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 33,991 220,291 SH   SOLE   219,491 0 800
ALBANY MOLECULAR COM 012423109 607 30,000 SH   SOLE   30,000 0 0
ALLSTATE CORP. COM 020021010 454 7,000 SH   SOLE   7,000 0 0
ALTRIA GROUP INC. COM 02209S103 1,077 22,011 SH   SOLE   22,011 0 0
AMAZON.COM COM 023135106 312 719 SH   SOLE   719 0 0
ANTERO RES CORP COM 03674X106 9,536 277,700 SH   SOLE   277,700 0 0
APPLE INC COM 037833100 5,515 43,974 SH   SOLE   43,974 0 0
ARES CAP CORP COM 04010L103 494 30,000 SH   SOLE   30,000 0 0
ASCENT CAPITAL GROUP COM 043632108 10,685 250,000 SH   SOLE   250,000 0 0
AT&T CORP. COM 001957109 1,618 45,562 SH   SOLE   45,562 0 0
BANK OF AMERICA COM 060505104 252 14,790 SH   SOLE   14,790 0 0
BB&T CORP. COM 054937107 202 5,000 SH   SOLE   5,000 0 0
BERKSHIRE HATH A COM 084670108 1,229 6 SH   SOLE   6 0 0
BERKSHIRE HATH B COM 084670702 24,048 176,679 SH   SOLE   176,229 0 450
BLACKBERRY COM 09228f103 13,145 1,607,000 SH   SOLE   1,607,000 0 0
BP PLC - SPONS ADR COM 056622104 249 6,238 SH   SOLE   6,238 0 0
BRISTOL-MYERS COM 110122108 476 7,152 SH   SOLE   7,152 0 0
CATERPILLAR INC COM 149123101 258 3,036 SH   SOLE   3,036 0 0
CHEVRON CORP COM 166764100 17,265 178,971 SH   SOLE   176,921 0 2,050
CISCO SYSTEMS COM 17275R102 16,521 601,640 SH   SOLE   599,540 0 2,100
CNO FINANCIAL COM 12621E103 261 14,200 SH   SOLE   14,200 0 0
COCA COLA BOTTLNG COM 191098102 302 2,000 SH   SOLE   2,000 0 0
COCA COLA CO COM 191216100 14,053 358,233 SH   SOLE   356,133 0 2,100
CONOCOPHILLIPS COM 20825C104 430 7,000 SH   SOLE   7,000 0 0
CORNING, INC. COM 219350105 22,473 1,139,021 SH   SOLE   1,133,021 0 6,000
CRIMSON WINE GROUP LTD COM 22662X100 421 45,000 SH   SOLE   45,000 0 0
CVS HEALTH CORP COM 126650100 30,665 292,385 SH   SOLE   292,385 0 0
DEERE & CO COM 244199105 27,817 286,630 SH   SOLE   284,830 0 1,800
DISCOVER COMM C COM 25470F302 20,124 647,500 SH   SOLE   647,500 0 0
DU PONT COM 263534109 30,786 481,415 SH   SOLE   478,665 0 2,750
EMC CORP./MASS COM 268648102 602 22,830 SH   SOLE   22,830 0 0
EXCO RES INC COM 269279402 4,287 3,633,000 SH   SOLE   3,633,000 0 0
EXXON MOBIL COM 30231G102 1,511 18,167 SH   SOLE   18,167 0 0
FACEBOOK COM 30303m102 338 3,940 SH   SOLE   3,940 0 0
FEDERAL MOGUL HOLDINGS COM 313549404 26,789 2,360,300 SH   SOLE   2,360,300 0 0
FEDERATED INVS. COM 314211103 280 8,362 SH   SOLE   8,362 0 0
