Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
FRFHF	Fairfax Financial Hld	165,332	$96.91M	11.8%	$316.93	+47.1%	COM	303901102
BRK/B	Berkshire Hathaway 'B'	594,623	$85.91M	10.5%	$110.02	+32.9%	COM	084670702
HCA	HCA Holdings, Inc.	445,121	$33.66M	4.1%	$38.03	+87.2%	COM	40412C101
—	Level 3 Commun	569,011	$26.39M	3.2%	$21.39	—	COM	52729N308
—	Accenture Ltd	184,788	$22.58M	2.8%	$72.13	—	COM	g1151c101
BLX	Banco LatinoAmericano	708,278	$19.96M	2.4%	$11.35	+38.7%	COM	P16994132
AAPL	Apple Computer	156,195	$17.66M	2.2%	$18.38	+31.9%	COM	037833100
L	Loews Corp.	408,362	$16.8M	2.0%	$42.04	-6.4%	COM	540424108
—	National Health Invstrs	206,214	$16.18M	2.0%	$59.86	—	COM	63633d104
XOM	Exxon Mobil Corp.	170,405	$14.87M	1.8%	$53.62	+9.2%	COM	30231G102
MDLZ	Mondelez Int'l Inc	330,150	$14.49M	1.8%	$24.65	+42.8%	COM	609207105
—	TEGNA, Inc.	635,027	$13.88M	1.7%	$31.72	—	COM	87901j105
—	Peoples United Fncl	854,082	$13.51M	1.6%	$14.90	—	COM	712704105
JNJ	Johnson & Johnson	113,726	$13.43M	1.6%	$60.11	+55.7%	COM	478160104
PG	Procter & Gamble Co.	142,197	$12.76M	1.6%	$55.03	+22.7%	COM	742718109
—	Corrections Corp Amer	898,612	$12.46M	1.5%	$33.34	—	COM	22025y407
—	General Electric Co.	351,879	$10.42M	1.3%	$24.13	—	COM	369604103
INTC	Intel Corp.	275,750	$10.41M	1.3%	$17.21	+66.3%	COM	458140100
T	AT&T, Inc.	251,013	$10.19M	1.2%	$11.66	+39.7%	COM	00206R102
DIS	Walt Disney Co.	109,484	$10.17M	1.2%	$58.90	+50.9%	COM	254687106
SLB	Schlumberger Ltd.	127,750	$10.05M	1.2%	$53.73	+12.9%	COM	806857108
FDX	FedEx Corp.	54,517	$9.523M	1.2%	$95.78	+47.1%	COM	31428X106
BKD	Brookdale Sr Living Inc	531,362	$9.272M	1.1%	$23.88	-27.8%	COM	112463104
—	United Technologies	90,494	$9.194M	1.1%	$94.30	—	COM	913017109
AMZN	Amazon.com	10,273	$8.602M	1.0%	$18.34	+108.6%	COM	023135106
SYY	Sysco Corp.	171,008	$8.381M	1.0%	$24.47	+64.4%	COM	871829107
—	Boardwalk Pipeline Prtnrs LP	473,717	$8.129M	1.0%	$13.47	—	COM	096627104
HD	Home Depot Inc.	62,636	$8.06M	1.0%	$56.27	+89.0%	COM	437076102
BBBY	Overstock	520,008	$7.967M	1.0%	$19.40	-18.1%	COM	690370101
—	Owens Illinois Inc New	421,597	$7.753M	0.9%	$20.07	—	COM	690768403
—	Verizon Comm.	145,391	$7.557M	0.9%	$48.53	—	COM	92343v104
PM	Philip Morris Intl	77,100	$7.496M	0.9%	$49.43	+26.0%	COM	718172109
HAL	Halliburton Inc.	158,184	$7.099M	0.9%	$33.40	+8.9%	COM	406216101
MSFT	Microsoft Corp.	119,321	$6.873M	0.8%	$29.27	+71.8%	COM	594918104
LOW	Lowes Companies	94,762	$6.843M	0.8%	$32.27	+102.7%	COM	548661107
RSG	Republic Services Inc.	123,222	$6.217M	0.8%	$26.38	+66.3%	COM	760759100
WMT	Wal-Mart Stores Inc.	83,908	$6.051M	0.7%	$20.06	+2.7%	COM	931142103
—	Merck & Company Inc.	95,420	$5.955M	0.7%	$46.77	—	COM	58933y105
PFE	Pfizer Inc.	172,512	$5.843M	0.7%	$17.64	+26.2%	COM	717081103
UPS	United Parcel Svc. Cl B	53,371	$5.837M	0.7%	$55.64	+38.8%	COM	911312106
