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
3M Company COM 88579y101 2,172 12,400 SH   SOLE   0 0 12,400
AER Energy Resources Inc COM 000944207 0 5,000,000 SH   SOLE   0 0 5,000,000
AT&T, Inc. COM 00206R102 10,974 253,979 SH   SOLE   0 0 253,979
AbbVie, Inc. COM 00287y109 884 14,276 SH   SOLE   0 0 14,276
Abbott Laboratories COM 002824100 2,180 55,448 SH   SOLE   0 0 55,448
Accenture Ltd COM g1151c101 21,069 185,973 SH   SOLE   0 0 185,973
AllState Corp. COM 020002101 614 8,774 SH   SOLE   0 0 8,774
Alphabet Inc. Class A COM 02079k305 474 674 SH   SOLE   0 0 674
Alphabet Inc. Class C COM 02079k107 4,123 5,957 SH   SOLE   0 0 5,957
Altria Group, Inc. COM 02209s103 3,910 56,706 SH   SOLE   0 0 56,706
Amazon.com COM 023135106 7,559 10,563 SH   SOLE   0 0 10,563
American Airlines Grp COM 02376R102 1,057 37,331 SH   SOLE   0 0 37,331
American Express Co. COM 025816109 531 8,741 SH   SOLE   0 0 8,741
American Int'l Group COM 026874784 1,023 19,338 SH   SOLE   0 0 19,338
Amgen Inc. COM 031162100 4,243 27,886 SH   SOLE   0 0 27,886
Apache Corp. COM 037411105 4,145 74,452 SH   SOLE   0 0 74,452
Apple Computer COM 037833100 15,152 158,494 SH   SOLE   0 0 158,494
Automatic Data Processing COM 053015103 484 5,267 SH   SOLE   0 0 5,267
BP PLC COM 055622104 1,704 47,975 SH   SOLE   0 0 47,975
Banco LatinoAmericano COM P16994132 18,935 714,527 SH   SOLE   0 0 714,527
BankAmerica Corp. COM 060505104 331 24,924 SH   SOLE   0 0 24,924
Berkshire Hathaway 'A' COM 084670108 1,519 7 SH   SOLE   0 0 7
Berkshire Hathaway 'B' COM 084670702 86,338 596,295 SH   SOLE   0 0 596,295
Boardwalk Pipeline Prtnrs LP COM 096627104 8,310 476,217 SH   SOLE   0 0 476,217
Boeing Co. COM 097023105 239 1,842 SH   SOLE   0 0 1,842
Bristol Myers Squibb COM 110122108 3,238 44,018 SH   SOLE   0 0 44,018
Brookdale Sr Living Inc COM 112463104 8,424 545,599 SH   SOLE   0 0 545,599
Brookfield Pptys Part COM G16249107 382 17,000 SH   SOLE   0 0 17,000
CA Inc COM 12673p105 277 8,445 SH   SOLE   0 0 8,445
CSRA, Inc. COM 12650t104 747 31,889 SH   SOLE   0 0 31,889
CVS Caremark Corp. COM 126650100 3,409 35,607 SH   SOLE   0 0 35,607
Cable One Inc COM 12685j105 1,150 2,249 SH   SOLE   0 0 2,249
Campbell Soup Co. COM 134429109 1,916 28,800 SH   SOLE   0 0 28,800
Caterpillar Inc. COM 149123101 4,579 60,402 SH   SOLE   0 0 60,402
Celgene Corp. COM 151020104 635 6,434 SH   SOLE   0 0 6,434
Chevron Corp. COM 166764100 1,859 17,730 SH   SOLE   0 0 17,730
Cisco Systems Inc. COM 17275R102 4,549 158,571 SH   SOLE   0 0 158,571
Coca Cola Co. COM 191216100 3,603 79,492 SH   SOLE   0 0 79,492
Colgate Palmolive Co. COM 194162103 244 3,331 SH   SOLE   0 0 3,331
Comcast Corp. - Class A COM 20030n101 3,176 48,718 SH   SOLE   0 0 48,718
Computer Sciences Corp. COM 205363104 1,518 30,584 SH   SOLE   0 0 30,584
ConocoPhillips COM 20825c104 255 5,848 SH   SOLE   0 0 5,848