FIBROCELL SCIENCE COM 315721209 580 110,000 SH   SOLE   110,000 0 0
FIREEYE INC COM 31816Q101 440 9,000 SH   SOLE   9,000 0 0
FREEPORT-MCMORAN COM 35671d857 14,041 754,060 SH   SOLE   749,560 0 4,500
GENERAL ELECTRIC COM 369604103 726 27,339 SH   SOLE   27,339 0 0
GENERAL MOTORS COM 37045v100 27,002 810,142 SH   SOLE   804,742 0 5,400
GOOGLE INC A COM 38259P508 976 1,807 SH   SOLE   1,807 0 0
GOOGLE INC C COM 38259P706 1,014 1,949 SH   SOLE   1,949 0 0
HALCON RES CORP COM 40537Q209 209 180,000 SH   SOLE   180,000 0 0
HALLIBURTON CO. COM 406216101 373 8,662 SH   SOLE   8,662 0 0
HALLMARK FINL SVCS INC COM 40624Q203 10,287 903,948 SH   SOLE   903,948 0 0
HENRY SCHEIN COM 806407102 802 5,645 SH   SOLE   5,645 0 0
HOME DEPOT INC. COM 437076102 224 2,020 SH   SOLE   2,020 0 0
ILLINOIS TOOL WKS COM 452308109 270 2,938 SH   SOLE   2,938 0 0
INTEL CORP COM 458140100 14,440 474,770 SH   SOLE   470,170 0 4,600
INTREXON CORP COM 46122t102 464 9,500 SH   SOLE   9,500 0 0
J.P. MORGAN CHASE COM 46625H100 24,740 365,111 SH   SOLE   363,361 0 1,750
JAKKS PAC INC COM 47012e106 10,014 1,012,500 SH   SOLE   1,012,500 0 0
JOHNSON&JOHNSON COM 478160104 13,755 141,132 SH   SOLE   140,932 0 200
LEAPFROG ENTER COM 52186N106 14 10,000 SH   SOLE   10,000 0 0
LIBERTY INTERACTIVE CORP-SER A COM 53071M104 15,748 567,500 SH   SOLE   567,500 0 0
LIQUIDITY SERVICES COM 53635B107 13,477 1,399,528 SH   SOLE   1,399,528 0 0
MANNKIND CORP COM 56400p201 57 10,000 SH   SOLE   10,000 0 0
MCEWEN MNG INC COM 58039P107 6,252 6,520,440 SH   SOLE   6,520,440 0 0
MERCK & CO. INC. COM 58933Y105 339 5,954 SH   SOLE   5,954 0 0
MERGE HEALTHCARE COM 589499102 5,137 1,070,283 SH   SOLE   1,070,283 0 0
MICROSOFT CORP COM 594918104 31,040 703,061 SH   SOLE   700,561 0 2,500
MONDELEZ INTL COM 609207105 310 7,534 SH   SOLE   7,534 0 0
NABORS INDUSTRIES COM g6359f103 18,400 1,275,100 SH   SOLE   1,273,100 0 2,000
NANOVIRICIDES COM 630087203 104 60,000 SH   SOLE   60,000 0 0
NUANCE COMM. COM 67020Y100 29,386 1,678,250 SH   SOLE   1,678,250 0 0
ORACLE CORP. COM 68389X105 206 5,110 SH   SOLE   5,110 0 0
PEPSICO INC COM 713448108 293 3,134 SH   SOLE   3,134 0 0
PFIZER INC COM 717081103 27,323 814,877 SH   SOLE   811,377 0 3,500
PHARMERICA COM 71714F104 482 14,465 SH   SOLE   14,465 0 0
PHILIP MORRIS INTl. COM 718172109 20,823 259,729 SH   SOLE   257,929 0 1,800
PHILLIPS 66 COM 718546104 282 3,500 SH   SOLE   3,500 0 0
PNC FINANCIAL COM 693475105 889 9,295 SH   SOLE   9,295 0 0
