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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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 Laboratories COM 002824100 429 5,930 SH   SOLE   0 0 5,930
Alibaba Group Holding Ltd COM 01609W102 2,427 17,706 SH   SOLE   0 0 17,706
Allergan Inc. COM G0177J108 4,554 34,071 SH   SOLE   0 0 34,071
Alphabet Inc. Cap Stk CL A COM 02079K305 3,835 3,670 SH   SOLE   0 0 3,670
Alphabet Inc. Cap Stk CL C COM 02079K107 11,644 11,244 SH   SOLE   0 0 11,244
Amazon.com, Inc. COM 023135106 263 175 SH   SOLE   0 0 175
American Express Inc. COM 025816109 640 6,718 SH   SOLE   0 0 6,718
American Washington Mutual Inv COM 939330106 255 6,199 SH   SOLE   0 0 6,199
BP p.l.c. ADR COM 055622104 7,877 207,737 SH   SOLE   0 0 207,737
Baidu Inc COM 056752108 1,516 9,561 SH   SOLE   0 0 9,561
Berkshire Hathaway, Inc. CL B COM 084670702 8,245 40,383 SH   SOLE   0 0 40,383
Brixmor Property Group Inc COM 11120U105 6,342 431,735 SH   SOLE   0 0 431,735
Cadence Design Systems, Inc. COM 127387108 229 5,257 SH   SOLE   0 0 5,257
Chevron Corp. COM 166764100 10,056 92,431 SH   SOLE   0 0 92,431
Cisco Systems COM 17275r102 11,261 259,898 SH   SOLE   0 0 259,898
Citigroup Inc. COM 172967424 12,118 232,775 SH   SOLE   0 0 232,775
Coca-Cola Co. COM 191216100 410 8,650 SH   SOLE   0 0 8,650
Conagra Inc. COM 205887102 476 22,284 SH   SOLE   0 0 22,284
Delaware Value FD CL A COM 24610c881 273 13,917 SH   SOLE   0 0 13,917
Diageo PLC Spons. ADR COM 25243q205 1,547 10,911 SH   SOLE   0 0 10,911
Exxon Mobil Corporation COM 30231g102 1,239 18,163 SH   SOLE   0 0 18,163
Facebook Inc. COM 30303m102 7,926 60,462 SH   SOLE   0 0 60,462
Fidelity Balanced Fund COM 316345206 447 21,629 SH   SOLE   0 0 21,629
Fidelity Select IT Services Po COM 316390483 258 4,767 SH   SOLE   0 0 4,767
Fidelity Select Software & Com COM 316390822 407 24,978 SH   SOLE   0 0 24,978
General Electric COM 369604103 1,460 192,904 SH   SOLE   0 0 192,904
Goldman Sachs Group, Inc. COM 38141g104 6,689 40,044 SH   SOLE   0 0 40,044
Heineken N V S ADR COM 423012301 5,143 116,560 SH   SOLE   0 0 116,560
Home Depot COM 437076102 302 1,759 SH   SOLE   0 0 1,759
IQVIA Holdings, Inc. COM 46266c105 11,966 103,004 SH   SOLE   0 0 103,004
IShares Gold Trust COM 464285105 4,078 331,789 SH   SOLE   0 0 331,789
Ishares EDGE MSCI USA Quality COM 46432f339 805 10,484 SH   SOLE   0 0 10,484
JPMorgan Chase & Co. COM 46625h100 11,374 116,518 SH   SOLE   0 0 116,518
Johnson & Johnson COM 478160104 802 6,212 SH   SOLE   0 0 6,212
Lamb Weston Holdings Inc COM 513272104 300 4,074 SH   SOLE   0 0 4,074
Lazard Emerging Mkts Equity Po COM 52106n889 5,746 357,804 SH   SOLE   0 0 357,804
M&T Bank Corporation COM 55261f104 779 5,440 SH   SOLE   0 0 5,440
MBIA, Inc. COM 55262c100 274 30,770 SH   SOLE   0 0 30,770
Merck & Co, Inc. COM 58933y105 10,698 140,010 SH   SOLE   0 0 140,010
