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 2,220 12,595 SH   SOLE   0 0 12,595
AER Energy Resources Inc COM 000944207 0 5,000,000 SH   SOLE   0 0 5,000,000
AT&T, Inc. COM 00206R102 10,194 251,013 SH   SOLE   0 0 251,013
AbbVie, Inc. COM 00287y109 894 14,181 SH   SOLE   0 0 14,181
Abbott Laboratories COM 002824100 2,364 55,907 SH   SOLE   0 0 55,907
Accenture Ltd COM g1151c101 22,576 184,788 SH   SOLE   0 0 184,788
AllState Corp. COM 020002101 538 7,774 SH   SOLE   0 0 7,774
Alphabet Inc. Class A COM 02079k305 554 689 SH   SOLE   0 0 689
Alphabet Inc. Class C COM 02079k107 4,580 5,892 SH   SOLE   0 0 5,892
Altria Group, Inc. COM 02209s103 3,532 55,856 SH   SOLE   0 0 55,856
Amazon.com COM 023135106 8,602 10,273 SH   SOLE   0 0 10,273
American Airlines Grp COM 02376R102 1,367 37,332 SH   SOLE   0 0 37,332
American Express Co. COM 025816109 534 8,341 SH   SOLE   0 0 8,341
American Int'l Group COM 026874784 1,148 19,338 SH   SOLE   0 0 19,338
Amgen Inc. COM 031162100 5,120 30,691 SH   SOLE   0 0 30,691
Apache Corp. COM 037411105 4,685 73,352 SH   SOLE   0 0 73,352
Apple Computer COM 037833100 17,658 156,195 SH   SOLE   0 0 156,195
Automatic Data Processing COM 053015103 465 5,267 SH   SOLE   0 0 5,267
BP PLC COM 055622104 1,673 47,575 SH   SOLE   0 0 47,575
Banco LatinoAmericano COM P16994132 19,959 708,278 SH   SOLE   0 0 708,278
BankAmerica Corp. COM 060505104 448 28,640 SH   SOLE   0 0 28,640
Berkshire Hathaway 'A' COM 084670108 1,514 7 SH   SOLE   0 0 7
Berkshire Hathaway 'B' COM 084670702 85,905 594,623 SH   SOLE   0 0 594,623
Boardwalk Pipeline Prtnrs LP COM 096627104 8,129 473,717 SH   SOLE   0 0 473,717
Boeing Co. COM 097023105 243 1,842 SH   SOLE   0 0 1,842
Bristol Myers Squibb COM 110122108 2,406 44,618 SH   SOLE   0 0 44,618
Brookdale Sr Living Inc COM 112463104 9,272 531,362 SH   SOLE   0 0 531,362
Brookfield Pptys Part COM G16249107 390 17,000 SH   SOLE   0 0 17,000
CA Inc COM 12673p105 279 8,445 SH   SOLE   0 0 8,445
CSRA, Inc. COM 12650t104 857 31,840 SH   SOLE   0 0 31,840
CVS Caremark Corp. COM 126650100 4,161 46,760 SH   SOLE   0 0 46,760
Cable One Inc COM 12685j105 1,313 2,249 SH   SOLE   0 0 2,249
Campbell Soup Co. COM 134429109 1,439 26,300 SH   SOLE   0 0 26,300
Caterpillar Inc. COM 149123101 5,251 59,152 SH   SOLE   0 0 59,152
Celgene Corp. COM 151020104 573 5,484 SH   SOLE   0 0 5,484
Chevron Corp. COM 166764100 1,907 18,530 SH   SOLE   0 0 18,530
Cisco Systems Inc. COM 17275R102 5,029 158,537 SH   SOLE   0 0 158,537
Coca Cola Co. COM 191216100 3,203 75,688 SH   SOLE   0 0 75,688
Colgate Palmolive Co. COM 194162103 262 3,536 SH   SOLE   0 0 3,536
Comcast Corp. - Class A COM 20030n101 3,201 48,246 SH   SOLE   0 0 48,246
Computer Sciences Corp. COM 205363104 1,594 30,535 SH   SOLE   0 0 30,535
ConocoPhillips COM 20825c104 261 5,998 SH   SOLE   0 0 5,998
