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
1st Source Corporation COM 336901103 240 7,000 SH   SOLE   0 0 7,000
3M Company COM 88579y101 2,076 12,635 SH   SOLE   0 0 12,635
AER Energy Resources Inc COM 000944207 0 5,000,000 SH   SOLE   0 0 5,000,000
AT&T, Inc. COM 00206R102 6,120 182,194 SH   SOLE   0 0 182,194
AbbVie, Inc. COM 00287y109 555 8,481 SH   SOLE   0 0 8,481
Abbott Laboratories COM 002824100 439 9,748 SH   SOLE   0 0 9,748
Accenture Ltd COM g1151c101 18,207 203,864 SH   SOLE   0 0 203,864
AllState Corp. COM 020002101 512 7,286 SH   SOLE   0 0 7,286
Altria Group, Inc. COM 02209s103 3,062 62,145 SH   SOLE   0 0 62,145
Amazon.Com COM 023135106 3,236 10,427 SH   SOLE   0 0 10,427
American Airlines Grp COM 02376R102 215 4,000 SH   SOLE   0 0 4,000
American Express Co. COM 025816109 887 9,536 SH   SOLE   0 0 9,536
American Int'l Group COM 026874784 1,027 18,341 SH   SOLE   0 0 18,341
Amgen Inc. COM 031162100 3,169 19,897 SH   SOLE   0 0 19,897
Apache Corp. COM 037411105 7,387 117,878 SH   SOLE   0 0 117,878
Apple Computer COM 037833100 16,686 151,171 SH   SOLE   0 0 151,171
Approach Resources COM 03834A103 1,074 168,000 SH   SOLE   0 0 168,000
AuRico Gold Inc. COM 05155C105 39 12,000 SH   SOLE   0 0 12,000
Automatic Data Processing COM 053015103 443 5,314 SH   SOLE   0 0 5,314
BP PLC COM 055622104 1,023 26,832 SH   SOLE   0 0 26,832
Banco LatinoAmericano COM P16994132 21,890 727,246 SH   SOLE   0 0 727,246
BankAmerica Corp. COM 060505104 283 15,816 SH   SOLE   0 0 15,816
Berkshire Hathaway 'A' COM 084670108 1,582 7 SH   SOLE   0 0 7
Berkshire Hathaway 'B' COM 084670702 89,193 594,026 SH   SOLE   0 0 594,026
Boardwalk Pipeline Prtnrs LP COM 096627104 7,869 442,800 SH   SOLE   0 0 442,800
Boeing Co. COM 097023105 269 2,069 SH   SOLE   0 0 2,069
Bristol Myers Squibb COM 110122108 2,579 43,685 SH   SOLE   0 0 43,685
Brookdale Sr Living Inc COM 112463104 7,916 215,874 SH   SOLE   0 0 215,874
Brookfield Pptys Part COM G16249107 389 17,000 SH   SOLE   0 0 17,000
CVS Caremark Corp. COM 126650100 310 3,215 SH   SOLE   0 0 3,215
Campbell Soup Co. COM 134429109 3,828 87,000 SH   SOLE   0 0 87,000
Caterpillar Inc. COM 149123101 7,455 81,454 SH   SOLE   0 0 81,454
Celgene Corp. COM 151020104 314 2,808 SH   SOLE   0 0 2,808
Chesapeake Energy COM 165167107 11,969 611,586 SH   SOLE   0 0 611,586
Chevron Corp. COM 166764100 2,221 19,799 SH   SOLE   0 0 19,799
Cisco Systems Inc. COM 17275R102 4,946 177,808 SH   SOLE   0 0 177,808
Citigroup Inc. COM 172967424 222 4,102 SH   SOLE   0 0 4,102
Coca Cola Co. COM 191216100 3,408 80,718 SH   SOLE   0 0 80,718
Colgate Palmolive Co. COM 194162103 230 3,318 SH   SOLE   0 0 3,318
Comcast Corp. - Class A COM 20030n101 243 4,195 SH   SOLE   0 0 4,195
Comcast Corp. Special Class A COM 20030n200 1,386 24,085 SH   SOLE   0 0 24,085
