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
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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
Berkshire Hathaway Cl B CL B NEW 084670702 20,565 164,559 SH   SOLE   164,559 0 0
Ford Motor Company COM 345370860 7,825 501,615 SH   SOLE   501,615 0 0
Redwood Trust, Inc COM 758075402 6,742 332,440 SH   SOLE   332,440 0 0
WT Emerging Small Cap Div Fund EMG MKTS SMCAP 97717W281 5,315 114,027 SH   SOLE   114,027 0 0
Microsoft Corp COM 594918104 5,226 127,491 SH   SOLE   127,491 0 0
Marathon Pete Corp COM 56585A102 5,122 58,845 SH   SOLE   58,845 0 0
Intl Business Machines Corp. COM 459200101 4,924 25,582 SH   SOLE   25,582 0 0
Intel Corp COM 458140100 4,837 187,380 SH   SOLE   187,380 0 0
Southwest Airlines Co COM 844741108 4,716 199,743 SH   SOLE   199,743 0 0
Marathon Oil Corporation COM 565849106 4,612 129,838 SH   SOLE   129,838 0 0
Gannett Co. COM 364730101 4,438 160,805 SH   SOLE   160,805 0 0
Harris Corporation COM 413875105 4,277 58,455 SH   SOLE   58,455 0 0
Qualcomm Inc COM 747525103 4,229 53,622 SH   SOLE   53,622 0 0
Schw Intl Eq Etf INTL EQTY ETF 808524805 4,211 133,698 SH   SOLE   133,698 0 0
Pfizer Incorporated COM 717081103 4,107 127,861 SH   SOLE   127,861 0 0
Chevron Corporation COM 166764100 4,068 34,211 SH   SOLE   34,211 0 0
Apache Corp COM 037411105 4,025 48,524 SH   SOLE   48,524 0 0
Ishares Msci Singapore MSCI SINGAPORE 464286673 3,744 286,670 SH   SOLE   286,670 0 0
WT Emerging Mkt Local Debt EM LCL DEBT FD 97717X867 3,633 79,200 SH   SOLE   79,200 0 0
Telefonica Spon ADR SPONS ADR 879382208 3,598 227,874 SH   SOLE   227,874 0 0
Partnerre Ltd COM G6852T105 3,184 30,768 SH   SOLE   30,768 0 0
Proshs Ultrashort Lehman PSHS ULTSH 20YRS 74347B201 3,095 45,822 SH   SOLE   45,822 0 0
Chicos Fas Inc COM 168615102 2,904 181,170 SH   SOLE   181,170 0 0
General Electric Company COM 369604103 2,868 110,783 SH   SOLE   110,783 0 0
Auto Data Processing COM 053015103 2,425 31,388 SH   SOLE   31,388 0 0
Johnson & Johnson COM 478160104 2,402 24,454 SH   SOLE   24,454 0 0
Sanofi Aventis Adr ADR 80105N105 2,349 44,937 SH   SOLE   44,937 0 0
WT S. Korea Hedged KOREA HEDG EQT 97717W372 2,321 100,290 SH   SOLE   100,290 0 0
Merck & Co Inc New COM 58933Y105 2,302 40,550 SH   SOLE   40,550 0 0
Vanguard Emerging Market FTSE EMR MKT ETF 922042858 2,275 56,064 SH   SOLE   56,064 0 0
U S G Corporation New COM 903293405 2,114 64,600 SH   SOLE   64,600 0 0
Unumprovident Corp COM 91529Y106 1,956 55,400 SH   SOLE   55,400 0 0
Apple Computer Inc COM 037833100 1,916 3,569 SH   SOLE   3,569 0 0
Morgan Stanley COM 617446448 1,881 60,338 SH   SOLE   60,338 0 0
J P Morgan Chase & Co. COM 46625H100 1,770 29,147 SH   SOLE   29,147 0 0
Bp P.L.C. ADR 055622104 1,376 28,616 SH   SOLE   28,616 0 0
A T & T Inc. New COM 00206R102 1,371 39,086 SH   SOLE   39,086 0 0
Exxon Mobil Corporation COM 30231G102 1,013 10,374 SH   SOLE   10,374 0 0
Vanguard Total Stock Mkt TOTAL STK MKT 922908769 861 8,838 SH   SOLE   8,838 0 0
Unitedhealth Group Inc COM 91324P102 812 9,900 SH   SOLE   9,900 0 0
WT Dividend ex-Financials DIV EX-FINL FD 97717W406 807 11,481 SH   SOLE   11,481 0 0
D T E Energy Company COM 233331107 675 9,085 SH   SOLE   9,085 0 0
Lab Cp Of Amer Hldg New COM 50540R409 575 5,850 SH   SOLE   5,850 0 0
Philip Morris Intl Inc COM 718172109 464 5,666 SH   SOLE   5,666 0 0
BHP Billiton Ltd ADR ADR 088606108 425 6,275 SH   SOLE   6,275 0 0
Omnicom Group Inc COM 681919106 378 5,200 SH   SOLE   5,200 0 0
Wells Fargo & Co New COM 949746101 337 6,773 SH   SOLE   6,773 0 0
Vanguard Bond Index Fund TOTAL BND MRKT 921937835 330 4,060 SH   SOLE   4,060 0 0
Dow Chemical Company COM 260543103 211 4,343 SH   SOLE   4,343 0 0
Altria Group, Inc. COM 02209S103 205 5,466 SH   SOLE   5,466 0 0
Quantum Cp Dlt & Storag COM DSSG 747906204 137 112,400 SH   SOLE   112,400 0 0
Navidea Biopharma COM 63937X103 19 10,000 SH   SOLE   10,000 0 0