The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AT&T COM 00206r102 399 11,317 SH   SOLE   11,317 0 0
Abbott Labs COM 002824100 14,749 354,628 SH   SOLE   354,628 0 0
Accenture COM g1151c101 2,806 34,500 SH   SOLE   34,500 0 0
Aflac COM 001055102 36,611 628,508 SH   SOLE   628,508 0 0
Amgen COM 031162100 281 2,000 SH   SOLE   2,000 0 0
Apple COM 037833100 2,194 21,773 SH   SOLE   21,773 0 0
Bank of America COM 060505104 218 12,791 SH   SOLE   12,791 0 0
Bed Bath & Beyond COM 075896100 301 4,570 SH   SOLE   4,570 0 0
Berkshire Hathaway A COM 084670108 10,966 53 SH   SOLE   53 0 0
Berkshire Hathaway COM 084670702 279,882 2,026,072 SH   SOLE   2,026,072 0 0
Berkshire Hathaway COM 084670702 15,002 108,600 SH Call SOLE   108,600 0 0
Berkshire Hathaway COM 084670702 24,299 175,900 SH Call SOLE   175,900 0 0
Berkshire Hathaway COM 084670702 78,146 565,700 SH Call SOLE   565,700 0 0
Berkshire Hathaway COM 084670702 1,174 8,500 SH Call SOLE   8,500 0 0
Berkshire Hathaway COM 084670702 31,482 227,900 SH Call SOLE   227,900 0 0
Berkshire Hathaway COM 084670702 9,960 72,100 SH Call SOLE   72,100 0 0
Berkshire Hathaway COM 084670702 17,240 124,800 SH Call SOLE   124,800 0 0
Berkshire Hathaway COM 084670702 691 5,000 SH Call SOLE   5,000 0 0
Berkshire Hathaway COM 084670702 2,265 16,400 SH Call SOLE   16,400 0 0
Berkshire Hathaway COM 084670702 207 1,500 SH Call SOLE   1,500 0 0
Berkshire Hathaway COM 084670702 7,197 52,100 SH Call SOLE   52,100 0 0
Berkshire Hathaway COM 084670702 4,034 29,200 SH Call SOLE   29,200 0 0
Broadcom Cl A Class A COM 111320107 335 8,300 SH   SOLE   8,300 0 0
C S X COM 126408103 267 8,331 SH   SOLE   8,331 0 0
CF Industries COM 125269100 223 800 SH   SOLE   800 0 0
Capital One Fin'l COM 14040h105 465 5,700 SH   SOLE   5,700 0 0
Cisco Systems COM 17275r102 425 16,904 SH   SOLE   16,904 0 0
Citigroup COM 172967424 207 4,000 SH   SOLE   4,000 0 0
Coca-Cola COM 191216100 548 12,853 SH   SOLE   12,853 0 0
Conocophillips COM 20825c104 497 6,500 SH   SOLE   6,500 0 0
Corning COM 219350105 513 26,540 SH   SOLE   26,540 0 0
DirecTV COM 25490a309 31,874 368,401 SH   SOLE   368,401 0 0
Duke Power & Light COM 26441c204 209 2,799 SH   SOLE   2,799 0 0
E M C Mass COM 268648102 607 20,760 SH   SOLE   20,760 0 0
Ensco COM g3157s106 601 14,540 SH   SOLE   14,540 0 0
Express Scripts COM 30219g108 484 6,850 SH   SOLE   6,850 0 0
Exxon Mobil COM 30231g102 215 2,281 SH   SOLE   2,281 0 0
F5 Networks COM 315616102 303 2,550 SH   SOLE   2,550 0 0
Fastenal COM 311900104 308 6,850 SH   SOLE   6,850 0 0
Fiserv COM 337738108 24,422 377,844 SH   SOLE   377,844 0 0
Ford Motor COM 345370860 194 13,100 SH   SOLE   13,100 0 0
General Electric COM 369604103 217 8,455 SH   SOLE   8,455 0 0
Google COM 38259p706 214 371 SH   SOLE   371 0 0
Google Class A COM 38259p508 218 371 SH   SOLE   371 0 0
Halliburton COM 406216101 436 6,751 SH   SOLE   6,751 0 0
IBM COM 459200101 68,185 359,189 SH   SOLE   359,189 0 0
IBM COM 459200101 14,370 75,700 SH Call SOLE   75,700 0 0
IBM COM 459200101 4,746 25,000 SH Call SOLE   25,000 0 0
IBM COM 459200101 3,037 16,000 SH Call SOLE   16,000 0 0
Ingredion COM 457187102 19,549 257,941 SH   SOLE   257,941 0 0
Johnson & Johnson COM 478160104 6,775 63,558 SH   SOLE   63,558 0 0
Lab Corp of America COM 50540r409 19,242 189,106 SH   SOLE   189,106 0 0
Markel COM 570535104 13,643 21,446 SH   SOLE   21,446 0 0
McDonald's COM 580135101 20,759 218,951 SH   SOLE   218,951 0 0
Medtronic COM 585055106 10,230 165,133 SH   SOLE   165,133 0 0
Microsoft COM 594918104 675 14,562 SH   SOLE   14,562 0 0
Monsanto COM 61166w101 214 1,900 SH   SOLE   1,900 0 0
National Oilwell Varco COM 637071101 324 4,260 SH   SOLE   4,260 0 0
Occidental Petroleum COM 674599105 342 3,557 SH   SOLE   3,557 0 0
Oracle Systems COM 68389x105 26,295 686,902 SH   SOLE   686,902 0 0
Pepsico COM 713448108 231 2,485 SH   SOLE   2,485 0 0
Philip Morris Intl COM 718172109 200 2,400 SH   SOLE   2,400 0 0
Posco COM 693483109 237 3,125 SH   SOLE   3,125 0 0
Procter & Gamble COM 742718109 310 3,702 SH   SOLE   3,702 0 0
Proshares Short S&P 500 COM 74347r503 410 17,800 SH   SOLE   17,800 0 0
Qualcomm COM 747525103 37,362 499,692 SH   SOLE   499,692 0 0
Qualcomm COM 747525103 2,243 30,000 SH Call SOLE   30,000 0 0
Qualcomm COM 747525103 2,056 27,500 SH Call SOLE   27,500 0 0
Rock Tenn COM 772739207 495 10,400 SH   SOLE   10,400 0 0
Smith Micro Software COM 832154108 152 170,300 SH   SOLE   170,300 0 0
Suncor COM 867224107 16,467 455,520 SH   SOLE   455,520 0 0
Sunedison COM 86732y109 233 12,345 SH   SOLE   12,345 0 0
Synaptics COM 87157d109 395 5,400 SH   SOLE   5,400 0 0
Syntex COM 87164u102 18 10,000 SH   SOLE   10,000 0 0
Travelers Companies COM 89417e109 280 2,983 SH   SOLE   2,983 0 0
US Bancorp COM 902973304 8,363 199,934 SH   SOLE   199,934 0 0
UnitedHealth COM 91324p102 500 5,800 SH   SOLE   5,800 0 0
Verizon COM 92343v104 43,681 873,785 SH   SOLE   873,785 0 0
Wal-Mart COM 931142103 55,238 722,343 SH   SOLE   722,343 0 0
Wells Fargo COM 949746101 80,856 1,558,816 SH   SOLE   1,558,816 0 0
Wells Fargo COM 949746101 3,506 67,600 SH Call SOLE   67,600 0 0
Wells Fargo COM 949746101 3,159 60,900 SH Call SOLE   60,900 0 0