IBM	International Business Machine	35,257	$5.601M	0.7%	$116.79	-12.9%	COM	459200101
CAT	Caterpillar Inc.	59,152	$5.251M	0.6%	$62.40	+5.8%	COM	149123101
AMGN	Amgen Inc.	30,691	$5.12M	0.6%	$93.13	+37.1%	COM	031162100
KHC	Kraft Heinz Company	56,621	$5.068M	0.6%	$47.58	+22.0%	COM	500754106
CSCO	Cisco Systems Inc.	158,537	$5.029M	0.6%	$15.24	+51.4%	COM	17275R102
MDT	Medtronic PLC	57,232	$4.945M	0.6%	$58.41	+17.8%	COM	G5960L103
—	HCP Inc	127,971	$4.856M	0.6%	$44.08	—	COM	40414L109
—	Apache Corp.	73,352	$4.685M	0.6%	$81.19	—	COM	037411105
—	Leucadia Natl Corp	245,051	$4.666M	0.6%	$21.80	—	COM	527288104
—	Duke Energy Corp.	57,414	$4.595M	0.6%	$68.24	—	COM	26441c204
—	Alphabet Inc. Class C	5,892	$4.58M	0.6%	$614.48	—	COM	02079k107
CVS	CVS Caremark Corp.	46,760	$4.161M	0.5%	$71.52	-0.9%	COM	126650100
WTM	White Mountain Ins	4,874	$4.045M	0.5%	$583.58	+41.2%	COM	G9618E107
WFC	Wells Fargo & Co.	85,252	$3.775M	0.5%	$31.34	+17.5%	COM	949746101
—	Altria Group, Inc.	55,856	$3.532M	0.4%	$35.77	—	COM	02209s103
—	Gannett Co. Inc.	293,528	$3.417M	0.4%	$13.99	—	COM	36473h104
LUV	Southwest Airlines Co.	84,555	$3.288M	0.4%	$35.66	-4.7%	COM	844741108
KO	Coca Cola Co.	75,688	$3.203M	0.4%	$27.88	+16.8%	COM	191216100
—	Comcast Corp. - Class A	48,246	$3.201M	0.4%	$56.27	—	COM	20030n101
MCD	McDonalds Corp.	26,805	$3.092M	0.4%	$73.72	+28.2%	COM	580135101
—	Zoetis, Inc.	58,765	$3.056M	0.4%	$36.71	—	COM	98978v103
DEO	Diageo PLC	25,352	$2.942M	0.4%	$112.00	—	COM	25243Q205
RHHBY	Roche Holdings	93,644	$2.9M	0.4%	$46.79	—	COM	771195104
IJR	iShares S&P SmallCap 600 Index	22,930	$2.847M	0.3%	$91.02	—	COM	464287804
—	Twenty-First Cent Fox Inc. Cl	113,005	$2.796M	0.3%	$33.24	—	COM	90130A200
DAL	Delta Airlines Inc.	70,047	$2.757M	0.3%	$38.96	-13.3%	COM	247361702
GIS	General Mills Inc.	43,125	$2.755M	0.3%	$35.03	+42.8%	COM	370334104
PEP	PepsiCo Inc.	23,460	$2.552M	0.3%	$56.42	+43.7%	COM	713448108
SBUX	Starbucks Corp.	44,775	$2.424M	0.3%	$40.04	+14.5%	COM	855244109
BMY	Bristol Myers Squibb	44,618	$2.406M	0.3%	$29.65	+55.6%	COM	110122108
—	Oracle	61,256	$2.406M	0.3%	$31.53	—	COM	68389x105
SPY	S & P 500 Index Depository Rec	11,059	$2.392M	0.3%	$205.80	—	COM	78462F103
ABT	Abbott Laboratories	55,907	$2.364M	0.3%	$32.66	+10.6%	COM	002824100
—	Twenty-First Cent Fox Inc. Cl	96,673	$2.341M	0.3%	$31.18	—	COM	90130a101
HON	Honeywell Intl.	20,063	$2.339M	0.3%	$70.83	+21.5%	COM	438516106
—	3M Company	12,595	$2.22M	0.3%	$110.74	—	COM	88579y101
XLU	SPDR Utilities Select	44,935	$2.201M	0.3%	$40.56	—	COM	81369Y886
VWO	Vanguard Emerging Markets ETF	51,213	$1.927M	0.2%	$38.31	—	COM	922042858
CVX	Chevron Corp.	18,530	$1.907M	0.2%	$71.05	-3.6%	COM	166764100
—	Dominion Resources, Inc.	25,425	$1.888M	0.2%	$60.24	—	COM	25746u109
