.	26,175	$1.83M	0.2%	$60.24	—	COM	25746u109
CVX	Chevron Corp.	17,730	$1.814M	0.2%	$71.16	-19.3%	COM	166764100
VWO	Vanguard Emerging Markets ETF	51,563	$1.812M	0.2%	$38.31	—	COM	922042858
FXI	iShares FTSE China 25 Index Fu	52,800	$1.803M	0.2%	$33.43	—	COM	464287184
—	SunTrust Banks Inc.	42,362	$1.798M	0.2%	$35.25	—	COM	867914103
CPB	Campbell Soup Co.	28,800	$1.757M	0.2%	$30.86	+39.4%	COM	134429109
XRAY	Dentsply Sirona Inc.	28,993	$1.756M	0.2%	$58.93	0.0%	COM	24906P109
BP	BP PLC	49,075	$1.644M	0.2%	$37.80	—	COM	055622104
SBUX	Starbucks Corp.	26,785	$1.546M	0.2%	$36.23	+30.9%	COM	855244109
BRK/A	Berkshire Hathaway 'A'	7	$1.542M	0.2%	$177346.64	+12.5%	COM	084670108
URI	United Rentals, Inc.	22,010	$1.472M	0.2%	$72.84	-26.1%	COM	911363109
VMC	Vulcan Materials	13,175	$1.439M	0.2%	$47.19	+84.5%	COM	929160109
MKC	McCormick	15,440	$1.437M	0.2%	$28.18	+32.3%	COM	579780206
—	Express Scripts, Inc.	18,710	$1.389M	0.2%	$61.85	—	COM	30219g108
—	Select Basic Materials Sector	28,841	$1.368M	0.2%	$38.35	—	COM	81369y100
—	Pinnacle Financial Partners	23,385	$1.186M	0.1%	$45.06	—	COM	72346q104
HON	Honeywell Intl.	10,135	$1.163M	0.1%	$57.62	+32.5%	COM	438516106
GHC	Graham Holdings Co	2,349	$1.144M	0.1%	$339.79	+26.9%	COM	384637104
—	Regions Financial Corp.	121,132	$1.139M	0.1%	$9.63	—	COM	7591ep100
—	Forestar Group	81,500	$1.112M	0.1%	$17.80	—	COM	346233109
EPP	iShares MSCI Pacific Rim	27,248	$1.109M	0.1%	$43.25	—	COM	464286665
AIG	American Int'l Group	19,338	$1.094M	0.1%	$37.46	+12.4%	COM	026874784
—	Cable One Inc	2,349	$1.082M	0.1%	$419.33	—	COM	12685j105
—	Computer Sciences Corp.	32,182	$1.071M	0.1%	$51.94	—	COM	205363104
—	Vodafone Group PLC ADS	28,879	$965K	0.1%	$36.81	—	COM	92857w308
—	J. P. Morgan Chase & Co. Inc.	14,535	$929K	0.1%	$54.45	—	COM	46625h100
EEM	iShares MSCI Emerging Markets	25,527	$886K	0.1%	$39.07	—	COM	464287234
AAL	American Airlines Grp	23,664	$874K	0.1%	$43.32	-11.1%	COM	02376R102
—	Royal Dutch Shell Cl B	16,292	$858K	0.1%	$66.91	—	COM	780259107
—	CSRA, Inc.	32,088	$850K	0.1%	$30.01	—	COM	12650t104
OC	Owens Corning	16,378	$847K	0.1%	$40.99	+8.4%	COM	690742101
—	AbbVie, Inc.	13,876	$845K	0.1%	$49.75	—	COM	00287y109
TJX	TJX Companies, Inc.	10,356	$799K	0.1%	$20.85	+51.6%	COM	872540109
—	Celgene Corp.	6,926	$745K	0.1%	$118.69	—	COM	151020104
—	Travelers Inc.	6,600	$726K	0.1%	$79.89	—	COM	89417e109
—	Goldman Sachs Group	4,253	$705K	0.1%	$172.31	—	COM	38141g104
—	Zimmer Biomet Holdings, Inc.	6,014	$693K	0.1%	$93.91	—	COM	98956p102
GLD	SPDR Gold Trust	5,557	$660K	0.1%	$122.14	—	COM	78463V107
—	Novartis AG	8,130	$625K	0.1%	$72.15	—	COM	66987v109
WU	Western Union	30,205	$610K	0.1%	$17.11	—	COM	959802109
AXP	American Express Co.	8,741	$579K	0.1%	$61.34	-17.7%	COM	025816109
USB	US Bancorp	13,250	$575K	0.1%	$22.51	+23.5%	COM	902973304
IWB	iShares Russell 1000 Index ETF	4,580	$532K	0.1%	$94.72	—	COM	464287622