Computer Sciences Corp. COM 205363104 1,228 19,483 SH   SOLE   0 0 19,483
ConocoPhillips COM 20825c104 397 5,748 SH   SOLE   0 0 5,748
Corrections Corp Amer COM 22025y407 31,647 870,857 SH   SOLE   0 0 870,857
Covidien Ltd COM g2554f113 373 3,650 SH   SOLE   0 0 3,650
DIRECTV COM 25490a309 2,310 26,645 SH   SOLE   0 0 26,645
Darden Restaurants, Inc. COM 237194105 293 5,000 SH   SOLE   0 0 5,000
Dentsply Intl Inc COM 249030107 1,932 36,260 SH   SOLE   0 0 36,260
Diageo PLC COM 25243Q205 597 5,230 SH   SOLE   0 0 5,230
Dominion Resources, Inc. COM 25746u109 1,800 23,411 SH   SOLE   0 0 23,411
Duke Energy Corp. COM 26441c204 4,984 59,654 SH   SOLE   0 0 59,654
E. I. Dupont de Nemours & Co. COM 263534109 321 4,338 SH   SOLE   0 0 4,338
Express Scripts, Inc. COM 30219g108 1,618 19,110 SH   SOLE   0 0 19,110
Exxon Mobil Corp. COM 30231G102 15,762 170,493 SH   SOLE   0 0 170,493
Fairfax Financial Hld COM 303901102 86,451 164,982 SH   SOLE   0 0 164,982
FedEx Corp. COM 31428X106 7,673 44,186 SH   SOLE   0 0 44,186
First Horizon Nat'l COM 320517105 142 10,474 SH   SOLE   0 0 10,474
Forestar Group COM 346233109 819 53,168 SH   SOLE   0 0 53,168
Freeport McMoran, Inc. COM 35671D857 741 31,734 SH   SOLE   0 0 31,734
Gannett Co. Inc. COM 364730101 19,821 620,760 SH   SOLE   0 0 620,760
General Electric Co. COM 369604103 8,953 354,293 SH   SOLE   0 0 354,293
General Mills Inc. COM 370334104 1,593 29,865 SH   SOLE   0 0 29,865
Goldman Sachs Group COM 38141g104 612 3,155 SH   SOLE   0 0 3,155
Google Inc. Class A COM 38259P508 544 1,025 SH   SOLE   0 0 1,025
Google Inc. Class C COM 38259P706 2,117 4,021 SH   SOLE   0 0 4,021
Graham Holdings Co COM 384637104 2,029 2,349 SH   SOLE   0 0 2,349
HCA Holdings, Inc. COM 40412C101 39,232 534,562 SH   SOLE   0 0 534,562
HCC Ins Hldgs COM 404132102 7,832 146,340 SH   SOLE   0 0 146,340
HCP Inc COM 40414L109 6,996 158,897 SH   SOLE   0 0 158,897
Halliburton Inc. COM 406216101 6,369 161,941 SH   SOLE   0 0 161,941
HealthStream Inc. COM 42222n103 401 13,600 SH   SOLE   0 0 13,600
Hewlett Packard Co. COM 428236103 565 14,091 SH   SOLE   0 0 14,091
Home Depot Inc. COM 437076102 7,292 69,467 SH   SOLE   0 0 69,467
Honeywell Intl. COM 438516106 915 9,155 SH   SOLE   0 0 9,155
Horsehead Holding COM 440694305 554 35,000 SH   SOLE   0 0 35,000
Intel Corp. COM 458140100 10,520 289,881 SH   SOLE   0 0 289,881
International Business Machine COM 459200101 7,601 47,378 SH   SOLE   0 0 47,378
J. P. Morgan Chase & Co. Inc. COM 46625h100 944 15,086 SH   SOLE   0 0 15,086
Johnson & Johnson COM 478160104 11,947 114,247 SH   SOLE   0 0 114,247
KKR & Company LP COM 48248M102 3,157 136,038 SH   SOLE   0 0 136,038
Kraft Foods Group, Inc. COM 50076q106 1,353 21,591 SH   SOLE   0 0 21,591