PRECISION CASTPRTS COM 740189105 11,347 56,770 SH   SOLE   56,570 0 200
PROCTER & GAMBLE COM 742718109 480 6,132 SH   SOLE   6,132 0 0
QUALCOMM INC. COM 747525103 33,060 527,868 SH   SOLE   525,268 0 2,600
ROYAL DUTCH SHELL COM 780259206 780 13,680 SH   SOLE   13,680 0 0
SOUTHWSTRN ENERGY COM 845467109 477 21,000 SH   SOLE   21,000 0 0
THERATECHNOLOGIES INC COM COM 88338H100 18 15,000 SH   SOLE   15,000 0 0
TITAN INTL INC COM 88830M102 17,149 1,596,750 SH   SOLE   1,594,750 0 2,000
TRISTATE CAP HLDGS INC COM 89668F100 349 27,000 SH   SOLE   27,000 0 0
UNITED BANKSHARES COM 909907107 3,422 85,069 SH   SOLE   85,069 0 0
UNITEDHEALTH GROUP COM 91324P102 298 2,440 SH   SOLE   2,440 0 0
USG CORP NEW COM 903293405 11,533 415,000 SH   SOLE   415,000 0 0
VERIZON COMM. COM 92343V104 12,741 273,352 SH   SOLE   272,152 0 1,200
WELLS FARGO CO. COM 949746101 295 5,251 SH   SOLE   5,251 0 0
VANGUARD REIT ETF MUTUAL 922908553 274 3,668 SH   SOLE   3,668 0 0
ISHARES TR S&P SMLCAP 600 MUTUAL 464287804 224 1,900 SH   SOLE   1,900 0 0
MARKET VECTORS GOLD MINERS MUTUAL 57060U100 11,350 639,070 SH   SOLE   636,070 0 3,000
NEUBERGER BRMN. MLP INCOME COM 64129H104 230 14,100 SH   SOLE   14,100 0 0
POWERSHARES HIGH DIV. ACHIEVER MUTUAL 73935X302 172 13,000 SH   SOLE   13,000 0 0
SPDR S&P 400 MIDCAP MUTUAL 78467Y107 1,188 4,350 SH   SOLE   4,350 0 0
SPDR S&P 500 ETF MUTUAL 78462F103 1,029 5,000 SH   SOLE   5,000 0 0
SPDR-TECHNOLOGY MUTUAL 81369Y803 7,825 189,000 SH   SOLE   189,000 0 0
VANGUARD TOTAL STOCK MARKET MUTUAL 922908769 395 3,687 SH   SOLE   3,687 0 0
VANGUARD VALUE INDEX MUTUAL 922908744 208 2,500 SH   SOLE   2,500 0 0
WISDOMTREE LARGECAP DIV MUTUAL 97717W307 1,576 21,745 SH   SOLE   21,745 0 0
iSHARES BIOTECH MUTUAL 464287556 4,151 11,250 SH   SOLE   11,250 0 0
iSHARES DIVIDEND MUTUAL 464287168 233 3,100 SH   SOLE   3,100 0 0
iSHARES PREFERRED STOCK MUTUAL 464288687 678 17,300 SH   SOLE   17,300 0 0
iSHARES RUSSELL 1000 GROWTH MUTUAL 464287614 70,080 707,806 SH   SOLE   704,906 0 2,900
iSHARES RUSSELL 1000 VALUE MUTUAL 464287598 945 9,157 SH   SOLE   9,157 0 0
ENTERPRISE PROD PARTNERS L.P. COM 293792107 1,085 36,316 SH   SOLE   36,316 0 0
PLAINS ALL AMER PIPELINE UNIT LTD 726503105 1,089 25,000 SH   SOLE   25,000 0 0
ISHARES EAFE GROWTH INDEX COM 464288885 9,471 135,530 SH   SOLE   134,830 0 700
ISHARES MSCI EAFE INDEX COM 464287465 488 7,680 SH   SOLE   7,680 0 0
