Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
FRFHF	Fairfax Financial Hld	165,918	$89.43M	10.8%	$316.93	+39.7%	COM	303901102
BRK/B	Berkshire Hathaway 'B'	596,295	$86.34M	10.5%	$110.02	+29.9%	COM	084670702
HCA	HCA Holdings, Inc.	446,496	$34.38M	4.2%	$38.03	+93.0%	COM	40412C101
—	Corrections Corp Amer	879,861	$30.81M	3.7%	$33.75	—	COM	22025y407
—	Level 3 Commun	567,946	$29.24M	3.5%	$21.39	—	COM	52729N308
—	Accenture Ltd	185,973	$21.07M	2.6%	$72.13	—	COM	g1151c101
BLX	Banco LatinoAmericano	714,527	$18.93M	2.3%	$11.35	+25.7%	COM	P16994132
L	Loews Corp.	410,238	$16.86M	2.0%	$42.04	-9.7%	COM	540424108
—	National Health Invstrs	213,014	$15.99M	1.9%	$59.86	—	COM	63633d104
XOM	Exxon Mobil Corp.	168,824	$15.83M	1.9%	$53.62	+7.9%	COM	30231G102
AAPL	Apple Computer	158,494	$15.15M	1.8%	$18.38	+23.1%	COM	037833100
—	TEGNA, Inc.	640,359	$14.84M	1.8%	$31.72	—	COM	87901j105
JNJ	Johnson & Johnson	116,835	$14.17M	1.7%	$60.11	+44.8%	COM	478160104
MDLZ	Mondelez Int'l Inc	299,299	$13.62M	1.6%	$23.57	+47.8%	COM	609207105
—	Peoples United Fncl	858,535	$12.59M	1.5%	$14.90	—	COM	712704105
PG	Procter & Gamble Co.	144,819	$12.26M	1.5%	$55.03	+15.1%	COM	742718109
T	AT&T, Inc.	253,979	$10.97M	1.3%	$11.66	+29.6%	COM	00206R102
—	General Electric Co.	342,454	$10.78M	1.3%	$23.98	—	COM	369604103
DIS	Walt Disney Co.	108,439	$10.61M	1.3%	$58.90	+56.5%	COM	254687106
SLB	Schlumberger Ltd.	124,797	$9.869M	1.2%	$53.56	+8.7%	COM	806857108
—	United Technologies	91,407	$9.374M	1.1%	$94.30	—	COM	913017109
INTC	Intel Corp.	284,825	$9.342M	1.1%	$17.21	+46.0%	COM	458140100
SYY	Sysco Corp.	173,403	$8.798M	1.1%	$24.47	+54.0%	COM	871829107
BBBY	Overstock	524,930	$8.457M	1.0%	$19.40	-18.2%	COM	690370101
FDX	FedEx Corp.	55,693	$8.453M	1.0%	$95.78	+45.4%	COM	31428X106
BKD	Brookdale Sr Living Inc	545,599	$8.424M	1.0%	$23.88	-26.9%	COM	112463104
—	Boardwalk Pipeline Prtnrs LP	476,217	$8.31M	1.0%	$13.47	—	COM	096627104
—	Verizon Comm.	147,639	$8.244M	1.0%	$48.53	—	COM	92343v104
HD	Home Depot Inc.	63,906	$8.16M	1.0%	$56.27	+86.5%	COM	437076102
PM	Philip Morris Intl	79,022	$8.038M	1.0%	$49.43	+24.2%	COM	718172109
AMZN	Amazon.com	10,563	$7.559M	0.9%	$18.34	+84.4%	COM	023135106
LOW	Lowes Companies	94,924	$7.515M	0.9%	$32.27	+100.8%	COM	548661107
HAL	Halliburton Inc.	159,869	$7.24M	0.9%	$33.40	+2.2%	COM	406216101
—	Owens Illinois Inc New	357,910	$6.446M	0.8%	$20.37	—	COM	690768403
RSG	Republic Services Inc.	125,422	$6.435M	0.8%	$26.38	+54.8%	COM	760759100
WMT	Wal-Mart Stores Inc.	85,041	$6.21M	0.8%	$20.06	-2.7%	COM	931142103
MSFT	Microsoft Corp.	120,975	$6.19M	0.7%	$29.27	+57.1%	COM	594918104
PFE	Pfizer Inc.	169,594	$5.971M	0.7%	$17.56	+19.9%	COM	717081103
UPS	United Parcel Svc. Cl B	54,032	$5.82M	0.7%	$55.64	+31.3%	COM	911312106
—	Merck & Company Inc.	96,870	$5.581M	0.7%	$46.77	—	COM	58933y105