NHC	National Healthcare	7,848	$507K	0.1%	$46.69	+33.4%	COM	635906100
—	Alphabet Inc. Class A	674	$489K	0.1%	$645.23	—	COM	02079k305
ADP	Automatic Data Processing	5,367	$482K	0.1%	$46.35	+46.0%	COM	053015103
VV	Vanguard Large-Cap Exchanged T	4,995	$477K	0.1%	$76.72	—	COM	922908637
—	KKR & Company LP	32,525	$472K	0.1%	$22.46	—	COM	48248M102
—	Mead Johnson Nutrition	5,314	$448K	0.1%	$79.17	—	COM	582839106
VB	Vanguard Small-Cap VIPERs	3,779	$434K	0.1%	$95.75	—	COM	922908751
—	L-3 Communications	3,300	$412K	0.1%	$85.63	—	COM	502424104
DRI	Darden Restaurants, Inc.	6,440	$411K	0.1%	$35.03	+36.6%	COM	237194105
ABT	Abbott Laboratories	9,308	$408K	0.1%	$29.24	+12.9%	COM	002824100
—	Pico Holdings	39,000	$401K	0.0%	$16.95	—	COM	693366205
—	Brookfield Pptys Part	17,000	$394K	0.0%	$20.02	—	COM	G16249107
IVV	iShares S&P 500 Core Index ETF	1,798	$378K	0.0%	$180.75	—	COM	464287200
—	St. Jude Medical Inc.	5,925	$357K	0.0%	$63.06	—	COM	790849103
DVY	iShares DJ Select Dividend Ind	4,360	$356K	0.0%	$81.65	—	COM	464287168
ALL	AllState Corp.	5,011	$330K	0.0%	$37.12	+36.1%	COM	020002101
—	Truxton Corp.	12,390	$328K	0.0%	$19.01	—	COM	89845y107
PSX	Phillips 66	3,598	$318K	0.0%	$54.04	+3.7%	COM	718546104
—	HealthStream Inc.	13,600	$313K	0.0%	$25.29	—	COM	42222n103
—	E. I. Dupont de Nemours & Co.	4,551	$307K	0.0%	$53.98	—	COM	263534109
—	Tidewater Inc.	35,931	$300K	0.0%	$54.64	—	COM	886423102
—	NextEra Energy, Inc.	2,595	$300K	0.0%	$115.61	—	COM	65339f101
—	Baker Hughes, Inc.	6,527	$299K	0.0%	$51.73	—	COM	057224107
VO	Vanguard Mid-Cap Exchange Trad	2,355	$291K	0.0%	$96.88	—	COM	922908629
—	ConocoPhillips	5,848	$281K	0.0%	$60.81	—	COM	20825c104
SXC	SunCoke Energy	36,500	$274K	0.0%	$9.20	-53.8%	COM	86722A103
IWR	iShares Russell Mid-Cap Index	1,630	$271K	0.0%	$132.49	—	COM	464287499
EFA	iShares MSCI EAFE Index Fund	4,385	$261K	0.0%	$63.83	—	COM	464287465
BA	Boeing Co.	1,842	$245K	0.0%	$109.27	+2.4%	COM	097023105
NSRGY	Nestle SA Sponsored Reg	3,200	$238K	0.0%	$74.38	—	COM	641069406
—	Hewlett Packard Enterprise Co.	13,731	$238K	0.0%	$15.22	—	COM	42824c109
NKE	Nike	3,921	$233K	0.0%	$56.67	-6.1%	COM	654106103
CL	Colgate Palmolive Co.	3,331	$230K	0.0%	$44.86	+17.9%	COM	194162103
SYK	Stryker	2,050	$224K	0.0%	$88.14	0.0%	COM	863667101
IJH	iShares MidCap 400	1,518	$224K	0.0%	$139.00	—	COM	464287507
C	Citigroup Inc.	4,640	$219K	0.0%	$38.18	-18.2%	COM	172967424
—	Total System Services	4,145	$215K	0.0%	$49.70	—	COM	891906109
PAAS	Pan American Silver	15,000	$215K	0.0%	$6.83	+25.4%	COM	697900108
TRC	Tejon Ranch Co.	9,000	$209K	0.0%	$18.40	0.0%	COM	879080109
—	HP Inc.	13,731	$175K	0.0%	$11.87	—	COM	40434l105
BAC	BankAmerica Corp.	11,583	$175K	0.0%	$10.76	+0.9%	COM	060505104
—	Monmouth REIT	11,000	$127K	0.0%	$9.69	—	COM	609720107
AGI	Alamos Gold Inc New Cl A	13,550	$83,000	0.0%	$3.67	+4.9%	COM	011532108
AERN	AER Energy Resources Inc	5,000,000	$0	0.0%	$0.00	+40.9%	COM	000944207