Corrections Corp Amer COM 22025y407 12,464 898,612 SH   SOLE   0 0 898,612
Cracker Barrel Old Country Sto COM 22410J106 241 1,826 SH   SOLE   0 0 1,826
Darden Restaurants, Inc. COM 237194105 395 6,440 SH   SOLE   0 0 6,440
Delta Airlines Inc. COM 247361702 2,757 70,047 SH   SOLE   0 0 70,047
Dentsply Sirona Inc. COM 24906P109 1,705 28,694 SH   SOLE   0 0 28,694
Diageo PLC COM 25243Q205 2,942 25,352 SH   SOLE   0 0 25,352
Dominion Resources, Inc. COM 25746u109 1,888 25,425 SH   SOLE   0 0 25,425
Duke Energy Corp. COM 26441c204 4,595 57,414 SH   SOLE   0 0 57,414
E. I. Dupont de Nemours & Co. COM 263534109 305 4,551 SH   SOLE   0 0 4,551
Express Scripts, Inc. COM 30219g108 1,311 18,586 SH   SOLE   0 0 18,586
Exxon Mobil Corp. COM 30231G102 14,873 170,405 SH   SOLE   0 0 170,405
Fairfax Financial Hld COM 303901102 96,911 165,332 SH   SOLE   0 0 165,332
FedEx Corp. COM 31428X106 9,523 54,517 SH   SOLE   0 0 54,517
Forestar Group COM 346233109 1,107 94,500 SH   SOLE   0 0 94,500
Gannett Co. Inc. COM 36473h104 3,417 293,528 SH   SOLE   0 0 293,528
General Electric Co. COM 369604103 10,423 351,879 SH   SOLE   0 0 351,879
General Mills Inc. COM 370334104 2,755 43,125 SH   SOLE   0 0 43,125
Goldman Sachs Group COM 38141g104 902 5,593 SH   SOLE   0 0 5,593
Graham Holdings Co COM 384637104 1,131 2,349 SH   SOLE   0 0 2,349
HCA Holdings, Inc. COM 40412C101 33,665 445,121 SH   SOLE   0 0 445,121
HCP Inc COM 40414L109 4,856 127,971 SH   SOLE   0 0 127,971
HP Inc. COM 40434l105 212 13,635 SH   SOLE   0 0 13,635
Halliburton Inc. COM 406216101 7,099 158,184 SH   SOLE   0 0 158,184
HealthStream Inc. COM 42222n103 375 13,600 SH   SOLE   0 0 13,600
Hewlett Packard Enterprise Co. COM 42824c109 273 11,995 SH   SOLE   0 0 11,995
Home Depot Inc. COM 437076102 8,060 62,636 SH   SOLE   0 0 62,636
Honeywell Intl. COM 438516106 2,339 20,063 SH   SOLE   0 0 20,063
Intel Corp. COM 458140100 10,410 275,750 SH   SOLE   0 0 275,750
International Business Machine COM 459200101 5,601 35,257 SH   SOLE   0 0 35,257
J. P. Morgan Chase & Co. Inc. COM 46625h100 1,001 15,035 SH   SOLE   0 0 15,035
Johnson & Johnson COM 478160104 13,434 113,726 SH   SOLE   0 0 113,726
KKR & Company LP COM 48248M102 361 25,325 SH   SOLE   0 0 25,325
Kraft Heinz Company COM 500754106 5,068 56,621 SH   SOLE   0 0 56,621
L-3 Communications COM 502424104 497 3,300 SH   SOLE   0 0 3,300
Leucadia Natl Corp COM 527288104 4,666 245,051 SH   SOLE   0 0 245,051
Level 3 Commun COM 52729N308 26,391 569,011 SH   SOLE   0 0 569,011
Loews Corp. COM 540424108 16,804 408,362 SH   SOLE   0 0 408,362
Lowes Companies COM 548661107 6,843 94,762 SH   SOLE   0 0 94,762
Mannkind Corp. COM 56400p201 9 14,000 SH   SOLE   0 0 14,000
McCormick COM 579780206 1,543 15,440 SH   SOLE   0 0 15,440
McDonalds Corp. COM 580135101 3,092 26,805 SH   SOLE   0 0 26,805
