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
Apple Inc. COM 037833100 249 1,985 SH   SOLE   1,985 0 0
Berkshire Hathaway B COM 084670702 21,414 157,331 SH   SOLE   138,651 0 18,680
CarMax Inc. COM 143130102 3,505 52,937 SH   SOLE   46,867 0 6,070
Chesapeake Energy COM 165167107 3,089 276,579 SH   SOLE   243,260 0 33,319
Chicago Bridge&Iron COM 167250109 7,679 153,465 SH   SOLE   135,965 0 17,500
Costco Wholesale COM 22160K105 324 2,400 SH   SOLE   2,400 0 0
Devon Energy Corp COM 25179M103 3,854 64,785 SH   SOLE   57,175 0 7,610
Discovery Comm. C COM 25470F302 3,785 121,795 SH   SOLE   108,095 0 13,700
Equity Residential COM 29476L107 211 3,000 SH   SOLE   3,000 0 0
Exxon Mobil COM 30231G102 267 3,212 SH   SOLE   2,459 0 753
General Electric COM 369604103 5,138 193,372 SH   SOLE   170,522 0 22,850
General Motors COM 37045V100 5,990 179,705 SH   SOLE   158,805 0 20,900
Int'l Business Machines COM 459200101 7,110 43,712 SH   SOLE   38,757 0 4,955
InterOil Corp COM 460951106 433 7,200 SH   SOLE   7,200 0 0
Liberty Global C COM G5480U120 8,486 167,600 SH   SOLE   148,490 0 19,110
Liberty Media A COM 531229102 1,329 36,865 SH   SOLE   32,145 0 4,720
Liberty Media C COM 531229300 3,195 89,010 SH   SOLE   79,570 0 9,440
Microsoft Corp COM 594918104 4,613 104,480 SH   SOLE   92,530 0 11,950
NOW Inc. COM 67011P100 4,442 223,105 SH   SOLE   198,305 0 24,800
National-Oilwell Varco COM 637071101 4,394 91,010 SH   SOLE   81,150 0 9,860
Oracle Corporation COM 68389X105 6,828 169,420 SH   SOLE   149,570 0 19,850
Praxair Inc. COM 74005P104 5,087 42,555 SH   SOLE   37,570 0 4,985
Precision Castparts COM 740189105 6,853 34,285 SH   SOLE   30,480 0 3,805
Shaw Comm Cl B COM 82028K200 218 10,000 SH   SOLE   10,000 0 0
USG Corporation COM 903293405 7,858 282,766 SH   SOLE   248,865 0 33,901
United Parcel Serv. B COM 911312106 3,711 38,290 SH   SOLE   33,790 0 4,500
WPX Energy, Inc COM 98212B103 3,309 269,440 SH   SOLE   238,790 0 30,650
Wells Fargo & Co COM 949746101 8,156 145,014 SH   SOLE   128,014 0 17,000
Williams Companies COM 969457100 7,944 138,415 SH   SOLE   121,125 0 17,290