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 209 6,500 SH   SOLE   0 0 6,500
3M Company COM 88579y101 2,079 12,602 SH   SOLE   0 0 12,602
AER Energy Resources Inc COM 000944207 0 5,000,000 SH   SOLE   0 0 5,000,000
AT&T, Inc. COM 00206R102 5,847 179,072 SH   SOLE   0 0 179,072
AbbVie, Inc. COM 00287y109 554 9,456 SH   SOLE   0 0 9,456
Abbott Laboratories COM 002824100 452 9,748 SH   SOLE   0 0 9,748
Accenture Ltd COM g1151c101 18,796 200,624 SH   SOLE   0 0 200,624
AllState Corp. COM 020002101 504 7,086 SH   SOLE   0 0 7,086
Altria Group, Inc. COM 02209s103 3,076 61,496 SH   SOLE   0 0 61,496
Amazon.Com COM 023135106 3,997 10,742 SH   SOLE   0 0 10,742
American Airlines Grp COM 02376R102 787 14,910 SH   SOLE   0 0 14,910
American Express Co. COM 025816109 722 9,236 SH   SOLE   0 0 9,236
American Int'l Group COM 026874784 1,005 18,341 SH   SOLE   0 0 18,341
Amgen Inc. COM 031162100 3,288 20,572 SH   SOLE   0 0 20,572
Apache Corp. COM 037411105 6,900 114,374 SH   SOLE   0 0 114,374
Apple Computer COM 037833100 18,652 149,900 SH   SOLE   0 0 149,900
Approach Resources COM 03834A103 623 94,500 SH   SOLE   0 0 94,500
AuRico Gold Inc. COM 05155C105 61 22,000 SH   SOLE   0 0 22,000
Automatic Data Processing COM 053015103 455 5,314 SH   SOLE   0 0 5,314
BP PLC COM 055622104 1,074 27,457 SH   SOLE   0 0 27,457
Banco LatinoAmericano COM P16994132 23,798 725,756 SH   SOLE   0 0 725,756
BankAmerica Corp. COM 060505104 240 15,615 SH   SOLE   0 0 15,615
Berkshire Hathaway 'A' COM 084670108 1,522 7 SH   SOLE   0 0 7
Berkshire Hathaway 'B' COM 084670702 85,753 594,189 SH   SOLE   0 0 594,189
Boardwalk Pipeline Prtnrs LP COM 096627104 7,195 446,915 SH   SOLE   0 0 446,915
Boeing Co. COM 097023105 311 2,069 SH   SOLE   0 0 2,069
Bristol Myers Squibb COM 110122108 2,811 43,585 SH   SOLE   0 0 43,585
Brookdale Sr Living Inc COM 112463104 8,159 216,074 SH   SOLE   0 0 216,074
Brookfield Pptys Part COM G16249107 412 17,000 SH   SOLE   0 0 17,000
CVS Caremark Corp. COM 126650100 332 3,215 SH   SOLE   0 0 3,215
Campbell Soup Co. COM 134429109 4,050 87,000 SH   SOLE   0 0 87,000
Caterpillar Inc. COM 149123101 6,510 81,347 SH   SOLE   0 0 81,347
Celgene Corp. COM 151020104 326 2,830 SH   SOLE   0 0 2,830
Chesapeake Energy COM 165167107 8,843 624,530 SH   SOLE   0 0 624,530
Chevron Corp. COM 166764100 2,078 19,799 SH   SOLE   0 0 19,799
Cisco Systems Inc. COM 17275R102 4,798 174,318 SH   SOLE   0 0 174,318
Citigroup Inc. COM 172967424 209 4,064 SH   SOLE   0 0 4,064
Coca Cola Co. COM 191216100 3,247 80,068 SH   SOLE   0 0 80,068
Colgate Palmolive Co. COM 194162103 225 3,245 SH   SOLE   0 0 3,245
Comcast Corp. - Class A COM 20030n101 237 4,198 SH   SOLE   0 0 4,198
Comcast Corp. Special Class A COM 20030n200 1,350 24,085 SH   SOLE   0 0 24,085
Computer Sciences Corp. COM 205363104 1,303 19,959 SH   SOLE   0 0 19,959
