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 Corp. COM 00206R102 7,980 225,669 SH   SOLE   201,369 0 24,300
Air Products COM 009158106 7,991 62,130 SH   SOLE   55,310 0 6,820
Annaly Capital Mgmt. COM 035710409 115 10,100 SH   SOLE   8,000 0 2,100
Arrow Electronics Inc. COM 042735100 211 3,500 SH   SOLE   3,500 0 0
Berkshire Hathaway B COM 084670702 20,278 160,224 SH   SOLE   141,094 0 19,130
CarMax Inc. COM 143130102 4,049 77,847 SH   SOLE   69,052 0 8,795
Chesapeake Energy COM 165167107 6,541 210,470 SH   SOLE   187,345 0 23,125
Costco Wholesale COM 22160K105 276 2,400 SH   SOLE   2,400 0 0
Deere & Co COM 244199105 6,399 70,665 SH   SOLE   63,375 0 7,290
Devon Energy Corp COM 25179M103 7,185 90,493 SH   SOLE   79,808 0 10,685
DirecTV COM 25490A309 8,308 97,735 SH   SOLE   87,115 0 10,620
Dover Corporation COM 260137104 227 2,500 SH   SOLE   2,500 0 0
Exxon Mobil COM 30231G102 321 3,188 SH   SOLE   2,435 0 753
General Electric COM 369604103 6,195 235,729 SH   SOLE   208,079 0 27,650
Hewlett Packard COM 428236103 5,460 162,115 SH   SOLE   142,905 0 19,210
Int'l Business Machines COM 459200101 6,666 36,772 SH   SOLE   33,032 0 3,740
Liberty Global Ser C COM G5480U120 5,763 136,205 SH   SOLE   122,255 0 13,950
Liberty Media Ser A COM 531229102 6,198 45,345 SH   SOLE   40,625 0 4,720
Microsoft Corp COM 594918104 6,617 158,670 SH   SOLE   140,120 0 18,550
NOW Inc. COM 67011P100 840 23,191 SH   SOLE   20,833 0 2,358
National-Oilwell Varco COM 637071101 7,644 92,820 SH   SOLE   83,380 0 9,440
Newfield Exploration COM 651290108 309 7,000 SH   SOLE   7,000 0 0
Oracle Corporation COM 68389X105 7,309 180,325 SH   SOLE   159,175 0 21,150
Shaw Comm Cl B COM 82028K200 257 10,000 SH   SOLE   10,000 0 0
USG Corporation COM 903293405 9,096 301,876 SH   SOLE   267,005 0 34,871
WPX Energy, Inc COM 98212B103 3,639 152,183 SH   SOLE   134,533 0 17,650
Wells Fargo & Co COM 949746101 8,136 154,804 SH   SOLE   136,154 0 18,650
Williams Companies COM 969457100 7,922 136,089 SH   SOLE   119,469 0 16,620