Corrections Corp Amer COM 22025y407 30,813 879,861 SH   SOLE   0 0 879,861
Cracker Barrel Old Country Sto COM 22410J106 313 1,826 SH   SOLE   0 0 1,826
Darden Restaurants, Inc. COM 237194105 408 6,440 SH   SOLE   0 0 6,440
Delta Airlines Inc. COM 247361702 2,519 69,138 SH   SOLE   0 0 69,138
Dentsply Sirona Inc. COM 24906P109 1,780 28,693 SH   SOLE   0 0 28,693
Diageo PLC COM 25243Q205 2,884 25,552 SH   SOLE   0 0 25,552
Dominion Resources, Inc. COM 25746u109 2,040 26,175 SH   SOLE   0 0 26,175
Duke Energy Corp. COM 26441c204 5,050 58,859 SH   SOLE   0 0 58,859
E. I. Dupont de Nemours & Co. COM 263534109 295 4,551 SH   SOLE   0 0 4,551
Express Scripts, Inc. COM 30219g108 1,421 18,748 SH   SOLE   0 0 18,748
Exxon Mobil Corp. COM 30231G102 15,826 168,824 SH   SOLE   0 0 168,824
Fairfax Financial Hld COM 303901102 89,433 165,918 SH   SOLE   0 0 165,918
FedEx Corp. COM 31428X106 8,453 55,693 SH   SOLE   0 0 55,693
Forestar Group COM 346233109 1,124 94,500 SH   SOLE   0 0 94,500
Gannett Co. Inc. COM 36473h104 4,120 298,333 SH   SOLE   0 0 298,333
General Electric Co. COM 369604103 10,780 342,454 SH   SOLE   0 0 342,454
General Mills Inc. COM 370334104 3,151 44,175 SH   SOLE   0 0 44,175
Goldman Sachs Group COM 38141g104 794 5,343 SH   SOLE   0 0 5,343
Graham Holdings Co COM 384637104 1,150 2,349 SH   SOLE   0 0 2,349
HCA Holdings, Inc. COM 40412C101 34,385 446,496 SH   SOLE   0 0 446,496
HCP Inc COM 40414L109 4,561 128,917 SH   SOLE   0 0 128,917
HP Inc. COM 40434l105 171 13,635 SH   SOLE   0 0 13,635
Halliburton Inc. COM 406216101 7,240 159,869 SH   SOLE   0 0 159,869
HealthStream Inc. COM 42222n103 361 13,600 SH   SOLE   0 0 13,600
Hewlett Packard Enterprise Co. COM 42824c109 249 13,635 SH   SOLE   0 0 13,635
Home Depot Inc. COM 437076102 8,160 63,906 SH   SOLE   0 0 63,906
Honeywell Intl. COM 438516106 2,345 20,163 SH   SOLE   0 0 20,163
Illumina, Inc. COM 452327109 273 1,945 SH   SOLE   0 0 1,945
Intel Corp. COM 458140100 9,342 284,825 SH   SOLE   0 0 284,825
International Business Machine COM 459200101 5,410 35,647 SH   SOLE   0 0 35,647
J. P. Morgan Chase & Co. Inc. COM 46625h100 903 14,535 SH   SOLE   0 0 14,535
Johnson & Johnson COM 478160104 14,172 116,835 SH   SOLE   0 0 116,835
KKR & Company LP COM 48248M102 331 26,825 SH   SOLE   0 0 26,825
Kraft Heinz Company COM 500754106 5,114 57,802 SH   SOLE   0 0 57,802
L-3 Communications COM 502424104 484 3,300 SH   SOLE   0 0 3,300
Leucadia Natl Corp COM 527288104 4,264 246,051 SH   SOLE   0 0 246,051
Level 3 Commun COM 52729N308 29,244 567,946 SH   SOLE   0 0 567,946
Loews Corp. COM 540424108 16,857 410,238 SH   SOLE   0 0 410,238
Lowes Companies COM 548661107 7,515 94,924 SH   SOLE   0 0 94,924
Mannkind Corp. COM 56400p201 16 14,000 SH   SOLE   0 0 14,000
McCormick COM 579780206 1,647 15,440 SH   SOLE   0 0 15,440