IBM	International Business Machine	35,647	$5.41M	0.7%	$116.79	-18.5%	COM	459200101
KHC	Kraft Heinz Company	57,802	$5.114M	0.6%	$47.58	+12.6%	COM	500754106
—	Duke Energy Corp.	58,859	$5.05M	0.6%	$68.24	—	COM	26441c204
MDT	Medtronic PLC	58,041	$5.036M	0.6%	$58.41	+8.7%	COM	G5960L103
CAT	Caterpillar Inc.	60,402	$4.579M	0.6%	$62.40	-4.1%	COM	149123101
—	HCP Inc	128,917	$4.561M	0.6%	$44.08	—	COM	40414L109
CSCO	Cisco Systems Inc.	158,571	$4.549M	0.6%	$15.24	+36.9%	COM	17275R102
—	Leucadia Natl Corp	246,051	$4.264M	0.5%	$21.80	—	COM	527288104
AMGN	Amgen Inc.	27,886	$4.243M	0.5%	$89.65	+30.2%	COM	031162100
—	Apache Corp.	74,452	$4.145M	0.5%	$81.19	—	COM	037411105
—	Alphabet Inc. Class C	5,957	$4.123M	0.5%	$614.48	—	COM	02079k107
—	Gannett Co. Inc.	298,333	$4.12M	0.5%	$13.99	—	COM	36473h104
WTM	White Mountain Ins	4,877	$4.106M	0.5%	$583.58	+39.8%	COM	G9618E107
—	Altria Group, Inc.	56,706	$3.91M	0.5%	$35.77	—	COM	02209s103
KO	Coca Cola Co.	79,492	$3.603M	0.4%	$27.88	+19.5%	COM	191216100
—	Twenty-First Cent Fox Inc. Cl	126,990	$3.46M	0.4%	$33.24	—	COM	90130A200
WFC	Wells Fargo & Co.	72,682	$3.44M	0.4%	$30.39	+22.5%	COM	949746101
CVS	CVS Caremark Corp.	35,607	$3.409M	0.4%	$71.72	+3.9%	COM	126650100
MCD	McDonalds Corp.	27,780	$3.343M	0.4%	$73.72	+34.5%	COM	580135101
RHHBY	Roche Holdings	99,277	$3.271M	0.4%	$46.79	—	COM	771195104
BMY	Bristol Myers Squibb	44,018	$3.238M	0.4%	$29.43	+71.6%	COM	110122108
—	Comcast Corp. - Class A	48,718	$3.176M	0.4%	$56.27	—	COM	20030n101
GIS	General Mills Inc.	44,175	$3.151M	0.4%	$35.03	+29.7%	COM	370334104
LUV	Southwest Airlines Co.	79,929	$3.134M	0.4%	$35.76	+6.7%	COM	844741108
DEO	Diageo PLC	25,552	$2.884M	0.3%	$112.00	—	COM	25243Q205
—	Zoetis, Inc.	59,815	$2.839M	0.3%	$36.71	—	COM	98978v103
IJR	iShares S&P SmallCap 600 Index	22,995	$2.672M	0.3%	$91.02	—	COM	464287804
—	Oracle	62,771	$2.569M	0.3%	$31.53	—	COM	68389x105
DAL	Delta Airlines Inc.	69,138	$2.519M	0.3%	$39.03	-3.2%	COM	247361702
PEP	PepsiCo Inc.	23,195	$2.457M	0.3%	$56.14	+37.3%	COM	713448108
—	Twenty-First Cent Fox Inc. Cl	88,163	$2.385M	0.3%	$31.85	—	COM	90130a101
HON	Honeywell Intl.	20,163	$2.345M	0.3%	$70.83	+18.9%	COM	438516106
SPY	S & P 500 Index Depository Rec	11,059	$2.317M	0.3%	$205.80	—	COM	78462F103
XLU	SPDR Utilities Select	43,963	$2.307M	0.3%	$40.37	—	COM	81369Y886
ABT	Abbott Laboratories	55,448	$2.18M	0.3%	$32.66	+2.1%	COM	002824100
—	3M Company	12,400	$2.172M	0.3%	$109.70	—	COM	88579y101
—	Dominion Resources, Inc.	26,175	$2.04M	0.2%	$60.24	—	COM	25746u109
CPB	Campbell Soup Co.	28,800	$1.916M	0.2%	$30.86	+49.5%	COM	134429109
CVX	Chevron Corp.	17,730	$1.859M	0.2%	$71.16	-6.2%	COM	166764100
—	Scripps Networks Interactive,	29,625	$1.845M	0.2%	$66.78	—	COM	811065101
VWO	Vanguard Emerging Markets ETF	51,563	$1.817M	0.2%	$38.31	—	COM	922042858
