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

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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 Corp. COM 00206R102 7,866 223,200 SH   SOLE   198,900 0 24,300
Air Products COM 009158106 5,736 44,065 SH   SOLE   39,340 0 4,725
Annaly Capital Mgmt. COM 035710409 108 10,100 SH   SOLE   8,000 0 2,100
Berkshire Hathaway B COM 084670702 23,149 167,579 SH   SOLE   148,299 0 19,280
CarMax Inc. COM 143130102 3,811 82,047 SH   SOLE   73,152 0 8,895
Chesapeake Energy COM 165167107 5,107 222,139 SH   SOLE   198,770 0 23,369
Costco Wholesale COM 22160K105 301 2,400 SH   SOLE   2,400 0 0
Deere & Co COM 244199105 7,626 93,015 SH   SOLE   83,275 0 9,740
Devon Energy Corp COM 25179M103 6,130 89,913 SH   SOLE   79,228 0 10,685
DirecTV COM 25490A309 8,382 96,885 SH   SOLE   86,265 0 10,620
Dover Corporation COM 260137104 201 2,500 SH   SOLE   2,500 0 0
Exxon Mobil COM 30231G102 300 3,193 SH   SOLE   2,440 0 753
General Electric COM 369604103 6,480 252,929 SH   SOLE   224,979 0 27,950
Hewlett Packard COM 428236103 5,784 163,065 SH   SOLE   143,855 0 19,210
Int'l Business Machines COM 459200101 6,969 36,712 SH   SOLE   32,972 0 3,740
Liberty Global Ser C COM G5480U120 7,596 185,190 SH   SOLE   165,890 0 19,300
Liberty Media Ser A COM 531229102 2,099 44,495 SH   SOLE   39,775 0 4,720
Liberty Media Ser C COM 531229300 4,240 90,240 SH   SOLE   80,800 0 9,440
Microsoft Corp COM 594918104 5,072 109,400 SH   SOLE   97,650 0 11,750
NOW Inc. COM 67011P100 4,545 149,452 SH   SOLE   133,687 0 15,765
National-Oilwell Varco COM 637071101 6,995 91,925 SH   SOLE   82,485 0 9,440
Newfield Exploration COM 651290108 222 6,000 SH   SOLE   6,000 0 0
Oracle Corporation COM 68389X105 7,146 186,675 SH   SOLE   165,525 0 21,150
Shaw Comm Cl B COM 82028K200 245 10,000 SH   SOLE   10,000 0 0
USG Corporation COM 903293405 8,357 304,006 SH   SOLE   269,135 0 34,871
WPX Energy, Inc COM 98212B103 3,649 151,683 SH   SOLE   134,033 0 17,650
Wells Fargo & Co COM 949746101 7,914 152,579 SH   SOLE   133,929 0 18,650
Williams Companies COM 969457100 7,420 134,049 SH   SOLE   117,429 0 16,620