Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BRK/B	Berkshire Hathaway Cl B	161,243	$20.41M	12.3%	$110.02	+15.0%	CL B NEW	084670702
F	Ford Motor Company	493,735	$8.512M	5.1%	$7.61	+16.5%	COM	345370860
RWT	Redwood Trust, Inc	333,300	$6.489M	3.9%	$17.07	—	COM	758075402
INTC	Intel Corp	184,990	$5.716M	3.4%	$17.16	+20.6%	COM	458140100
DGS	WT Emerging Small Cap Div Fund	113,977	$5.469M	3.3%	$46.54	—	EMG MKTS SMCAP	97717W281
LUV	Southwest Airlines Co	197,393	$5.302M	3.2%	$11.86	+86.7%	COM	844741108
MSFT	Microsoft Corp	126,711	$5.284M	3.2%	$26.77	+26.9%	COM	594918104
IBM	Intl Business Machines Corp.	28,415	$5.151M	3.1%	$115.71	-3.0%	COM	459200101
—	Marathon Oil Corporation	128,578	$5.133M	3.1%	$34.80	—	COM	565849106
—	Gannett Co.	161,335	$5.051M	3.0%	$24.46	—	COM	364730101
—	Apache Corp	48,169	$4.847M	2.9%	$83.54	—	COM	037411105
PFE	Pfizer Incorporated	157,321	$4.669M	2.8%	$16.66	+5.3%	COM	717081103
SCHF	Schw Intl Eq Etf	136,083	$4.488M	2.7%	$28.55	—	INTL EQTY ETF	808524805
CVX	Chevron Corporation	34,311	$4.479M	2.7%	$70.51	+7.7%	COM	166764100
MPC	Marathon Pete Corp	57,245	$4.469M	2.7%	$26.93	+15.7%	COM	56585A102
—	Harris Corporation	57,895	$4.386M	2.6%	$49.24	—	COM	413875105
QCOM	Qualcomm Inc	53,182	$4.212M	2.5%	$46.68	+22.7%	COM	747525103
TELFY	Telefonica Spon ADR	226,484	$3.886M	2.3%	$12.86	—	SPONS ADR	879382208
—	Ishares Msci Singapore	285,130	$3.855M	2.3%	$13.08	—	MSCI SINGAPORE	464286673
MS	Morgan Stanley	118,476	$3.83M	2.3%	$20.05	+13.3%	COM	617446448
ELD	WT Emerging Mkt Local Debt	78,900	$3.751M	2.3%	$47.18	—	EM LCL DEBT FD	97717X867
—	General Electric Company	136,603	$3.59M	2.2%	$23.88	—	COM	369604103
—	Partnerre Ltd	30,493	$3.33M	2.0%	$90.56	—	COM	G6852T105
—	Chicos Fas Inc	180,380	$3.059M	1.8%	$16.92	—	COM	168615102
—	U S G Corporation New	100,690	$3.034M	1.8%	$25.59	—	COM	903293405
TBT	Proshs Ultrashort Lehman	47,280	$2.871M	1.7%	$71.95	—	PSHS ULTSH 20YRS	74347B201
JNJ	Johnson & Johnson	24,154	$2.527M	1.5%	$59.81	+22.3%	COM	478160104
SNY	Sanofi Aventis Adr	45,017	$2.394M	1.4%	$51.49	—	ADR	80105N105
VWO	Vanguard Emerging Market	55,254	$2.383M	1.4%	$38.88	—	FTSE EMR MKT ETF	922042858
AAPL	Apple Computer Inc	24,808	$2.305M	1.4%	$17.86	+4.4%	COM	037833100
MRK	Merck & Co Inc New	39,750	$2.3M	1.4%	$30.02	+26.5%	COM	58933Y105
—	WT S. Korea Hedged	99,620	$2.291M	1.4%	$23.14	—	KOREA HEDG EQT	97717W372
ADP	Auto Data Processing	26,083	$2.068M	1.2%	$45.09	+17.2%	COM	053015103
UNM	Unumprovident Corp	51,500	$1.79M	1.1%	$27.85	+22.6%	COM	91529Y106
JPM	J P Morgan Chase & Co.	28,497	$1.642M	1.0%	$36.24	+13.7%	COM	46625H100
—	Yahoo Inc	44,650	$1.569M	0.9%	$35.14	—	COM	984332106
T	A T & T Inc. New	38,336	$1.356M	0.8%	$11.40	+3.3%	COM	00206R102
XOM	Exxon Mobil Corporation	10,404	$1.047M	0.6%	$53.83	+14.9%	COM	30231G102
VTI	Vanguard Total Stock Mkt	9,663	$983K	0.6%	$91.91	—	TOTAL STK MKT	922908769
AIVL	WT Dividend ex-Financials	12,882	$952K	0.6%	$70.17	—	DIV EX-FINL FD	97717W406
UNH	Unitedhealth Group Inc	9,900	$809K	0.5%	$50.75	+28.5%	COM	91324P102
DTE	D T E Energy Company	9,085	$707K	0.4%	$38.01	+15.4%	COM	233331107
—	Lab Cp Of Amer Hldg New	5,850	$599K	0.4%	$99.21	—	COM	50540R409
PM	Philip Morris Intl Inc	5,666	$478K	0.3%	$49.85	-3.2%	COM	718172109
BHP	BHP Billiton Ltd ADR	6,165	$422K	0.3%	$57.53	—	ADR	088606108
WFC	Wells Fargo & Co New	6,613	$348K	0.2%	$27.36	+32.7%	COM	949746101
OMC	Omnicom Group Inc	4,700	$335K	0.2%	$40.69	+16.4%	COM	681919106
BND	Vanguard Bond Index Fund	3,980	$327K	0.2%	$80.05	—	TOTAL BND MRKT	921937835
MO	Altria Group, Inc.	5,466	$229K	0.1%	$17.15	+11.9%	COM	02209S103
—	Dow Chemical Company	4,343	$223K	0.1%	$48.58	—	COM	260543103
—	Johnson Controls Inc	4,040	$202K	0.1%	$50.00	—	COM	478366107
—	Quantum Cp Dlt & Storag	112,400	$137K	0.1%	$1.37	—	COM DSSG	747906204