Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BRK/B	Berkshire Hathaway Cl B	158,726	$21.93M	13.2%	$110.02	+21.1%	CL B NEW	084670702
F	Ford Motor Company	491,625	$7.271M	4.4%	$7.61	+23.2%	COM	345370860
INTC	Intel Corp	181,840	$6.332M	3.8%	$17.16	+50.0%	COM	458140100
LUV	Southwest Airlines Co	181,550	$6.131M	3.7%	$11.86	+126.8%	COM	844741108
MSFT	Microsoft Corp	124,611	$5.777M	3.5%	$26.77	+40.7%	COM	594918104
RWT	Redwood Trust, Inc	336,900	$5.586M	3.4%	$17.06	—	COM	758075402
IBM	Intl Business Machines Corp.	28,905	$5.487M	3.3%	$115.69	-1.2%	COM	459200101
DGS	WT Emerging Small Cap Div Fund	114,667	$5.3M	3.2%	$46.54	—	EMG MKTS SMCAP	97717W281
—	Marathon Oil Corporation	129,038	$4.851M	2.9%	$34.80	—	COM	565849106
MPC	Marathon Pete Corp	56,495	$4.783M	2.9%	$26.93	+11.6%	COM	56585A102
PFE	Pfizer Incorporated	158,921	$4.699M	2.8%	$16.67	+4.6%	COM	717081103
—	Gannett Co.	158,315	$4.697M	2.8%	$24.46	—	COM	364730101
—	Apache Corp	48,069	$4.512M	2.7%	$83.54	—	COM	037411105
SNY	Sanofi Aventis Adr	77,615	$4.38M	2.6%	$53.57	—	ADR	80105N105
SCHF	Schw Intl Eq Etf	136,493	$4.234M	2.6%	$28.55	—	INTL EQTY ETF	808524805
MS	Morgan Stanley	119,576	$4.134M	2.5%	$20.05	+22.8%	COM	617446448
CVX	Chevron Corporation	34,471	$4.113M	2.5%	$70.51	+11.3%	COM	166764100
QCOM	Qualcomm Inc	53,102	$3.97M	2.4%	$46.68	+18.7%	COM	747525103
—	Harris Corporation	58,735	$3.9M	2.4%	$49.48	—	COM	413875105
—	Ishares Msci Singapore	285,390	$3.807M	2.3%	$13.08	—	MSCI SINGAPORE	464286673
ELD	WT Emerging Mkt Local Debt	84,940	$3.788M	2.3%	$46.99	—	EM LCL DEBT FD	97717X867
—	General Electric Company	138,143	$3.539M	2.1%	$23.90	—	COM	369604103
TELFY	Telefonica Spon ADR	227,654	$3.499M	2.1%	$12.86	—	SPONS ADR	879382208
KSS	Kohls Corp	57,095	$3.485M	2.1%	$56.59	0.0%	COM	500255104
—	Partnerre Ltd	30,493	$3.351M	2.0%	$90.56	—	COM	G6852T105
TBT	Proshs Ultrashort Lehman	50,405	$2.839M	1.7%	$70.98	—	PSHS ULTSH 20YRS	74347B201
—	U S G Corporation New	102,170	$2.809M	1.7%	$25.61	—	COM	903293405
—	Chicos Fas Inc	187,250	$2.766M	1.7%	$16.85	—	COM	168615102
JNJ	Johnson & Johnson	24,104	$2.569M	1.6%	$59.81	+26.4%	COM	478160104
AAPL	Apple Computer Inc	24,808	$2.499M	1.5%	$17.86	+21.1%	COM	037833100
VWO	Vanguard Emerging Market	55,254	$2.305M	1.4%	$38.88	—	FTSE EMR MKT ETF	922042858
—	WT S. Korea Hedged	102,420	$2.229M	1.3%	$23.11	—	KOREA HEDG EQT	97717W372
ADP	Auto Data Processing	26,083	$2.167M	1.3%	$45.09	+24.8%	COM	053015103
JPM	J P Morgan Chase & Co.	27,497	$1.656M	1.0%	$36.24	+19.0%	COM	46625H100
UNM	Unumprovident Corp	45,600	$1.568M	0.9%	$27.85	+26.2%	COM	91529Y106
T	A T & T Inc. New	37,570	$1.324M	0.8%	$11.40	+4.4%	COM	00206R102
XOM	Exxon Mobil Corporation	10,374	$976K	0.6%	$53.83	+14.2%	COM	30231G102
VTI	Vanguard Total Stock Mkt	9,393	$951K	0.6%	$91.91	—	TOTAL STK MKT	922908769
AIVL	WT Dividend ex-Financials	12,802	$940K	0.6%	$70.17	—	DIV EX-FINL FD	97717W406
UNH	Unitedhealth Group Inc	9,820	$847K	0.5%	$50.75	+38.6%	COM	91324P102
DTE	D T E Energy Company	9,085	$691K	0.4%	$38.01	+16.2%	COM	233331107
—	Lab Cp Of Amer Hldg New	5,850	$595K	0.4%	$99.21	—	COM	50540R409
PM	Philip Morris Intl Inc	5,666	$473K	0.3%	$49.85	-3.9%	COM	718172109
BHP	BHP Billiton Ltd ADR	6,165	$363K	0.2%	$57.53	—	ADR	088606108
OMC	Omnicom Group Inc	4,700	$324K	0.2%	$40.69	+20.0%	COM	681919106
BND	Vanguard Bond Index Fund	3,940	$323K	0.2%	$80.05	—	TOTAL BND MRKT	921937835
WFC	Wells Fargo & Co New	5,113	$265K	0.2%	$27.36	+36.7%	COM	949746101
MO	Altria Group, Inc.	5,466	$251K	0.2%	$17.15	+20.6%	COM	02209S103
—	Dow Chemical Company	4,343	$228K	0.1%	$48.58	—	COM	260543103
—	Quantum Cp Dlt & Storag	96,400	$112K	0.1%	$1.37	—	COM DSSG	747906204