McDonalds Corp. COM 580135101 3,343 27,780 SH   SOLE   0 0 27,780
Mead Johnson Nutrition COM 582839106 481 5,300 SH   SOLE   0 0 5,300
Medtronic PLC COM G5960L103 5,036 58,041 SH   SOLE   0 0 58,041
Merck & Company Inc. COM 58933y105 5,581 96,870 SH   SOLE   0 0 96,870
Microsoft Corp. COM 594918104 6,190 120,975 SH   SOLE   0 0 120,975
Mondelez Int'l Inc COM 609207105 13,621 299,299 SH   SOLE   0 0 299,299
Monmouth REIT COM 609720107 146 11,000 SH   SOLE   0 0 11,000
Morgan Stanley COM 617446448 225 8,663 SH   SOLE   0 0 8,663
National Health Invstrs COM 63633d104 15,995 213,014 SH   SOLE   0 0 213,014
National Healthcare COM 635906100 508 7,848 SH   SOLE   0 0 7,848
Nestle SA Sponsored Reg COM 641069406 326 4,228 SH   SOLE   0 0 4,228
NextEra Energy, Inc. COM 65339f101 392 3,003 SH   SOLE   0 0 3,003
Nike COM 654106103 216 3,921 SH   SOLE   0 0 3,921
Novartis AG COM 66987v109 804 9,750 SH   SOLE   0 0 9,750
Oracle COM 68389x105 2,569 62,771 SH   SOLE   0 0 62,771
Overstock COM 690370101 8,457 524,930 SH   SOLE   0 0 524,930
Owens Corning COM 690742101 837 16,253 SH   SOLE   0 0 16,253
Owens Illinois Inc New COM 690768403 6,446 357,910 SH   SOLE   0 0 357,910
Pan American Silver COM 697900108 164 10,000 SH   SOLE   0 0 10,000
Peoples United Fncl COM 712704105 12,586 858,535 SH   SOLE   0 0 858,535
PepsiCo Inc. COM 713448108 2,457 23,195 SH   SOLE   0 0 23,195
Pfizer Inc. COM 717081103 5,971 169,594 SH   SOLE   0 0 169,594
Philip Morris Intl COM 718172109 8,038 79,022 SH   SOLE   0 0 79,022
Phillips 66 COM 718546104 303 3,818 SH   SOLE   0 0 3,818
Pico Holdings COM 693366205 416 44,000 SH   SOLE   0 0 44,000
Pinnacle Financial Partners COM 72346q104 1,385 28,360 SH   SOLE   0 0 28,360
Procter & Gamble Co. COM 742718109 12,262 144,819 SH   SOLE   0 0 144,819
Regions Financial Corp. COM 7591ep100 1,016 119,335 SH   SOLE   0 0 119,335
Republic Services Inc. COM 760759100 6,435 125,422 SH   SOLE   0 0 125,422
Roche Holdings COM 771195104 3,271 99,277 SH   SOLE   0 0 99,277
Royal Dutch Shell Cl B COM 780259107 909 16,223 SH   SOLE   0 0 16,223
S & P 500 Index Depository Rec COM 78462F103 2,317 11,059 SH   SOLE   0 0 11,059
SPDR Gold Trust COM 78463V107 996 7,877 SH   SOLE   0 0 7,877
SPDR Utilities Select COM 81369Y886 2,307 43,963 SH   SOLE   0 0 43,963
Schlumberger Ltd. COM 806857108 9,869 124,797 SH   SOLE   0 0 124,797
Scripps Networks Interactive, COM 811065101 1,845 29,625 SH   SOLE   0 0 29,625
Select Basic Materials Sector COM 81369y100 1,336 28,841 SH   SOLE   0 0 28,841
Southwest Airlines Co. COM 844741108 3,134 79,929 SH   SOLE   0 0 79,929
St. Jude Medical Inc. COM 790849103 462 5,925 SH   SOLE   0 0 5,925
Starbucks Corp. COM 855244109 1,543 27,010 SH   SOLE   0 0 27,010
Stryker COM 863667101 246 2,050 SH   SOLE   0 0 2,050
SunCoke Energy COM 86722A103 212 36,500 SH   SOLE   0 0 36,500
SunTrust Banks Inc. COM 867914103 1,756 42,754 SH   SOLE   0 0 42,754