ConocoPhillips COM 20825c104 358 5,748 SH   SOLE   0 0 5,748
Corrections Corp Amer COM 22025y407 34,944 867,946 SH   SOLE   0 0 867,946
DIRECTV COM 25490a309 2,617 30,755 SH   SOLE   0 0 30,755
Darden Restaurants, Inc. COM 237194105 347 5,000 SH   SOLE   0 0 5,000
Delta Airlines Inc. COM 247361702 387 8,609 SH   SOLE   0 0 8,609
Dentsply Intl Inc COM 249030107 1,797 35,311 SH   SOLE   0 0 35,311
Diageo PLC COM 25243Q205 846 7,655 SH   SOLE   0 0 7,655
Dominion Resources, Inc. COM 25746u109 1,638 23,111 SH   SOLE   0 0 23,111
Duke Energy Corp. COM 26441c204 4,534 59,055 SH   SOLE   0 0 59,055
E. I. Dupont de Nemours & Co. COM 263534109 303 4,238 SH   SOLE   0 0 4,238
Express Scripts, Inc. COM 30219g108 1,658 19,110 SH   SOLE   0 0 19,110
Exxon Mobil Corp. COM 30231G102 14,309 168,336 SH   SOLE   0 0 168,336
Fairfax Financial Hld COM 303901102 92,902 166,310 SH   SOLE   0 0 166,310
FedEx Corp. COM 31428X106 7,284 44,026 SH   SOLE   0 0 44,026
First Horizon Nat'l COM 320517105 150 10,474 SH   SOLE   0 0 10,474
Forestar Group COM 346233109 1,175 74,500 SH   SOLE   0 0 74,500
Freeport McMoran, Inc. COM 35671D857 556 29,357 SH   SOLE   0 0 29,357
Gannett Co. Inc. COM 364730101 22,897 617,494 SH   SOLE   0 0 617,494
General Electric Co. COM 369604103 8,667 349,328 SH   SOLE   0 0 349,328
General Mills Inc. COM 370334104 1,600 28,265 SH   SOLE   0 0 28,265
Goldman Sachs Group COM 38141g104 704 3,745 SH   SOLE   0 0 3,745
Google Inc. Class A COM 38259P508 502 905 SH   SOLE   0 0 905
Google Inc. Class C COM 38259P706 2,801 5,111 SH   SOLE   0 0 5,111
Graham Holdings Co COM 384637104 2,466 2,349 SH   SOLE   0 0 2,349
HCA Holdings, Inc. COM 40412C101 42,354 562,997 SH   SOLE   0 0 562,997
HCC Ins Hldgs COM 404132102 8,289 146,273 SH   SOLE   0 0 146,273
HCP Inc COM 40414L109 7,065 163,507 SH   SOLE   0 0 163,507
Halliburton Inc. COM 406216101 7,084 161,444 SH   SOLE   0 0 161,444
HealthStream Inc. COM 42222n103 343 13,600 SH   SOLE   0 0 13,600
Hewlett Packard Co. COM 428236103 439 14,091 SH   SOLE   0 0 14,091
Home Depot Inc. COM 437076102 7,631 67,167 SH   SOLE   0 0 67,167
Honeywell Intl. COM 438516106 955 9,155 SH   SOLE   0 0 9,155
Horsehead Holding COM 440694305 487 38,500 SH   SOLE   0 0 38,500
Intel Corp. COM 458140100 9,004 287,931 SH   SOLE   0 0 287,931
International Business Machine COM 459200101 6,642 41,385 SH   SOLE   0 0 41,385
J. P. Morgan Chase & Co. Inc. COM 46625h100 918 15,149 SH   SOLE   0 0 15,149
Johnson & Johnson COM 478160104 11,501 114,328 SH   SOLE   0 0 114,328
KKR & Company LP COM 48248M102 3,900 170,988 SH   SOLE   0 0 170,988
Kraft Foods Group, Inc. COM 50076q106 1,875 21,525 SH   SOLE   0 0 21,525
L-3 Communications COM 502424104 428 3,400 SH   SOLE   0 0 3,400
Leucadia Natl Corp COM 527288104 2,157 96,771 SH   SOLE   0 0 96,771