L-3 Communications COM 502424104 435 3,450 SH   SOLE   0 0 3,450
Leucadia Natl Corp COM 527288104 2,128 94,925 SH   SOLE   0 0 94,925
Level 3 Commun COM 52729N308 27,809 563,172 SH   SOLE   0 0 563,172
Liberty Global plc Class C COM G5480U120 220 4,546 SH   SOLE   0 0 4,546
LinnCo, LLC COM 535782106 2,528 243,799 SH   SOLE   0 0 243,799
Loews Corp. COM 540424108 17,932 426,740 SH   SOLE   0 0 426,740
Lowes Companies COM 548661107 6,986 101,547 SH   SOLE   0 0 101,547
McCormick COM 579780206 1,161 15,625 SH   SOLE   0 0 15,625
McDonalds Corp. COM 580135101 2,634 28,115 SH   SOLE   0 0 28,115
Mead Johnson Nutrition COM 582839106 536 5,328 SH   SOLE   0 0 5,328
Medtronic Inc. COM 585055106 4,432 61,378 SH   SOLE   0 0 61,378
Merck & Company Inc. COM 58933y105 5,850 103,010 SH   SOLE   0 0 103,010
Microsoft Corp. COM 594918104 4,742 102,096 SH   SOLE   0 0 102,096
Mondelez Int'l Inc COM 609207105 11,085 305,169 SH   SOLE   0 0 305,169
Morgan Stanley COM 617446448 349 9,000 SH   SOLE   0 0 9,000
National Health Invstrs COM 63633d104 15,896 227,214 SH   SOLE   0 0 227,214
National Healthcare COM 635906100 560 8,915 SH   SOLE   0 0 8,915
Newmont Mining Corp COM 651639106 841 44,505 SH   SOLE   0 0 44,505
Novartis AG COM 66987v109 730 7,881 SH   SOLE   0 0 7,881
Oracle COM 68389x105 2,945 65,491 SH   SOLE   0 0 65,491
Overstock COM 690370101 8,647 356,268 SH   SOLE   0 0 356,268
Pall Corp. COM 696429307 15,421 152,368 SH   SOLE   0 0 152,368
Peoples United Fncl COM 712704105 15,773 1,039,032 SH   SOLE   0 0 1,039,032
PepsiCo Inc. COM 713448108 2,383 25,202 SH   SOLE   0 0 25,202
Pfizer Inc. COM 717081103 3,214 103,190 SH   SOLE   0 0 103,190
Philip Morris Intl COM 718172109 6,895 84,651 SH   SOLE   0 0 84,651
Pico Holdings COM 693366205 434 23,000 SH   SOLE   0 0 23,000
Pinnacle Financial Partners COM 72346q104 283 7,155 SH   SOLE   0 0 7,155
Procter & Gamble Co. COM 742718109 12,970 142,383 SH   SOLE   0 0 142,383
Regions Financial Corp. COM 7591ep100 927 87,769 SH   SOLE   0 0 87,769
Renewable Energy COM 75972a301 208 21,410 SH   SOLE   0 0 21,410
Republic Services Inc. COM 760759100 5,435 135,033 SH   SOLE   0 0 135,033
Roche Holdings COM 771195104 3,028 89,092 SH   SOLE   0 0 89,092
Royal Dutch Shell Class B COM 780259107 2,101 30,207 SH   SOLE   0 0 30,207
SPDR Gold Trust COM 78463V107 1,238 10,899 SH   SOLE   0 0 10,899
SPDR Utilities Select COM 81369Y886 2,498 52,894 SH   SOLE   0 0 52,894
Schlumberger Ltd. COM 806857108 10,898 127,599 SH   SOLE   0 0 127,599
Scripps Networks Interactive, COM 811065101 2,311 30,700 SH   SOLE   0 0 30,700
Select Basic Materials Sector COM 81369y100 1,687 34,716 SH   SOLE   0 0 34,716
Seventy Seven Energy COM 818097107 108 19,991 SH   SOLE   0 0 19,991
Sigma Aldrich Corp. COM 826552101 549 4,000 SH   SOLE   0 0 4,000