Sysco Corp. COM 871829107 8,798 173,403 SH   SOLE   0 0 173,403
TE Connectivity Ltd COM H84989104 222 3,888 SH   SOLE   0 0 3,888
TEGNA, Inc. COM 87901j105 14,837 640,359 SH   SOLE   0 0 640,359
TJX Companies, Inc. COM 872540109 800 10,357 SH   SOLE   0 0 10,357
Tejon Ranch Co. COM 879080109 213 9,000 SH   SOLE   0 0 9,000
Tidewater Inc. COM 886423102 154 34,931 SH   SOLE   0 0 34,931
Total System Services COM 891906109 220 4,145 SH   SOLE   0 0 4,145
Transocean, Ltd COM H8817H100 119 10,032 SH   SOLE   0 0 10,032
Travelers Inc. COM 89417e109 786 6,600 SH   SOLE   0 0 6,600
Truxton Corp. COM 89845y107 346 12,390 SH   SOLE   0 0 12,390
Twenty-First Cent Fox Inc. Cl COM 90130a101 2,385 88,163 SH   SOLE   0 0 88,163
Twenty-First Cent Fox Inc. Cl COM 90130A200 3,460 126,990 SH   SOLE   0 0 126,990
US Bancorp COM 902973304 534 13,250 SH   SOLE   0 0 13,250
United Parcel Svc. Cl B COM 911312106 5,820 54,032 SH   SOLE   0 0 54,032
United Rentals, Inc. COM 911363109 1,477 22,010 SH   SOLE   0 0 22,010
United Technologies COM 913017109 9,374 91,407 SH   SOLE   0 0 91,407
Vanguard Emerging Markets ETF COM 922042858 1,817 51,563 SH   SOLE   0 0 51,563
Vanguard Large-Cap Exchanged T COM 922908637 481 5,020 SH   SOLE   0 0 5,020
Vanguard Mid-Cap Exchange Trad COM 922908629 291 2,355 SH   SOLE   0 0 2,355
Vanguard Small-Cap VIPERs COM 922908751 438 3,789 SH   SOLE   0 0 3,789
Verizon Comm. COM 92343v104 8,244 147,639 SH   SOLE   0 0 147,639
Vodafone Group PLC ADS COM 92857w308 857 27,753 SH   SOLE   0 0 27,753
Vulcan Materials COM 929160109 1,586 13,175 SH   SOLE   0 0 13,175
Wal-Mart Stores Inc. COM 931142103 6,210 85,041 SH   SOLE   0 0 85,041
Walt Disney Co. COM 254687106 10,608 108,439 SH   SOLE   0 0 108,439
Wells Fargo & Co. COM 949746101 3,440 72,682 SH   SOLE   0 0 72,682
Western Union COM 959802109 579 30,205 SH   SOLE   0 0 30,205
White Mountain Ins COM G9618E107 4,106 4,877 SH   SOLE   0 0 4,877
Zimmer Biomet Holdings, Inc. COM 98956p102 753 6,256 SH   SOLE   0 0 6,256
Zoetis, Inc. COM 98978v103 2,839 59,815 SH   SOLE   0 0 59,815
iShares DJ Select Dividend Ind COM 464287168 374 4,385 SH   SOLE   0 0 4,385
iShares FTSE China 25 Index Fu COM 464287184 1,692 49,450 SH   SOLE   0 0 49,450
iShares MSCI EAFE Index Fund COM 464287465 246 4,400 SH   SOLE   0 0 4,400
iShares MSCI Emerging Markets COM 464287234 878 25,552 SH   SOLE   0 0 25,552
iShares MSCI Pacific Rim COM 464286665 1,068 27,248 SH   SOLE   0 0 27,248
iShares MidCap 400 COM 464287507 227 1,518 SH   SOLE   0 0 1,518
iShares Russell 1000 Index ETF COM 464287622 538 4,600 SH   SOLE   0 0 4,600
iShares Russell Mid-Cap Index COM 464287499 277 1,645 SH   SOLE   0 0 1,645
iShares S&P 500 Core Index ETF COM 464287200 378 1,798 SH   SOLE   0 0 1,798
iShares S&P SmallCap 600 Index COM 464287804 2,672 22,995 SH   SOLE   0 0 22,995