Level 3 Commun COM 52729N308 30,265 562,134 SH   SOLE   0 0 562,134
Liberty Global plc Class C COM G5480U120 224 4,492 SH   SOLE   0 0 4,492
LinnCo, LLC COM 535782106 3,412 356,533 SH   SOLE   0 0 356,533
Loews Corp. COM 540424108 17,294 423,569 SH   SOLE   0 0 423,569
Lowes Companies COM 548661107 7,358 98,917 SH   SOLE   0 0 98,917
McCormick COM 579780206 1,196 15,515 SH   SOLE   0 0 15,515
McDonalds Corp. COM 580135101 2,750 28,225 SH   SOLE   0 0 28,225
Mead Johnson Nutrition COM 582839106 536 5,328 SH   SOLE   0 0 5,328
Medtronic PLC COM G5960L103 4,956 63,544 SH   SOLE   0 0 63,544
Merck & Company Inc. COM 58933y105 5,963 103,735 SH   SOLE   0 0 103,735
Microsoft Corp. COM 594918104 4,324 106,353 SH   SOLE   0 0 106,353
Mondelez Int'l Inc COM 609207105 11,014 305,169 SH   SOLE   0 0 305,169
Morgan Stanley COM 617446448 321 9,000 SH   SOLE   0 0 9,000
National Health Invstrs COM 63633d104 16,063 226,214 SH   SOLE   0 0 226,214
National Healthcare COM 635906100 565 8,865 SH   SOLE   0 0 8,865
Newmont Mining Corp COM 651639106 892 41,068 SH   SOLE   0 0 41,068
Novartis AG COM 66987v109 760 7,706 SH   SOLE   0 0 7,706
Oracle COM 68389x105 2,949 68,336 SH   SOLE   0 0 68,336
Overstock COM 690370101 8,516 351,618 SH   SOLE   0 0 351,618
Pall Corp. COM 696429307 15,296 152,368 SH   SOLE   0 0 152,368
Peoples United Fncl COM 712704105 15,449 1,016,369 SH   SOLE   0 0 1,016,369
PepsiCo Inc. COM 713448108 2,384 24,932 SH   SOLE   0 0 24,932
Pfizer Inc. COM 717081103 3,557 102,252 SH   SOLE   0 0 102,252
Philip Morris Intl COM 718172109 6,476 85,970 SH   SOLE   0 0 85,970
Pico Holdings COM 693366205 454 28,000 SH   SOLE   0 0 28,000
Pinnacle Financial Partners COM 72346q104 331 7,455 SH   SOLE   0 0 7,455
Procter & Gamble Co. COM 742718109 11,709 142,900 SH   SOLE   0 0 142,900
Regions Financial Corp. COM 7591ep100 812 85,959 SH   SOLE   0 0 85,959
Renewable Energy COM 75972a301 198 21,427 SH   SOLE   0 0 21,427
Republic Services Inc. COM 760759100 5,459 134,583 SH   SOLE   0 0 134,583
Roche Holdings COM 771195104 3,341 97,179 SH   SOLE   0 0 97,179
Royal Dutch Shell Class B COM 780259107 1,729 27,578 SH   SOLE   0 0 27,578
SPDR Gold Trust COM 78463V107 1,164 10,242 SH   SOLE   0 0 10,242
SPDR Utilities Select COM 81369Y886 2,180 49,071 SH   SOLE   0 0 49,071
Schlumberger Ltd. COM 806857108 10,505 125,901 SH   SOLE   0 0 125,901
Scripps Networks Interactive, COM 811065101 2,102 30,655 SH   SOLE   0 0 30,655
Select Basic Materials Sector COM 81369y100 1,686 34,566 SH   SOLE   0 0 34,566
Seventy Seven Energy COM 818097107 71 17,010 SH   SOLE   0 0 17,010
Sigma Aldrich Corp. COM 826552101 553 4,000 SH   SOLE   0 0 4,000
Southwest Airlines Co. COM 844741108 459 10,372 SH   SOLE   0 0 10,372
Starbucks Corp. COM 855244109 1,137 12,009 SH   SOLE   0 0 12,009
