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
ALTRIA GROUP COM 02209S103 5,702 115,738 SH   SOLE   0 0 115,738
AMERICAN INTERNATIONAL GROUP COM NEW 26874784 1,598 28,530 SH   SOLE   0 0 28,530
ANHEUSER BUSCH CO INC SPONSORED ADR 03524A108 2,693 23,980 SH   SOLE   0 0 23,980
ANTHEM INC COM 36752103 2,887 22,974 SH   SOLE   0 0 22,974
AON PLC SHS CL A G0408V102 2,339 24,670 SH   SOLE   0 0 24,670
APPLE INC COM 37833100 8,067 73,085 SH   SOLE   0 0 73,085
BANK OF AMERICA COM 60505104 2,938 164,221 SH   SOLE   0 0 164,221
BERKSHIRE HATHAWAY INC DEL CL B 84670702 9,621 64,076 SH   SOLE   0 0 64,076
BERKSHIRE HATHAWAY INC DEL CL A 84670108 5,198 23 SH   SOLE   0 0 23
CVS CAREMARK CORPORATION COM 126650100 2,735 28,396 SH   SOLE   0 0 28,396
CALIFORNIA RESOURCES CORPORATION COM 13057Q107 111 20,084 SH   SOLE   0 0 20,084
CATERPILLAR INC DEL COM 149123101 769 8,400 SH   SOLE   0 0 8,400
CHESAPEAKE ENERGY CORP COM 165167107 7,899 403,615 SH   SOLE   0 0 403,615
CHINA MOBILE LIMITED SPONSORED ADR 16941M109 1,842 31,316 SH   SOLE   0 0 31,316
CISCO SYS INC COM 17275R102 3,599 129,402 SH   SOLE   0 0 129,402
CITIGROUP INC COM NEW 172967424 3,012 55,669 SH   SOLE   0 0 55,669
COMCAST CORP CLASS A CL A 20030N101 4,749 81,866 SH   SOLE   0 0 81,866
DANAHER CORP DEL COM 235851102 575 6,709 SH   SOLE   0 0 6,709
DIAMOND OFFSHORE DRILLING COM 25271C102 359 9,770 SH   SOLE   0 0 9,770
EMC CORPORATION MASS COM 268648102 763 25,655 SH   SOLE   0 0 25,655
ENBRIDGE ENERGY MANAGEMENT LLC SHS UNITS LLI 29250X103 1,241 32,002 SH   SOLE   0 0 32,002
ENBRIDGE ENERGY PARTNERS L P COM 29250R106 1,397 35,004 SH   SOLE   0 0 35,004
ENSCO PLC SHS CLASS A G3157S106 3,436 114,739 SH   SOLE   0 0 114,739
EXXON MOBIL CORP COM 30231G102 382 4,128 SH   SOLE   0 0 4,128
EZ CORP INC CL A NON VTG 302301106 1,412 120,185 SH   SOLE   0 0 120,185
FLY LEASING LTD SPONSORED ADR 34407D109 641 48,767 SH   SOLE   0 0 48,767
GOLDMAN SACHS GROUP INC COM 38141G104 3,433 17,710 SH   SOLE   0 0 17,710
GOOGLE INC CL A 38259P508 1,712 3,226 SH   SOLE   0 0 3,226
GOOGLE INC CL C 38259P706 1,463 2,780 SH   SOLE   0 0 2,780
HILLENBRAND INC COM 431571108 429 12,431 SH   SOLE   0 0 12,431
HILL ROM HLDGS INC COM 431475102 776 17,000 SH   SOLE   0 0 17,000
ICONIX BRAND GROUP INC COM 451055107 1,311 38,800 SH   SOLE   0 0 38,800
INTERDIGITAL INC COM 45867G101 1,338 25,297 SH   SOLE   0 0 25,297
INTERNATIONAL BUSINESS MACHS COM 459200101 330 2,055 SH   SOLE   0 0 2,055
IRIDIUM COMMUNICATIONS INC. COM 46269C102 1,374 140,905 SH   SOLE   0 0 140,905
