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
Estimated average burden
hours per response: 23.8
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 395 12,100 SH   SOLE   12,100 0 0
Abbott Labs COM 002824100 4,484 96,775 SH   SOLE   96,775 0 0
Accenture COM g1151c101 20,968 223,800 SH   SOLE   223,800 0 0
Aflac COM 001055102 46,513 726,648 SH   SOLE   726,648 0 0
American Express COM 025816109 35,787 458,100 SH   SOLE   458,100 0 0
Amgen COM 031162100 256 1,600 SH   SOLE   1,600 0 0
Apple COM 037833100 2,483 19,954 SH   SOLE   19,954 0 0
Bank of America COM 060505104 189 12,294 SH   SOLE   12,294 0 0
Bed Bath & Beyond COM 075896100 243 3,170 SH   SOLE   3,170 0 0
Berkshire Hathaway 'A' COM 084670108 11,527 53 SH   SOLE   53 0 0
Berkshire Hathaway 'B' COM 084670702 289,939 2,008,998 SH   SOLE   2,008,998 0 0
Berkshire Hathaway 'B' COM 084670702 12,224 84,700 SH Call SOLE   84,700 0 0
Berkshire Hathaway 'B' COM 084670702 24,664 170,900 SH Call SOLE   170,900 0 0
Berkshire Hathaway 'B' COM 084670702 95,006 658,300 SH Call SOLE   658,300 0 0
Berkshire Hathaway 'B' COM 084670702 1,227 8,500 SH Call SOLE   8,500 0 0
Berkshire Hathaway 'B' COM 084670702 73,517 509,400 SH Call SOLE   509,400 0 0
Berkshire Hathaway 'B' COM 084670702 30,581 211,900 SH Call SOLE   211,900 0 0
Berkshire Hathaway 'B' COM 084670702 3,709 25,700 SH Call SOLE   25,700 0 0
Berkshire Hathaway 'B' COM 084670702 2,886 20,000 SH Call SOLE   20,000 0 0
Berkshire Hathaway 'B' COM 084670702 866 6,000 SH Call SOLE   6,000 0 0
Berkshire Hathaway 'B' COM 084670702 7,101 49,200 SH Call SOLE   49,200 0 0
Boeing Co COM 097023105 285 1,897 SH   SOLE   1,897 0 0
C S X COM 126408103 309 9,331 SH   SOLE   9,331 0 0
Capital One Fin'l COM 14040h105 402 5,100 SH   SOLE   5,100 0 0
Chevron COM 166764100 555 5,285 SH   SOLE   5,285 0 0
Citigroup COM 172967424 211 4,100 SH   SOLE   4,100 0 0
Coca-Cola COM 191216100 224 5,526 SH   SOLE   5,526 0 0
Conocophillips COM 20825c104 470 7,548 SH   SOLE   7,548 0 0
Corning COM 219350105 490 21,590 SH   SOLE   21,590 0 0
DirecTV COM 25490a309 28,776 338,143 SH   SOLE   338,143 0 0
Duke Power & Light COM 26441c204 215 2,799 SH   SOLE   2,799 0 0
Emerson Electric COM 291011104 15,854 280,006 SH   SOLE   280,006 0 0
Ensco COM g3157s106 661 31,390 SH   SOLE   31,390 0 0
Express Scripts COM 30219g108 594 6,850 SH   SOLE   6,850 0 0
Fastenal COM 311900104 280 6,750 SH   SOLE   6,750 0 0
General Electric COM 369604103 209 8,443 SH   SOLE   8,443 0 0
Google COM 38259p706 203 371 SH   SOLE   371 0 0
Google Class A COM 38259p508 206 371 SH   SOLE   371 0 0
Halliburton COM 406216101 542 12,351 SH   SOLE   12,351 0 0
IBM COM 459200101 64,729 403,296 SH   SOLE   403,296 0 0
IBM COM 459200101 2,247 14,000 SH Call SOLE   14,000 0 0
Ingredion COM 457187102 24,203 311,013 SH   SOLE   311,013 0 0
Johnson & Johnson COM 478160104 5,323 52,914 SH   SOLE   52,914 0 0
Leucadia National COM 527288104 7,490 336,044 SH   SOLE   336,044 0 0
Markel COM 570535104 21,818 28,374 SH   SOLE   28,374 0 0
McDonald's COM 580135101 21,137 216,927 SH   SOLE   216,927 0 0
Microsoft COM 594918104 1,012 24,903 SH   SOLE   24,903 0 0
National Oilwell Varco COM 637071101 213 4,260 SH   SOLE   4,260 0 0
Occidental Petroleum COM 674599105 260 3,557 SH   SOLE   3,557 0 0
Oracle Systems COM 68389x105 33,617 779,062 SH   SOLE   779,062 0 0
Pepsico COM 713448108 235 2,458 SH   SOLE   2,458 0 0
Philip Morris Intl COM 718172109 257 3,412 SH   SOLE   3,412 0 0
Precision Castparts COM 740189105 32,932 156,820 SH   SOLE   156,820 0 0
Proshares Short S&P 500 COM 74347r503 290 13,500 SH   SOLE   13,500 0 0
Qualcomm COM 747525103 38,555 556,022 SH   SOLE   556,022 0 0
Rock Tenn COM 772739207 568 8,800 SH   SOLE   8,800 0 0
Smith Micro Software COM 832154108 228 178,000 SH   SOLE   178,000 0 0
Suncor COM 867224107 31,747 1,085,366 SH   SOLE   1,085,366 0 0
Synaptics COM 87157d109 577 7,100 SH   SOLE   7,100 0 0
Travelers Companies COM 89417e109 323 2,983 SH   SOLE   2,983 0 0
Triumph Group COM 896818101 200 3,350 SH   SOLE   3,350 0 0
US Bancorp COM 902973304 8,170 187,093 SH   SOLE   187,093 0 0
UnitedHealth COM 91324p102 639 5,400 SH   SOLE   5,400 0 0
Verizon COM 92343v104 56,633 1,164,566 SH   SOLE   1,164,566 0 0
Wal-Mart COM 931142103 8,770 106,627 SH   SOLE   106,627 0 0
Wells Fargo COM 949746101 97,828 1,798,306 SH   SOLE   1,798,306 0 0
Wells Fargo COM 949746101 131 2,400 SH Call SOLE   2,400 0 0