Microsoft Corp. COM 594918104 12,417 122,255 SH   SOLE   0 0 122,255
Oakmark International Fund Cla COM 413838202 8,662 423,345 SH   SOLE   0 0 423,345
PayPal Holdings, Inc COM 70450Y103 12,663 150,591 SH   SOLE   0 0 150,591
Pepsico Inc. COM 713448108 1,189 10,758 SH   SOLE   0 0 10,758
Pfizer Inc. COM 717081103 2,431 55,702 SH   SOLE   0 0 55,702
Philip Morris International In COM 718172109 1,803 27,006 SH   SOLE   0 0 27,006
Procter & Gamble COM 742718109 12,033 130,913 SH   SOLE   0 0 130,913
Raytheon Co. COM 755111507 7,656 49,928 SH   SOLE   0 0 49,928
Real Estate Select Sector SPDR COM 81369Y860 283 9,134 SH   SOLE   0 0 9,134
Realogy Holdings Corp COM 75605y106 1,394 94,981 SH   SOLE   0 0 94,981
Royce Pennsylvania Mutual Fund COM 780905816 122 19,736 SH   SOLE   0 0 19,736
S&P 400 Mid-Cap Dep. Recpt. COM 78467y107 4,351 14,377 SH   SOLE   0 0 14,377
S&P 500 Depository Receipt COM 78462f103 3,336 13,348 SH   SOLE   0 0 13,348
Schlumberger Ltd. COM 806857108 733 20,319 SH   SOLE   0 0 20,319
Select Sector SPDR Financial COM 81369y605 1,606 67,411 SH   SOLE   0 0 67,411
Tencent Hldgs Ltd Unsp ADR COM 88032Q109 2,125 52,980 SH   SOLE   0 0 52,980
The Brink's Company COM 109696104 1,611 24,926 SH   SOLE   0 0 24,926
Total Fina S.A. ADR (N/C 6/14/ COM 89151E109 4,434 84,982 SH   SOLE   0 0 84,982
Union Pacific Corp. COM 907818108 248 1,796 SH   SOLE   0 0 1,796
VanEck Vectors Oil Services ET COM 92189F718 1,746 124,475 SH   SOLE   0 0 124,475
Vanguard Emerging Market COM 922042858 3,883 101,928 SH   SOLE   0 0 101,928
Vanguard Health Care ETF COM 92204a504 288 1,793 SH   SOLE   0 0 1,793
Vanguard MSCI European Equity COM 922042874 272 5,595 SH   SOLE   0 0 5,595
Vanguard S&P 500 ETF COM 922908363 357 1,552 SH   SOLE   0 0 1,552
Verizon Communications COM 92343v104 5,103 90,771 SH   SOLE   0 0 90,771
Viacom Inc. Class B NEW COM 92553p201 8,231 320,255 SH   SOLE   0 0 320,255
Visa Inc COM 92826c839 8,724 66,124 SH   SOLE   0 0 66,124
Vista Outdoor Inc COM 928377100 199 17,500 SH   SOLE   0 0 17,500
WPX Energy Inc. COM 98212b103 464 40,913 SH   SOLE   0 0 40,913
Wal-Mart Stores COM 931142103 1,041 11,175 SH   SOLE   0 0 11,175
Walt Disney Company COM 254687106 630 5,750 SH   SOLE   0 0 5,750
Wisdom Tree Europe Hedged Equi COM 97717X701 301 5,335 SH   SOLE   0 0 5,335
Wisdomtree Germany Hedged Equi COM 97717W448 2,442 92,210 SH   SOLE   0 0 92,210
Wisdomtree US Smallcap Earning COM 97717w562 591 18,440 SH   SOLE   0 0 18,440
Zimmer Holdings, Inc. COM 98956p102 6,279 60,537 SH   SOLE   0 0 60,537
Zoetis Inc COM 98978v103 10,485 122,577 SH   SOLE   0 0 122,577
iShares DJ US Oil Equip & Serv COM 464288844 2,926 143,292 SH   SOLE   0 0 143,292
iShares MSCI Emerging Markets COM 464287234 285 7,300 SH   SOLE   0 0 7,300
iShares MSCI Japan Index COM 46434g822 7,989 157,597 SH   SOLE   0 0 157,597
iShares Nasdaq Biotechnology I COM 464287556 6,992 72,510 SH   SOLE   0 0 72,510