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
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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
Abbott Labs COM 002819AC4 426 11,104 SH   SOLE   11,104 0 0
Abbvie Inc COM 00287Y109 607 11,499 SH   SOLE   11,499 0 0
ADT Corp COM 00101J106 8,895 219,792 SH   SOLE   219,792 0 0
American International Group COM 026874784 19,736 386,610 SH   SOLE   386,610 0 0
American Tower Group COM 03027X100 639 8,000 SH   SOLE   8,000 0 0
Amgen Incorporated COM 031162100 294 2,580 SH   SOLE   2,580 0 0
Apple Computer COM 037833100 12,792 22,802 SH   SOLE   22,802 0 0
Arch Capital ORD G0450A105 10,195 170,792 SH   SOLE   170,792 0 0
BERKSHIRE HATHAWAY I CL B 084670702 19,763 166,689 SH   SOLE   166,689 0 0
Blackstone Group LP COM UNIT LTD 09253U108 235 7,450 SH   SOLE   7,450 0 0
Boeing Co. COM 009702315 23,434 171,690 SH   SOLE   171,690 0 0
Canadian Pacific Railway COM 13645T100 18,162 120,025 SH   SOLE   120,025 0 0
Continental Resources COM 212015101 7,116 63,245 SH   SOLE   63,245 0 0
Crown Holdings Inc COM 228368106 15,097 338,717 SH   SOLE   338,717 0 0
Dominion Diamond Corp. COM 257287102 7,774 541,340 SH   SOLE   541,340 0 0
Ensco International Inc. COM 29358Q109 246 4,300 SH   SOLE   4,300 0 0
Enstar Group COM 29358R107 6,093 43,864 SH   SOLE   43,864 0 0
Exxon Mobil Corp COM 30231G102 1,518 15,000 SH   SOLE   15,000 0 0
Facebook Inc. Class A CL A 30303M102 598 10,950 SH   SOLE   10,950 0 0
General Electric COM 369604103 230 8,200 SH   SOLE   8,200 0 0
Goldman Sachs Group COM 38141G104 13,014 73,415 SH   SOLE   73,415 0 0
Google Inc COM 38259P508 13,573 12,111 SH   SOLE   12,111 0 0
International Business COM 459200101 206 1,098 SH   SOLE   1,098 0 0
Johnson & Johnson Co COM 478160104 712 7,776 SH   SOLE   7,776 0 0
Legacy Reserves LP INT LP INT 524707304 6,469 229,725 SH   SOLE   229,725 0 0
Oracle Corp COM 68389X105 14,749 385,501 SH   SOLE   385,501 0 0
Pepsico Inc COM 713448108 10,100 121,775 SH   SOLE   121,775 0 0
Plains All American COM 726503105 6,942 134,100 SH   SOLE   134,100 0 0
Procter & Gamble Co COM 742718109 9,994 122,758 SH   SOLE   122,758 0 0
Qualcomm COM 747525103 14,367 193,500 SH   SOLE   193,500 0 0
Retail Oppty Ivenstm COM 76131N101 7,652 519,859 SH   SOLE   519,859 0 0
Schlumberger COM 806857108 19,449 215,840 SH   SOLE   215,840 0 0
Tyco Int'l. LTD New SHS H89128104 238 5,800 SH   SOLE   5,800 0 0
VISA Inc CI A CL A 92826C839 410 1,840 SH   SOLE   1,840 0 0
Wells Fargo & Co. Ne COM 949746101 11,832 260,616 SH   SOLE   260,616 0 0