ISHARES DOW JONES US TECHNOLOGY US TECH ETF 464287721 369 3,538 SH   SOLE   0 0 3,538
KINDER MORGAN INC DEL COM 49456B101 2,819 66,632 SH   SOLE   0 0 66,632
LANDS END INC NEW COM 51509F105 690 12,778 SH   SOLE   0 0 12,778
LINNCO LLC COMSHS LTD INT 535782106 165 15,945 SH   SOLE   0 0 15,945
LINN ENERGY LLC UNIT LTD LIAB 536020100 124 12,212 SH   SOLE   0 0 12,212
MARVELL TECHNOLOGY GROUP LTD ORD G5876H105 772 53,245 SH   SOLE   0 0 53,245
MERCK & CO INC COM 58933Y105 201 3,531 SH   SOLE   0 0 3,531
MICROSOFT CORP COM 594918104 7,086 152,561 SH   SOLE   0 0 152,561
NEW ORIENTAL ED & TECH GRP SPON ADR 647581107 933 45,720 SH   SOLE   0 0 45,720
NOBLE CORP PLC SHS USD G65431901 294 17,725 SH   SOLE   0 0 17,725
OAKTREE CAPITAL GROUP LLC UNIT CL A 674001201 1,652 31,870 SH   SOLE   0 0 31,870
OCCIDENTAL PETE CORP DEL COM 674599105 4,054 50,286 SH   SOLE   0 0 50,286
OREXIGEN THERAPEUTICS INC COM 686164104 91 15,025 SH   SOLE   0 0 15,025
PFIZER INC COM 717081103 3,187 102,317 SH   SOLE   0 0 102,317
PHILIP MORRIS INTL INC COM 718172109 4,160 51,075 SH   SOLE   0 0 51,075
PLUM CREEK TIMBER CO INC COM 729251108 1,987 46,444 SH   SOLE   0 0 46,444
POTLATCH HOLDINGS, INC. COM 737630103 253 6,050 SH   SOLE   0 0 6,050
POWERSHARES EMER MK 50 ADR 09348R300 434 12,216 SH   SOLE   0 0 12,216
PROCTER & GAMBLE CO COM 742718109 322 3,530 SH   SOLE   0 0 3,530
QUALCOMM INC COM 747525103 3,049 41,026 SH   SOLE   0 0 41,026
RAYONIER INC COM 754907103 287 10,272 SH   SOLE   0 0 10,272
RYANAIR HLDGS PLC SPONSORED ADR 783513104 2,703 37,932 SH   SOLE   0 0 37,932
SEARS CANADA INC COM 81234D109 109 11,358 SH   SOLE   0 0 11,358
SEARS HLDGS CORP COM 812350106 1,060 32,140 SH   SOLE   0 0 32,140
SEVENTY SEVEN ENERGY COM 818097107 3,059 565,471 SH   SOLE   0 0 565,471
SOHU COM INC COM 83408W103 688 12,940 SH   SOLE   0 0 12,940
SPDR GOLD TRUST GOLD SHS 78463V107 2,503 22,036 SH   SOLE   0 0 22,036
TAIWAN SEMICONDUCTOR SPONSORED ADR 874039100 795 35,519 SH   SOLE   0 0 35,519
THE ADT CORPORATION COM 00101J106 2,610 72,038 SH   SOLE   0 0 72,038
TIVO INC COM 888706108 687 57,995 SH   SOLE   0 0 57,995
TRANSOCEAN LTD REG SHS H8817H100 221 12,060 SH   SOLE   0 0 12,060
UNITEDHEALTH GROUP INC COM 91324P102 2,000 19,782 SH   SOLE   0 0 19,782
VERIZON COMMUNICATIONS COM 92343V104 2,122 45,361 SH   SOLE   0 0 45,361
VODAFONE GROUP PLC NEW SPNSR ADR NO PAR 92857W308 1,457 42,651 SH   SOLE   0 0 42,651
WAL MART STORES INC COM 931142103 3,831 44,604 SH   SOLE   0 0 44,604
WEYERHAEUSER CO COM 962166104 222 6,180 SH   SOLE   0 0 6,180