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
AMERICAN EXPRESS CO COM 025816109 7,865 79,193 SH   SOLE   76,782 0 2,411
AMERICAN INTL GROUP INC COM NEW 026874784 9,216 154,679 SH   SOLE   149,878 0 4,801
APPLE INC COM 037833100 8,184 48,363 SH   SOLE   46,902 0 1,461
APTIV PLC SHS G6095L109 10,165 119,827 SH   SOLE   115,897 0 3,930
BANK AMER CORP COM 060505104 11,097 375,911 SH   SOLE   364,510 0 11,401
BANK AMER CORP 7.25% CNV PFD L 060505682 1,624 1,231 SH   SOLE   1,224 0 7
BBX CAP CORP NEW CL A 05491N104 3,220 404,076 SH   SOLE   393,076 0 11,000
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 11,702 59,035 SH   SOLE   57,175 0 1,860
COPART INC. COM 217204106 7,814 180,916 SH   SOLE   174,726 0 6,190
DISCOVERY COMMUNICATNS NEW COM SER C 25470F302 8,834 417,290 SH   SOLE   404,040 0 13,250
DXC TECHNOLOGY CO COM 23355L106 8,613 90,762 SH   SOLE   87,982 0 2,780
FIRST AMERN FINL CORP COM 31847R102 432 7,700 SH   SOLE   7,700 0 0
GABELLI GLB SML & MD CP VAL COM 36249W104 948 74,376 SH   SOLE   74,376 0 0
MCKESSON CORP COM 58155Q103 7,889 50,589 SH   SOLE   48,939 0 1,650
MRC GLOBAL INC COM 55345K103 195 11,510 SH   SOLE   11,510 0 0
NEWMONT MINING CORP COM 651639106 7,763 206,911 SH   SOLE   200,340 0 6,571
NOW INC. COM 67011P100 3,268 296,270 SH   SOLE   287,160 0 9,110
OLD DOMINION FGHT LINES INC COM 679580100 8,830 67,125 SH   SOLE   65,165 0 1,960
OLD REP INTL CORP COM 680223104 8,930 417,665 SH   SOLE   405,003 0 12,662
PBF ENERGY INC CL A 69318G106 2,062 58,164 SH   SOLE   56,834 0 1,330
SCIENCE APPLICATIONS INTL CP N COM 808625107 1,728 22,573 SH   SOLE   21,917 0 656
SEABOARD CORP COM 811543107 9,852 2,234 SH   SOLE   2,169 0 65
SEARS HLDGS CORP *W EXP 12/15/2019 812350155 10 29,990 SH   SOLE   29,276 0 714
SERITAGE GROWTH PPTYS CL A 81752R100 4,426 109,385 SH   SOLE   106,115 0 3,270
TURKCELL ILETISIM HIZMETLERI SPON ADR NEW 900111204 5,268 516,440 SH   SOLE   500,790 0 15,650
WELLS FARGO CO NEW PERP PFD CNV A 949746804 7,865 6,004 SH   SOLE   5,814 0 190
WESTERN ASSET CLYM INFL SEC COM SH BEN INT 95766Q106 343 29,126 SH   SOLE   29,126 0 0