Stryker COM 863667101 203 2,200 SH   SOLE   0 0 2,200
SunTrust Banks Inc. COM 867914103 1,440 35,036 SH   SOLE   0 0 35,036
Syntroleum COM 871630208 10 68,222 SH   SOLE   0 0 68,222
Sysco Corp. COM 871829107 6,778 179,643 SH   SOLE   0 0 179,643
TJX Companies, Inc. COM 872540109 900 12,853 SH   SOLE   0 0 12,853
Tejon Ranch Co. COM 879080109 291 11,000 SH   SOLE   0 0 11,000
Tidewater Inc. COM 886423102 3,397 177,484 SH   SOLE   0 0 177,484
Transocean, Ltd COM H8817H100 265 18,045 SH   SOLE   0 0 18,045
Travelers Inc. COM 89417e109 714 6,600 SH   SOLE   0 0 6,600
Truxton Corp. COM 89845y107 329 14,010 SH   SOLE   0 0 14,010
Twenty-First Cent Fox Inc. Cl COM 90130a101 2,129 62,904 SH   SOLE   0 0 62,904
Twenty-First Cent Fox Inc. Cl COM 90130A200 4,378 133,156 SH   SOLE   0 0 133,156
US Bancorp COM 902973304 572 13,100 SH   SOLE   0 0 13,100
United Parcel Svc. Cl B COM 911312106 5,380 55,494 SH   SOLE   0 0 55,494
United Technologies COM 913017109 10,413 88,848 SH   SOLE   0 0 88,848
Vanguard Emerging Markets ETF COM 922042858 1,799 44,021 SH   SOLE   0 0 44,021
Vanguard Large-Cap Exchanged T COM 922908637 501 5,260 SH   SOLE   0 0 5,260
Vanguard Mid-Cap Exchange Trad COM 922908629 298 2,245 SH   SOLE   0 0 2,245
Vanguard Small-Cap VIPERs COM 922908751 469 3,826 SH   SOLE   0 0 3,826
Verizon Comm. COM 92343v104 7,971 163,909 SH   SOLE   0 0 163,909
Vodafone Group PLC ADS COM 92857w308 1,316 40,276 SH   SOLE   0 0 40,276
Vulcan Materials COM 929160109 1,111 13,175 SH   SOLE   0 0 13,175
Wal-Mart Stores Inc. COM 931142103 9,409 114,394 SH   SOLE   0 0 114,394
Walt Disney Co. COM 254687106 10,617 101,218 SH   SOLE   0 0 101,218
Wells Fargo & Co. COM 949746101 3,323 61,079 SH   SOLE   0 0 61,079
Western Union COM 959802109 836 40,155 SH   SOLE   0 0 40,155
White Mountain Ins COM G9618E107 3,356 4,902 SH   SOLE   0 0 4,902
Yamana Gold COM 98462Y100 267 74,309 SH   SOLE   0 0 74,309
Zimmer Holdings, Inc. COM 98956P102 649 5,526 SH   SOLE   0 0 5,526
Zoetis, Inc. COM 98978v103 1,917 41,405 SH   SOLE   0 0 41,405
iShares DJ Select Dividend Ind COM 464287168 212 2,720 SH   SOLE   0 0 2,720
iShares FTSE China 25 Index Fu COM 464287184 2,563 57,725 SH   SOLE   0 0 57,725
iShares MSCI EAFE Index Fund COM 464287465 253 3,946 SH   SOLE   0 0 3,946
iShares MSCI Emerging Markets COM 464287234 1,595 39,743 SH   SOLE   0 0 39,743
iShares MSCI Pacific Rim COM 464286665 1,535 33,846 SH   SOLE   0 0 33,846
iShares Russell 1000 Index ETF COM 464287622 487 4,205 SH   SOLE   0 0 4,205
iShares Russell Mid-Cap Index COM 464287499 271 1,565 SH   SOLE   0 0 1,565
iShares S&P 500 Core Index ETF COM 464287200 655 3,150 SH   SOLE   0 0 3,150
iShares S&P SmallCap 600 Index COM 464287804 3,128 26,505 SH   SOLE   0 0 26,505
Natl Healthcare Cv Prf PFD CV 635906209 451 28,483 SH   SOLE   0 0 28,483