XRAY	Dentsply Sirona Inc.	28,693	$1.78M	0.2%	$58.93	+4.4%	COM	24906P109
—	SunTrust Banks Inc.	42,754	$1.756M	0.2%	$35.25	—	COM	867914103
BP	BP PLC	47,975	$1.704M	0.2%	$37.80	—	COM	055622104
FXI	iShares FTSE China 25 Index Fu	49,450	$1.692M	0.2%	$33.43	—	COM	464287184
MKC	McCormick	15,440	$1.647M	0.2%	$28.18	+44.3%	COM	579780206
VMC	Vulcan Materials	13,175	$1.586M	0.2%	$47.19	+120.8%	COM	929160109
SBUX	Starbucks Corp.	27,010	$1.543M	0.2%	$36.23	+28.2%	COM	855244109
BRK/A	Berkshire Hathaway 'A'	7	$1.519M	0.2%	$177346.64	+20.9%	COM	084670108
—	Computer Sciences Corp.	30,584	$1.518M	0.2%	$51.94	—	COM	205363104
URI	United Rentals, Inc.	22,010	$1.477M	0.2%	$72.84	-13.2%	COM	911363109
—	Express Scripts, Inc.	18,748	$1.421M	0.2%	$61.85	—	COM	30219g108
—	Pinnacle Financial Partners	28,360	$1.385M	0.2%	$45.72	—	COM	72346q104
—	Select Basic Materials Sector	28,841	$1.336M	0.2%	$38.35	—	COM	81369y100
GHC	Graham Holdings Co	2,349	$1.15M	0.1%	$339.79	+30.3%	COM	384637104
—	Cable One Inc	2,249	$1.15M	0.1%	$419.33	—	COM	12685j105
—	Forestar Group	94,500	$1.124M	0.1%	$16.99	—	COM	346233109
EPP	iShares MSCI Pacific Rim	27,248	$1.068M	0.1%	$43.25	—	COM	464286665
AAL	American Airlines Grp	37,331	$1.057M	0.1%	$39.34	-17.5%	COM	02376R102
AIG	American Int'l Group	19,338	$1.023M	0.1%	$37.46	+15.6%	COM	026874784
—	Regions Financial Corp.	119,335	$1.016M	0.1%	$9.63	—	COM	7591ep100
GLD	SPDR Gold Trust	7,877	$996K	0.1%	$123.41	—	COM	78463V107
—	Royal Dutch Shell Cl B	16,223	$909K	0.1%	$66.91	—	COM	780259107
—	J. P. Morgan Chase & Co. Inc.	14,535	$903K	0.1%	$54.45	—	COM	46625h100
—	AbbVie, Inc.	14,276	$884K	0.1%	$50.09	—	COM	00287y109
EEM	iShares MSCI Emerging Markets	25,552	$878K	0.1%	$39.07	—	COM	464287234
—	Vodafone Group PLC ADS	27,753	$857K	0.1%	$36.81	—	COM	92857w308
OC	Owens Corning	16,253	$837K	0.1%	$40.99	+21.5%	COM	690742101
—	Novartis AG	9,750	$804K	0.1%	$73.87	—	COM	66987v109
TJX	TJX Companies, Inc.	10,357	$800K	0.1%	$20.85	+59.9%	COM	872540109
—	Goldman Sachs Group	5,343	$794K	0.1%	$167.47	—	COM	38141g104
—	Travelers Inc.	6,600	$786K	0.1%	$79.89	—	COM	89417e109
—	Zimmer Biomet Holdings, Inc.	6,256	$753K	0.1%	$94.94	—	COM	98956p102
—	CSRA, Inc.	31,889	$747K	0.1%	$30.01	—	COM	12650t104
—	Celgene Corp.	6,434	$635K	0.1%	$118.69	—	COM	151020104
ALL	AllState Corp.	8,774	$614K	0.1%	$44.40	+21.8%	COM	020002101
WU	Western Union	30,205	$579K	0.1%	$17.11	—	COM	959802109
IWB	iShares Russell 1000 Index ETF	4,600	$538K	0.1%	$94.72	—	COM	464287622
USB	US Bancorp	13,250	$534K	0.1%	$22.51	+29.6%	COM	902973304
AXP	American Express Co.	8,741	$531K	0.1%	$61.34	-9.9%	COM	025816109
NHC	National Healthcare	7,848	$508K	0.1%	$46.69	+36.0%	COM	635906100
—	L-3 Communications	3,300	$484K	0.1%	$85.63	—	COM	502424104
ADP	Automatic Data Processing	5,267	$484K	0.1%	$46.35	+54.9%	COM	053015103