—	Scripps Networks Interactive,	29,625	$1.881M	0.2%	$66.78	—	COM	811065101
FXI	iShares FTSE China 25 Index Fu	48,850	$1.857M	0.2%	$33.43	—	COM	464287184
—	SunTrust Banks Inc.	42,004	$1.84M	0.2%	$35.25	—	COM	867914103
URI	United Rentals, Inc.	22,025	$1.729M	0.2%	$72.84	+1.9%	COM	911363109
XRAY	Dentsply Sirona Inc.	28,694	$1.705M	0.2%	$58.93	+4.3%	COM	24906P109
BP	BP PLC	47,575	$1.673M	0.2%	$37.80	—	COM	055622104
—	Computer Sciences Corp.	30,535	$1.594M	0.2%	$51.94	—	COM	205363104
MKC	McCormick	15,440	$1.543M	0.2%	$28.18	+50.4%	COM	579780206
GLD	SPDR Gold Trust	12,232	$1.537M	0.2%	$124.21	—	COM	78463V107
—	Pinnacle Financial Partners	28,360	$1.534M	0.2%	$45.72	—	COM	72346q104
BRK/A	Berkshire Hathaway 'A'	7	$1.514M	0.2%	$177346.64	+23.7%	COM	084670108
VMC	Vulcan Materials	13,175	$1.498M	0.2%	$47.19	+130.3%	COM	929160109
CPB	Campbell Soup Co.	26,300	$1.439M	0.2%	$30.86	+45.0%	COM	134429109
—	Select Basic Materials Sector	28,841	$1.377M	0.2%	$38.35	—	COM	81369y100
AAL	American Airlines Grp	37,332	$1.367M	0.2%	$39.34	-13.5%	COM	02376R102
—	Cable One Inc	2,249	$1.313M	0.2%	$419.33	—	COM	12685j105
—	Express Scripts, Inc.	18,586	$1.311M	0.2%	$61.85	—	COM	30219g108
—	Regions Financial Corp.	119,335	$1.178M	0.1%	$9.63	—	COM	7591ep100
EPP	iShares MSCI Pacific Rim	27,248	$1.152M	0.1%	$43.25	—	COM	464286665
AIG	American Int'l Group	19,338	$1.148M	0.1%	$37.46	+20.3%	COM	026874784
GHC	Graham Holdings Co	2,349	$1.131M	0.1%	$339.79	+34.4%	COM	384637104
—	Forestar Group	94,500	$1.107M	0.1%	$16.99	—	COM	346233109
—	J. P. Morgan Chase & Co. Inc.	15,035	$1.001M	0.1%	$54.86	—	COM	46625h100
—	Goldman Sachs Group	5,593	$902K	0.1%	$167.20	—	COM	38141g104
—	AbbVie, Inc.	14,181	$894K	0.1%	$50.09	—	COM	00287y109
OC	Owens Corning	16,255	$868K	0.1%	$40.99	+31.1%	COM	690742101
—	CSRA, Inc.	31,840	$857K	0.1%	$30.01	—	COM	12650t104
—	Royal Dutch Shell Cl B	15,723	$831K	0.1%	$66.91	—	COM	780259107
—	Zimmer Biomet Holdings, Inc.	6,256	$813K	0.1%	$94.94	—	COM	98956p102
TJX	TJX Companies, Inc.	10,638	$796K	0.1%	$21.20	+61.7%	COM	872540109
EEM	iShares MSCI Emerging Markets	21,227	$795K	0.1%	$39.07	—	COM	464287234
—	Novartis AG	9,650	$762K	0.1%	$73.87	—	COM	66987v109
—	Travelers Inc.	6,550	$750K	0.1%	$79.89	—	COM	89417e109
—	Vodafone Group PLC ADS	25,107	$732K	0.1%	$36.81	—	COM	92857w308
WU	Western Union	30,705	$639K	0.1%	$17.17	—	COM	959802109
—	Celgene Corp.	5,484	$573K	0.1%	$118.69	—	COM	151020104
USB	US Bancorp	13,200	$566K	0.1%	$22.51	+33.1%	COM	902973304
—	Alphabet Inc. Class A	689	$554K	0.1%	$648.69	—	COM	02079k305
ALL	AllState Corp.	7,774	$538K	0.1%	$44.40	+25.9%	COM	020002101
IWB	iShares Russell 1000 Index ETF	4,445	$535K	0.1%	$94.72	—	COM	464287622
AXP	American Express Co.	8,341	$534K	0.1%	$61.34	-8.2%	COM	025816109
NHC	National Healthcare	7,848	$518K	0.1%	$46.69	+39.0%	COM	635906100