Mead Johnson Nutrition COM 582839106 419 5,300 SH   SOLE   0 0 5,300
Medtronic PLC COM G5960L103 4,945 57,232 SH   SOLE   0 0 57,232
Merck & Company Inc. COM 58933y105 5,955 95,420 SH   SOLE   0 0 95,420
Microsoft Corp. COM 594918104 6,873 119,321 SH   SOLE   0 0 119,321
Mondelez Int'l Inc COM 609207105 14,494 330,150 SH   SOLE   0 0 330,150
Monmouth REIT COM 609720107 157 11,000 SH   SOLE   0 0 11,000
Morgan Stanley COM 617446448 278 8,663 SH   SOLE   0 0 8,663
National Health Invstrs COM 63633d104 16,184 206,214 SH   SOLE   0 0 206,214
National Healthcare COM 635906100 518 7,848 SH   SOLE   0 0 7,848
Nestle SA Sponsored Reg COM 641069406 334 4,228 SH   SOLE   0 0 4,228
NextEra Energy, Inc. COM 65339f101 343 2,803 SH   SOLE   0 0 2,803
Nike COM 654106103 206 3,921 SH   SOLE   0 0 3,921
Norfolk Southern Corp. COM 655844108 222 2,284 SH   SOLE   0 0 2,284
Novartis AG COM 66987v109 762 9,650 SH   SOLE   0 0 9,650
Oracle COM 68389x105 2,406 61,256 SH   SOLE   0 0 61,256
Overstock COM 690370101 7,967 520,008 SH   SOLE   0 0 520,008
Owens Corning COM 690742101 868 16,255 SH   SOLE   0 0 16,255
Owens Illinois Inc New COM 690768403 7,753 421,597 SH   SOLE   0 0 421,597
Pan American Silver COM 697900108 176 10,000 SH   SOLE   0 0 10,000
Peoples United Fncl COM 712704105 13,512 854,082 SH   SOLE   0 0 854,082
PepsiCo Inc. COM 713448108 2,552 23,460 SH   SOLE   0 0 23,460
Pfizer Inc. COM 717081103 5,843 172,512 SH   SOLE   0 0 172,512
Philip Morris Intl COM 718172109 7,496 77,100 SH   SOLE   0 0 77,100
Phillips 66 COM 718546104 318 3,943 SH   SOLE   0 0 3,943
Pico Holdings COM 693366205 501 42,500 SH   SOLE   0 0 42,500
Pinnacle Financial Partners COM 72346q104 1,534 28,360 SH   SOLE   0 0 28,360
Procter & Gamble Co. COM 742718109 12,762 142,197 SH   SOLE   0 0 142,197
Regions Financial Corp. COM 7591ep100 1,178 119,335 SH   SOLE   0 0 119,335
Republic Services Inc. COM 760759100 6,217 123,222 SH   SOLE   0 0 123,222
Roche Holdings COM 771195104 2,900 93,644 SH   SOLE   0 0 93,644
Royal Dutch Shell Cl B COM 780259107 831 15,723 SH   SOLE   0 0 15,723
S & P 500 Index Depository Rec COM 78462F103 2,392 11,059 SH   SOLE   0 0 11,059
SPDR Gold Trust COM 78463V107 1,537 12,232 SH   SOLE   0 0 12,232
SPDR Utilities Select COM 81369Y886 2,201 44,935 SH   SOLE   0 0 44,935
Schlumberger Ltd. COM 806857108 10,046 127,750 SH   SOLE   0 0 127,750
Scripps Networks Interactive, COM 811065101 1,881 29,625 SH   SOLE   0 0 29,625
Select Basic Materials Sector COM 81369y100 1,377 28,841 SH   SOLE   0 0 28,841
Southwest Airlines Co. COM 844741108 3,288 84,555 SH   SOLE   0 0 84,555
St. Jude Medical Inc. COM 790849103 473 5,925 SH   SOLE   0 0 5,925
Starbucks Corp. COM 855244109 2,424 44,775 SH   SOLE   0 0 44,775
Stryker COM 863667101 239 2,050 SH   SOLE   0 0 2,050