VV	Vanguard Large-Cap Exchanged T	5,020	$481K	0.1%	$76.72	—	COM	922908637
—	Mead Johnson Nutrition	5,300	$481K	0.1%	$79.17	—	COM	582839106
—	Alphabet Inc. Class A	674	$474K	0.1%	$645.23	—	COM	02079k305
—	St. Jude Medical Inc.	5,925	$462K	0.1%	$63.06	—	COM	790849103
VB	Vanguard Small-Cap VIPERs	3,789	$438K	0.1%	$95.75	—	COM	922908751
—	Pico Holdings	44,000	$416K	0.1%	$16.10	—	COM	693366205
DRI	Darden Restaurants, Inc.	6,440	$408K	0.0%	$35.03	+42.2%	COM	237194105
—	NextEra Energy, Inc.	3,003	$392K	0.0%	$117.64	—	COM	65339f101
—	Brookfield Pptys Part	17,000	$382K	0.0%	$20.02	—	COM	G16249107
IVV	iShares S&P 500 Core Index ETF	1,798	$378K	0.0%	$180.75	—	COM	464287200
DVY	iShares DJ Select Dividend Ind	4,385	$374K	0.0%	$81.65	—	COM	464287168
—	HealthStream Inc.	13,600	$361K	0.0%	$25.29	—	COM	42222n103
—	Truxton Corp.	12,390	$346K	0.0%	$19.01	—	COM	89845y107
BAC	BankAmerica Corp.	24,924	$331K	0.0%	$11.07	+2.4%	COM	060505104
—	KKR & Company LP	26,825	$331K	0.0%	$22.46	—	COM	48248M102
NSRGY	Nestle SA Sponsored Reg	4,228	$326K	0.0%	$75.04	—	COM	641069406
CBRL	Cracker Barrel Old Country Sto	1,826	$313K	0.0%	$102.26	0.0%	COM	22410J106
PSX	Phillips 66	3,818	$303K	0.0%	$54.20	+4.6%	COM	718546104
—	E. I. Dupont de Nemours & Co.	4,551	$295K	0.0%	$53.98	—	COM	263534109
VO	Vanguard Mid-Cap Exchange Trad	2,355	$291K	0.0%	$96.88	—	COM	922908629
—	CA Inc	8,445	$277K	0.0%	$32.80	—	COM	12673p105
IWR	iShares Russell Mid-Cap Index	1,645	$277K	0.0%	$132.49	—	COM	464287499
ILMN	Illumina, Inc.	1,945	$273K	0.0%	$142.06	0.0%	COM	452327109
—	ConocoPhillips	5,848	$255K	0.0%	$60.81	—	COM	20825c104
—	Hewlett Packard Enterprise Co.	13,635	$249K	0.0%	$15.22	—	COM	42824c109
SYK	Stryker	2,050	$246K	0.0%	$88.14	+13.8%	COM	863667101
EFA	iShares MSCI EAFE Index Fund	4,400	$246K	0.0%	$63.83	—	COM	464287465
CL	Colgate Palmolive Co.	3,331	$244K	0.0%	$44.86	+26.8%	COM	194162103
BA	Boeing Co.	1,842	$239K	0.0%	$109.27	+8.5%	COM	097023105
IJH	iShares MidCap 400	1,518	$227K	0.0%	$139.00	—	COM	464287507
MS	Morgan Stanley	8,663	$225K	0.0%	$19.90	0.0%	COM	617446448
—	TE Connectivity Ltd	3,888	$222K	0.0%	$57.10	—	COM	H84989104
—	Total System Services	4,145	$220K	0.0%	$49.70	—	COM	891906109
NKE	Nike	3,921	$216K	0.0%	$56.67	-11.2%	COM	654106103
TRC	Tejon Ranch Co.	9,000	$213K	0.0%	$18.40	+16.6%	COM	879080109
SXC	SunCoke Energy	36,500	$212K	0.0%	$9.20	-31.4%	COM	86722A103
—	HP Inc.	13,635	$171K	0.0%	$11.87	—	COM	40434l105
PAAS	Pan American Silver	10,000	$164K	0.0%	$6.83	+109.4%	COM	697900108
—	Tidewater Inc.	34,931	$154K	0.0%	$54.64	—	COM	886423102
—	Monmouth REIT	11,000	$146K	0.0%	$9.69	—	COM	609720107
RIG	Transocean, Ltd	10,032	$119K	0.0%	$10.23	0.0%	COM	H8817H100
—	Mannkind Corp.	14,000	$16,000	0.0%	$1.14	—	COM	56400p201
AERN	AER Energy Resources Inc	5,000,000	$0	0.0%	$0.00	-43.9%	COM	000944207