—	Pico Holdings	42,500	$501K	0.1%	$16.10	—	COM	693366205
—	L-3 Communications	3,300	$497K	0.1%	$85.63	—	COM	502424104
VV	Vanguard Large-Cap Exchanged T	5,005	$496K	0.1%	$76.72	—	COM	922908637
—	St. Jude Medical Inc.	5,925	$473K	0.1%	$63.06	—	COM	790849103
ADP	Automatic Data Processing	5,267	$465K	0.1%	$46.35	+59.9%	COM	053015103
VB	Vanguard Small-Cap VIPERs	3,759	$459K	0.1%	$95.75	—	COM	922908751
BAC	BankAmerica Corp.	28,640	$448K	0.1%	$11.20	+7.8%	COM	060505104
—	Mead Johnson Nutrition	5,300	$419K	0.1%	$79.17	—	COM	582839106
DRI	Darden Restaurants, Inc.	6,440	$395K	0.0%	$35.03	+36.1%	COM	237194105
DVY	iShares DJ Select Dividend Ind	4,565	$391K	0.0%	$81.81	—	COM	464287168
—	Brookfield Pptys Part	17,000	$390K	0.0%	$20.02	—	COM	G16249107
IVV	iShares S&P 500 Core Index ETF	1,788	$389K	0.0%	$180.75	—	COM	464287200
—	HealthStream Inc.	13,600	$375K	0.0%	$25.29	—	COM	42222n103
—	KKR & Company LP	25,325	$361K	0.0%	$22.46	—	COM	48248M102
—	NextEra Energy, Inc.	2,803	$343K	0.0%	$117.64	—	COM	65339f101
NSRGY	Nestle SA Sponsored Reg	4,228	$334K	0.0%	$75.04	—	COM	641069406
PSX	Phillips 66	3,943	$318K	0.0%	$54.21	+0.4%	COM	718546104
—	E. I. Dupont de Nemours & Co.	4,551	$305K	0.0%	$53.98	—	COM	263534109
VO	Vanguard Mid-Cap Exchange Trad	2,330	$302K	0.0%	$96.88	—	COM	922908629
—	Truxton Corp.	10,640	$298K	0.0%	$19.01	—	COM	89845y107
SXC	SunCoke Energy	36,500	$293K	0.0%	$9.20	-23.8%	COM	86722A103
TRC	Tejon Ranch Co.	12,000	$292K	0.0%	$19.80	+21.2%	COM	879080109
IWR	iShares Russell Mid-Cap Index	1,598	$279K	0.0%	$132.49	—	COM	464287499
—	CA Inc	8,445	$279K	0.0%	$32.80	—	COM	12673p105
MS	Morgan Stanley	8,663	$278K	0.0%	$19.90	+14.8%	COM	617446448
—	Hewlett Packard Enterprise Co.	11,995	$273K	0.0%	$15.22	—	COM	42824c109
CL	Colgate Palmolive Co.	3,536	$262K	0.0%	$45.70	+29.9%	COM	194162103
—	ConocoPhillips	5,998	$261K	0.0%	$60.38	—	COM	20825c104
EFA	iShares MSCI EAFE Index Fund	4,400	$260K	0.0%	$63.83	—	COM	464287465
—	TE Connectivity Ltd	3,888	$250K	0.0%	$57.10	—	COM	H84989104
BA	Boeing Co.	1,842	$243K	0.0%	$109.27	+10.5%	COM	097023105
CBRL	Cracker Barrel Old Country Sto	1,826	$241K	0.0%	$102.26	+0.9%	COM	22410J106
SYK	Stryker	2,050	$239K	0.0%	$88.14	+19.0%	COM	863667101
IJH	iShares MidCap 400	1,518	$235K	0.0%	$139.00	—	COM	464287507
NSC	Norfolk Southern Corp.	2,284	$222K	0.0%	$75.16	0.0%	COM	655844108
—	HP Inc.	13,635	$212K	0.0%	$11.87	—	COM	40434l105
NKE	Nike	3,921	$206K	0.0%	$56.67	-11.8%	COM	654106103
PAAS	Pan American Silver	10,000	$176K	0.0%	$6.83	+173.6%	COM	697900108
—	Monmouth REIT	11,000	$157K	0.0%	$9.69	—	COM	609720107
RIG	Transocean, Ltd	10,032	$107K	0.0%	$10.23	+3.3%	COM	H8817H100
—	Mannkind Corp.	14,000	$9,000	0.0%	$1.14	—	COM	56400p201
AERN	AER Energy Resources Inc	5,000,000	$0	0.0%	$0.00	-36.0%	COM	000944207