Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BRK/B	Berkshire Hathaway Cl B	165,383	$19.61M	13.4%	$110.02	+5.1%	CL B NEW	084670702
F	Ford Motor Company	496,515	$7.661M	5.2%	$7.61	+18.4%	COM	345370860
RWT	Redwood Trust, Inc	328,740	$6.368M	4.4%	$17.03	—	COM	758075402
MPC	Marathon Pete Corp	61,270	$5.62M	3.8%	$26.93	-0.3%	COM	56585A102
—	Vodafone Group New Adr	125,925	$4.95M	3.4%	$28.74	—	SPONS ADR	92857W209
INTC	Intel Corp	185,470	$4.814M	3.3%	$17.14	+4.6%	COM	458140100
—	Gannett Co.	160,545	$4.749M	3.2%	$24.46	—	COM	364730101
MSFT	Microsoft Corp	125,726	$4.703M	3.2%	$26.70	+12.4%	COM	594918104
PFE	Pfizer Incorporated	151,831	$4.651M	3.2%	$16.46	+7.1%	COM	717081103
IBM	Intl Business Machines Corp.	24,792	$4.65M	3.2%	$116.31	-8.5%	COM	459200101
LUV	Southwest Airlines Co	219,604	$4.137M	2.8%	$11.86	+28.7%	COM	844741108
—	Harris Corporation	58,555	$4.088M	2.8%	$49.24	—	COM	413875105
QCOM	Qualcomm Inc	53,052	$3.939M	2.7%	$46.60	+8.1%	COM	747525103
—	Ishares Msci Singapore	281,390	$3.706M	2.5%	$13.08	—	MSCI SINGAPORE	464286673
ELD	WT Emerging Mkt Local Debt	79,600	$3.663M	2.5%	$47.18	—	EM LCL DEBT FD	97717X867
TELFY	Telefonica Spon ADR	223,774	$3.656M	2.5%	$12.81	—	SPONS ADR	879382208
SCHF	Schw Intl Eq Etf	115,651	$3.646M	2.5%	$28.00	—	INTL EQTY ETF	808524805
—	Marathon Oil Corporation	99,518	$3.513M	2.4%	$34.58	—	COM	565849106
TBT	Proshs Ultrashort Lehman	43,704	$3.461M	2.4%	$72.54	—	PSHS ULTSH 20YRS	74347B201
—	Partnerre Ltd	30,768	$3.244M	2.2%	$90.56	—	COM	G6852T105
—	General Electric Company	105,183	$2.948M	2.0%	$23.18	—	COM	369604103
—	Chicos Fas Inc	154,260	$2.906M	2.0%	$17.08	—	COM	168615102
—	Apache Corp	32,824	$2.821M	1.9%	$83.82	—	COM	037411105
ADP	Auto Data Processing	32,288	$2.609M	1.8%	$45.09	+14.1%	COM	053015103
VWO	Vanguard Emerging Market	61,753	$2.541M	1.7%	$38.88	—	FTSE EMR MKT ETF	922042858
SNY	Sanofi Aventis Adr	44,867	$2.406M	1.6%	$51.49	—	ADR	80105N105
UNM	Unumprovident Corp	66,800	$2.343M	1.6%	$27.85	+17.6%	COM	91529Y106
JNJ	Johnson & Johnson	25,139	$2.302M	1.6%	$59.81	+9.9%	COM	478160104
MRK	Merck & Co Inc New	44,250	$2.215M	1.5%	$30.02	+4.2%	COM	58933Y105
AAPL	Apple Computer Inc	3,534	$1.983M	1.4%	$13.16	+24.4%	COM	037833100
—	U S G Corporation New	69,150	$1.962M	1.3%	$23.05	—	COM	903293405
MS	Morgan Stanley	59,558	$1.868M	1.3%	$17.41	+25.3%	COM	617446448
JPM	J P Morgan Chase & Co.	29,147	$1.705M	1.2%	$36.24	+9.4%	COM	46625H100
T	A T & T Inc. New	42,786	$1.504M	1.0%	$11.40	-2.0%	COM	00206R102
BP	Bp P.L.C.	29,316	$1.425M	1.0%	$41.71	—	ADR	055622104
XOM	Exxon Mobil Corporation	10,374	$1.05M	0.7%	$53.83	+3.9%	COM	30231G102
DGS	WT Emerging Small Cap Div Fund	17,645	$813K	0.6%	$46.14	—	EMG MKTS SMCAP	97717W281
UNH	Unitedhealth Group Inc	9,900	$745K	0.5%	$50.75	+16.4%	COM	91324P102
DTE	D T E Energy Company	9,085	$603K	0.4%	$38.01	0.0%	COM	233331107
—	Lab Cp Of Amer Hldg New	5,810	$531K	0.4%	$99.21	—	COM	50540R409
PM	Philip Morris Intl Inc	5,666	$494K	0.3%	$49.85	-4.0%	COM	718172109
VTI	Vanguard Total Stock Mkt	4,738	$454K	0.3%	$85.43	—	TOTAL STK MKT	922908769
CVX	Chevron Corporation	3,491	$436K	0.3%	$71.85	+0.9%	COM	166764100
EPI	WT India Earnings	24,790	$432K	0.3%	$16.13	—	INDIA ERNGS FD	97717W422
BHP	BHP Billiton Ltd ADR	6,275	$428K	0.3%	$57.53	—	ADR	088606108
OMC	Omnicom Group Inc	5,700	$424K	0.3%	$40.69	+13.5%	COM	681919106
BND	Vanguard Bond Index Fund	4,060	$325K	0.2%	$80.05	—	TOTAL BND MRKT	921937835
WFC	Wells Fargo & Co New	6,773	$307K	0.2%	$27.36	+12.4%	COM	949746101
AIVL	WT Dividend ex-Financials	4,376	$301K	0.2%	$68.78	—	DIV EX-FINL FD	97717W406
MO	Altria Group, Inc.	5,466	$210K	0.1%	$17.15	0.0%	COM	02209S103
—	Johnson Controls Inc	4,040	$207K	0.1%	$51.24	—	COM	478366107
—	Quantum Cp Dlt & Storag	131,900	$158K	0.1%	$1.37	—	COM DSSG	747906204
—	Navidea Biopharma	10,000	$21,000	0.0%	$2.10	—	COM	63937X103