Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BRK/B	Berkshire Hathaway Cl B	164,559	$20.57M	13.2%	$110.02	+6.2%	CL B NEW	084670702
F	Ford Motor Company	501,615	$7.825M	5.0%	$7.61	+9.9%	COM	345370860
RWT	Redwood Trust, Inc	332,440	$6.742M	4.3%	$17.07	—	COM	758075402
DGS	WT Emerging Small Cap Div Fund	114,027	$5.315M	3.4%	$46.54	—	EMG MKTS SMCAP	97717W281
MSFT	Microsoft Corp	127,491	$5.226M	3.4%	$26.77	+16.8%	COM	594918104
MPC	Marathon Pete Corp	58,845	$5.122M	3.3%	$26.93	+14.1%	COM	56585A102
IBM	Intl Business Machines Corp.	25,582	$4.924M	3.2%	$116.09	-5.9%	COM	459200101
INTC	Intel Corp	187,380	$4.837M	3.1%	$17.16	+8.8%	COM	458140100
LUV	Southwest Airlines Co	199,743	$4.716M	3.0%	$11.86	+61.7%	COM	844741108
—	Marathon Oil Corporation	129,838	$4.612M	3.0%	$34.80	—	COM	565849106
—	Gannett Co.	160,805	$4.438M	2.8%	$24.46	—	COM	364730101
—	Harris Corporation	58,455	$4.277M	2.7%	$49.24	—	COM	413875105
QCOM	Qualcomm Inc	53,622	$4.229M	2.7%	$46.68	+15.7%	COM	747525103
SCHF	Schw Intl Eq Etf	133,698	$4.211M	2.7%	$28.47	—	INTL EQTY ETF	808524805
PFE	Pfizer Incorporated	127,861	$4.107M	2.6%	$16.46	+10.6%	COM	717081103
CVX	Chevron Corporation	34,211	$4.068M	2.6%	$70.51	-0.2%	COM	166764100
—	Apache Corp	48,524	$4.025M	2.6%	$83.54	—	COM	037411105
—	Ishares Msci Singapore	286,670	$3.744M	2.4%	$13.08	—	MSCI SINGAPORE	464286673
ELD	WT Emerging Mkt Local Debt	79,200	$3.633M	2.3%	$47.18	—	EM LCL DEBT FD	97717X867
TELFY	Telefonica Spon ADR	227,874	$3.598M	2.3%	$12.86	—	SPONS ADR	879382208
—	Partnerre Ltd	30,768	$3.184M	2.0%	$90.56	—	COM	G6852T105
TBT	Proshs Ultrashort Lehman	45,822	$3.095M	2.0%	$72.31	—	PSHS ULTSH 20YRS	74347B201
—	Chicos Fas Inc	181,170	$2.904M	1.9%	$16.92	—	COM	168615102
—	General Electric Company	110,783	$2.868M	1.8%	$23.32	—	COM	369604103
ADP	Auto Data Processing	31,388	$2.425M	1.6%	$45.09	+16.3%	COM	053015103
JNJ	Johnson & Johnson	24,454	$2.402M	1.5%	$59.81	+11.4%	COM	478160104
SNY	Sanofi Aventis Adr	44,937	$2.349M	1.5%	$51.49	—	ADR	80105N105
—	WT S. Korea Hedged	100,290	$2.321M	1.5%	$23.14	—	KOREA HEDG EQT	97717W372
MRK	Merck & Co Inc New	40,550	$2.302M	1.5%	$30.02	+19.1%	COM	58933Y105
VWO	Vanguard Emerging Market	56,064	$2.275M	1.5%	$38.88	—	FTSE EMR MKT ETF	922042858
—	U S G Corporation New	64,600	$2.114M	1.4%	$23.05	—	COM	903293405
UNM	Unumprovident Corp	55,400	$1.956M	1.3%	$27.85	+22.6%	COM	91529Y106
AAPL	Apple Computer Inc	3,569	$1.916M	1.2%	$13.16	+26.0%	COM	037833100
MS	Morgan Stanley	60,338	$1.881M	1.2%	$17.48	+29.9%	COM	617446448
JPM	J P Morgan Chase & Co.	29,147	$1.77M	1.1%	$36.24	+16.1%	COM	46625H100
BP	Bp P.L.C.	28,616	$1.376M	0.9%	$41.71	—	ADR	055622104
T	A T & T Inc. New	39,086	$1.371M	0.9%	$11.40	-4.8%	COM	00206R102
XOM	Exxon Mobil Corporation	10,374	$1.013M	0.6%	$53.83	+7.9%	COM	30231G102
VTI	Vanguard Total Stock Mkt	8,838	$861K	0.6%	$90.99	—	TOTAL STK MKT	922908769
UNH	Unitedhealth Group Inc	9,900	$812K	0.5%	$50.75	+22.4%	COM	91324P102
AIVL	WT Dividend ex-Financials	11,481	$807K	0.5%	$69.72	—	DIV EX-FINL FD	97717W406
DTE	D T E Energy Company	9,085	$675K	0.4%	$38.01	+3.8%	COM	233331107
—	Lab Cp Of Amer Hldg New	5,850	$575K	0.4%	$99.21	—	COM	50540R409
PM	Philip Morris Intl Inc	5,666	$464K	0.3%	$49.85	-10.2%	COM	718172109
BHP	BHP Billiton Ltd ADR	6,275	$425K	0.3%	$57.53	—	ADR	088606108
OMC	Omnicom Group Inc	5,200	$378K	0.2%	$40.69	+22.2%	COM	681919106
WFC	Wells Fargo & Co New	6,773	$337K	0.2%	$27.36	+22.1%	COM	949746101
BND	Vanguard Bond Index Fund	4,060	$330K	0.2%	$80.05	—	TOTAL BND MRKT	921937835
—	Dow Chemical Company	4,343	$211K	0.1%	$48.58	—	COM	260543103
MO	Altria Group, Inc.	5,466	$205K	0.1%	$17.15	-0.1%	COM	02209S103
—	Quantum Cp Dlt & Storag	112,400	$137K	0.1%	$1.37	—	COM DSSG	747906204
—	Navidea Biopharma	10,000	$19,000	0.0%	$2.10	—	COM	63937X103