Starbucks Corp. COM 855244109 979 11,933 SH   SOLE   0 0 11,933
Stryker COM 863667101 217 2,300 SH   SOLE   0 0 2,300
SunTrust Banks Inc. COM 867914103 1,363 32,541 SH   SOLE   0 0 32,541
Syntroleum COM 871630208 10 68,083 SH   SOLE   0 0 68,083
Sysco Corp. COM 871829107 7,151 180,172 SH   SOLE   0 0 180,172
TJX Companies, Inc. COM 872540109 881 12,852 SH   SOLE   0 0 12,852
Tejon Ranch Co. COM 879080109 324 11,000 SH   SOLE   0 0 11,000
Tidewater Inc. COM 886423102 6,040 186,353 SH   SOLE   0 0 186,353
Transocean, Ltd COM H8817H100 366 19,978 SH   SOLE   0 0 19,978
Travelers Inc. COM 89417e109 703 6,639 SH   SOLE   0 0 6,639
Truxton Corp. COM 89845y107 296 14,010 SH   SOLE   0 0 14,010
Twenty-First Cent Fox Inc. Cl COM 90130a101 2,428 63,229 SH   SOLE   0 0 63,229
Twenty-First Cent Fox Inc. Cl COM 90130A200 4,218 114,331 SH   SOLE   0 0 114,331
US Bancorp COM 902973304 607 13,500 SH   SOLE   0 0 13,500
United Parcel Svc. Cl B COM 911312106 6,389 57,474 SH   SOLE   0 0 57,474
United Technologies COM 913017109 10,223 88,896 SH   SOLE   0 0 88,896
Vanguard Emerging Markets ETF COM 922042858 1,741 43,511 SH   SOLE   0 0 43,511
Vanguard Large-Cap Exchanged T COM 922908637 500 5,295 SH   SOLE   0 0 5,295
Vanguard Mid-Cap Exchange Trad COM 922908629 287 2,325 SH   SOLE   0 0 2,325
Vanguard Small-Cap VIPERs COM 922908751 446 3,824 SH   SOLE   0 0 3,824
Verizon Comm. COM 92343v104 7,217 154,275 SH   SOLE   0 0 154,275
Vodafone Group PLC ADS COM 92857w308 1,759 51,483 SH   SOLE   0 0 51,483
Vulcan Materials COM 929160109 848 12,900 SH   SOLE   0 0 12,900
Wal-Mart Stores Inc. COM 931142103 9,623 112,054 SH   SOLE   0 0 112,054
Walt Disney Co. COM 254687106 9,866 104,743 SH   SOLE   0 0 104,743
Wells Fargo & Co. COM 949746101 3,370 61,479 SH   SOLE   0 0 61,479
Western Union COM 959802109 719 40,155 SH   SOLE   0 0 40,155
White Mountain Ins COM G9618E107 3,089 4,902 SH   SOLE   0 0 4,902
Yamana Gold COM 98462Y100 343 85,298 SH   SOLE   0 0 85,298
Zimmer Holdings, Inc. COM 98956P102 638 5,626 SH   SOLE   0 0 5,626
Zoetis, Inc. COM 98978v103 1,788 41,555 SH   SOLE   0 0 41,555
iShares FTSE China 25 Index Fu COM 464287184 2,413 57,975 SH   SOLE   0 0 57,975
iShares MSCI EAFE Index Fund COM 464287465 231 3,796 SH   SOLE   0 0 3,796
iShares MSCI Emerging Markets COM 464287234 1,501 38,193 SH   SOLE   0 0 38,193
iShares MSCI Pacific Rim COM 464286665 1,488 33,846 SH   SOLE   0 0 33,846
iShares Russell 1000 Index ETF COM 464287622 468 4,080 SH   SOLE   0 0 4,080
iShares Russell Mid-Cap Index COM 464287499 268 1,605 SH   SOLE   0 0 1,605
iShares S&P 500 Core Index ETF COM 464287200 633 3,060 SH   SOLE   0 0 3,060
iShares S&P SmallCap 600 Index COM 464287804 3,015 26,430 SH   SOLE   0 0 26,430
Natl Healthcare Cv Prf PFD CV 635906209 444 28,533 SH   SOLE   0 0 28,533