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 7,085 210,912 SH   SOLE   185,800 0 25,112
Annaly Capital Mgmt. COM 035710409 109 10,100 SH   SOLE   8,000 0 2,100
Arrow Electronics Inc. COM 042735100 203 3,500 SH   SOLE   3,500 0 0
Berkshire Hathaway B COM 084670702 24,300 161,836 SH   SOLE   142,406 0 19,430
CarMax Inc. COM 143130102 5,222 78,427 SH   SOLE   69,332 0 9,095
Chesapeake Energy COM 165167107 4,463 228,069 SH   SOLE   203,400 0 24,669
Chicago Bridge&Iron COM 167250109 6,610 157,450 SH   SOLE   139,950 0 17,500
Costco Wholesale COM 22160K105 340 2,400 SH   SOLE   2,400 0 0
Devon Energy Corp COM 25179M103 5,590 91,318 SH   SOLE   80,543 0 10,775
DirecTV COM 25490A309 7,959 91,800 SH   SOLE   81,180 0 10,620
Equity Residential COM 29476L107 216 3,000 SH   SOLE   3,000 0 0
Exxon Mobil COM 30231G102 296 3,199 SH   SOLE   2,446 0 753
General Electric COM 369604103 6,118 242,104 SH   SOLE   213,654 0 28,450
Int'l Business Machines COM 459200101 7,296 45,472 SH   SOLE   40,567 0 4,905
Liberty Broadband A COM 530307107 531 10,600 SH   SOLE   9,420 0 1,180
Liberty Broadband C COM 530307305 1,088 21,835 SH   SOLE   19,375 0 2,460
Liberty Global C COM G5480U120 8,593 177,875 SH   SOLE   158,015 0 19,860
Liberty Media A COM 531229102 1,497 42,455 SH   SOLE   37,735 0 4,720
Liberty Media C COM 531229300 3,032 86,560 SH   SOLE   77,120 0 9,440
Microsoft Corp COM 594918104 4,842 104,240 SH   SOLE   92,490 0 11,750
NOW Inc. COM 67011P100 5,654 219,755 SH   SOLE   194,755 0 25,000
National-Oilwell Varco COM 637071101 5,795 88,430 SH   SOLE   78,810 0 9,620
Oracle Corporation COM 68389X105 8,048 178,960 SH   SOLE   157,810 0 21,150
Praxair Inc. COM 74005P104 5,548 42,820 SH   SOLE   37,935 0 4,885
Shaw Comm Cl B COM 82028K200 270 10,000 SH   SOLE   10,000 0 0
USG Corporation COM 903293405 8,089 289,006 SH   SOLE   254,135 0 34,871
WPX Energy, Inc COM 98212B103 3,790 325,850 SH   SOLE   287,750 0 38,100
Wells Fargo & Co COM 949746101 8,433 153,829 SH   SOLE   135,029 0 18,800
Williams Companies COM 969457100 6,002 133,560 SH   SOLE   116,940 0 16,620