ISHARES MSCI EMERGING MKTS COM 464287234 543 13,707 SH   SOLE   13,707 0 0
SPDR EMERGING MARKETS DIVIDEND COM 78463X533 208 6,350 SH   SOLE   6,350 0 0
SPDR S&P INTL. DIVIDEND COM 78463X772 919 22,150 SH   SOLE   22,150 0 0
VANGUARD DEV. MARKETS ETF COM 921943858 1,281 32,300 SH   SOLE   32,300 0 0
VANGUARD EMERG. MARKETS ETF COM 922042858 2,787 68,180 SH   SOLE   68,180 0 0
ANNALY CAPITAL MGMT REIT ALTCOM 035710409 2,291 249,250 SH   SOLE   245,250 0 4,000
ETFS PLATINUM ALTCOM 26922V101 208 2,000 SH   SOLE   2,000 0 0
GUGGENHEIM GLOBAL TIMBER ALTCOM 18383Q879 426 16,700 SH   SOLE   16,700 0 0
ISHARES GOLD TRUST ALTCOM 464285105 611 53,880 SH   SOLE   53,880 0 0
MARKET VECTORS AGRIBUSINESS ALTCOM 57060u605 521 9,450 SH   SOLE   9,450 0 0
SPDR GOLD SHARES ALTCOM 78463v107 12,969 115,416 SH   SOLE   115,016 0 400
EATON VANCE LIMITED DURATION BOND 27828H105 451 33,500 SH   SOLE   33,500 0 0
INVESCO DYNAMIC CREDIT OPP BOND 46132R104 157 13,500 SH   SOLE   13,500 0 0
ISHARES FLOATING RATE NOTE BOND 46429b655 2,469 48,750 SH   SOLE   46,750 0 2,000
KKR INCOME OPPORT BOND 48249T106 191 12,100 SH   SOLE   12,100 0 0
PIMCO ENHANCED SHORT MATURITY BOND 72201R833 5,365 53,040 SH   SOLE   51,540 0 1,500
SCHWAB S/T U.S. TREAS BOND 808524862 2,444 48,200 SH   SOLE   48,200 0 0
SPDR SHORT-TERM CORPORATE BOND BOND 78464A474 3,210 104,915 SH   SOLE   104,915 0 0
iSHARES 1-3 YR TREASURY BOND 464287457 4,411 51,980 SH   SOLE   50,730 0 1,250
iSHARES BARCLAYS 1-3 YR CREDIT BOND 464288646 2,048 19,441 SH   SOLE   19,441 0 0
iSHARES CORE US AGGREGATE BOND BOND 464287226 3,718 34,178 SH   SOLE   34,178 0 0
iSHARES SHORT MATURITY BOND BOND 46431W507 23,571 470,100 SH   SOLE   470,100 0 0
iSHARES TIPS BOND ETF BOND 464287176 224 2,000 SH   SOLE   2,000 0 0
BLACKROCK MUNIYIELD INV FUND TAX-FREE 09254R104 302 21,000 SH   SOLE   21,000 0 0
DELAWARE INVSMTS. COLORADO MUN TAX-FREE 246101109 138 10,000 SH   SOLE   10,000 0 0
NUVEEN MUNI VALUE TAX-FREE 670928100 366 38,000 SH   SOLE   38,000 0 0
PIMCO MUNICIPAL INCOME II TAX-FREE 72200W106 178 15,500 SH   SOLE   15,500 0 0
PUTNAM MUNI OPPORT TRUST TAX-FREE 746922103 380 32,720 SH   SOLE   32,720 0 0
SPDR BARCLAYS MUNI BOND ETF TAX-FREE 78464A458 209 8,800 SH   SOLE   8,800 0 0
SPDR SHORT TERM MUNICIPAL TAX-FREE 78464A425 10,415 428,950 SH   SOLE   428,950 0 0
GULF COAST ULTRA DEEP ROYALTY ROY TR UNIT 40222T104 36 52,000 SH   SOLE   52,000 0 0