SunCoke Energy COM 86722A103 293 36,500 SH   SOLE   0 0 36,500
SunTrust Banks Inc. COM 867914103 1,840 42,004 SH   SOLE   0 0 42,004
Sysco Corp. COM 871829107 8,381 171,008 SH   SOLE   0 0 171,008
TE Connectivity Ltd COM H84989104 250 3,888 SH   SOLE   0 0 3,888
TEGNA, Inc. COM 87901j105 13,882 635,027 SH   SOLE   0 0 635,027
TJX Companies, Inc. COM 872540109 796 10,638 SH   SOLE   0 0 10,638
Tejon Ranch Co. COM 879080109 292 12,000 SH   SOLE   0 0 12,000
Transocean, Ltd COM H8817H100 107 10,032 SH   SOLE   0 0 10,032
Travelers Inc. COM 89417e109 750 6,550 SH   SOLE   0 0 6,550
Truxton Corp. COM 89845y107 298 10,640 SH   SOLE   0 0 10,640
Twenty-First Cent Fox Inc. Cl COM 90130a101 2,341 96,673 SH   SOLE   0 0 96,673
Twenty-First Cent Fox Inc. Cl COM 90130A200 2,796 113,005 SH   SOLE   0 0 113,005
US Bancorp COM 902973304 566 13,200 SH   SOLE   0 0 13,200
United Parcel Svc. Cl B COM 911312106 5,837 53,371 SH   SOLE   0 0 53,371
United Rentals, Inc. COM 911363109 1,729 22,025 SH   SOLE   0 0 22,025
United Technologies COM 913017109 9,194 90,494 SH   SOLE   0 0 90,494
Vanguard Emerging Markets ETF COM 922042858 1,927 51,213 SH   SOLE   0 0 51,213
Vanguard Large-Cap Exchanged T COM 922908637 496 5,005 SH   SOLE   0 0 5,005
Vanguard Mid-Cap Exchange Trad COM 922908629 302 2,330 SH   SOLE   0 0 2,330
Vanguard Small-Cap VIPERs COM 922908751 459 3,759 SH   SOLE   0 0 3,759
Verizon Comm. COM 92343v104 7,557 145,391 SH   SOLE   0 0 145,391
Vodafone Group PLC ADS COM 92857w308 732 25,107 SH   SOLE   0 0 25,107
Vulcan Materials COM 929160109 1,498 13,175 SH   SOLE   0 0 13,175
Wal-Mart Stores Inc. COM 931142103 6,051 83,908 SH   SOLE   0 0 83,908
Walt Disney Co. COM 254687106 10,167 109,484 SH   SOLE   0 0 109,484
Wells Fargo & Co. COM 949746101 3,775 85,252 SH   SOLE   0 0 85,252
Western Union COM 959802109 639 30,705 SH   SOLE   0 0 30,705
White Mountain Ins COM G9618E107 4,045 4,874 SH   SOLE   0 0 4,874
Zimmer Biomet Holdings, Inc. COM 98956p102 813 6,256 SH   SOLE   0 0 6,256
Zoetis, Inc. COM 98978v103 3,056 58,765 SH   SOLE   0 0 58,765
iShares DJ Select Dividend Ind COM 464287168 391 4,565 SH   SOLE   0 0 4,565
iShares FTSE China 25 Index Fu COM 464287184 1,857 48,850 SH   SOLE   0 0 48,850
iShares MSCI EAFE Index Fund COM 464287465 260 4,400 SH   SOLE   0 0 4,400
iShares MSCI Emerging Markets COM 464287234 795 21,227 SH   SOLE   0 0 21,227
iShares MSCI Pacific Rim COM 464286665 1,152 27,248 SH   SOLE   0 0 27,248
iShares MidCap 400 COM 464287507 235 1,518 SH   SOLE   0 0 1,518
iShares Russell 1000 Index ETF COM 464287622 535 4,445 SH   SOLE   0 0 4,445
iShares Russell Mid-Cap Index COM 464287499 279 1,598 SH   SOLE   0 0 1,598
iShares S&P 500 Core Index ETF COM 464287200 389 1,788 SH   SOLE   0 0 1,788
iShares S&P SmallCap 600 Index COM 464287804 2,847 22,930 SH   SOLE   0 0 22,930