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
ABBOTT LABS COM 002824100 1,438 34,387 SH   SOLE 34,387 0 0
ACCURIDE CORP NEW COM NEW 00439T206 55 35,400 SH   SOLE 35,400 0 0
AIR PRODS & CHEMS INC COM 009158106 614 4,262 SH   SOLE 4,262 0 0
ALLEGHANY CORP DEL COM 017175100 19,132 38,558 SH   SOLE 38,558 0 0
AMERICAN CAP LTD COM 02503Y103 223 14,616 SH   SOLE 14,616 0 0
AMERICAN EXPRESS CO COM 025816109 388 6,314 SH   SOLE 6,314 0 0
AMERICAN NATL INS CO COM 028591105 1,792 15,518 SH   SOLE 15,518 0 0
AMGEN INC COM 031162100 855 5,706 SH   SOLE 5,706 0 0
ANIXTER INTL INC COM 035290105 208 4,000 SH   SOLE 4,000 0 0
ANNALY CAP MGMT INC COM 035710409 345 33,600 SH   SOLE 33,600 0 0
APACHE CORP COM 037411105 224 4,594 SH   SOLE 4,594 0 0
APPLE INC COM 037833100 1,073 9,849 SH   SOLE 9,849 0 0
APPLIED MATLS INC COM 038222105 412 19,434 SH   SOLE 19,434 0 0
ARGO GROUP INTL HLDGS LTD COM G0464B107 245 4,269 SH   SOLE 4,269 0 0
AT&T INC COM 00206R102 1,516 38,691 SH   SOLE 38,691 0 0
ATWOOD OCEANICS INC COM 050095108 159 17,345 SH   SOLE 17,345 0 0
AXIALL CORP COM 05463D100 314 14,355 SH   SOLE 14,355 0 0
BANK AMER CORP COM 060505104 339 25,070 SH   SOLE 25,070 0 0
BANK NEW YORK MELLON CORP COM 064058100 3,315 90,021 SH   SOLE 90,021 0 0
BERKLEY W R CORP COM 084423102 13,087 232,862 SH   SOLE 232,862 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 1,708 8 SH   SOLE 8 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 39,210 276,360 SH   SOLE 276,360 0 0
BLACKSTONE GROUP L P COM UNIT LTD 09253U108 519 18,500 SH   SOLE 18,500 0 0
BLACKSTONE MTG TR INC COM CL A 09257W100 391 14,575 SH   SOLE 14,575 0 0
BOARDWALK PIPELINE PARTNERS UT LTD PARTNER 096627104 1,230 83,438 SH   SOLE 83,438 0 0
BROADRIDGE FINL SOLUTIONS IN COM 11133T103 1,406 23,700 SH   SOLE 23,700 0 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 1,089 31,296 SH   SOLE 31,296 0 0
CABLE ONE INC COM 12685J105 317 725 SH   SOLE 725 0 0
CALIFORNIA RES CORP COM 13057Q107 128 124,372 SH   SOLE 124,372 0 0
CAMECO CORP COM 13321L108 155 12,103 SH   SOLE 12,103 0 0
CATHAY GEN BANCORP COM 149150104 306 10,800 SH   SOLE 10,800 0 0
CBL & ASSOC PPTYS INC COM 124830100 358 30,113 SH   SOLE 30,113 0 0
CHESAPEAKE ENERGY CORP COM 165167107 408 98,910 SH   SOLE 98,910 0 0
CHEVRON CORP NEW COM 166764100 1,506 15,790 SH   SOLE 15,790 0 0
CHICAGO BRIDGE & IRON CO N V COM 167250109 2,993 81,793 SH   SOLE 81,793 0 0
CIMAREX ENERGY CO COM 171798101 4,726 48,585 SH   SOLE 48,585 0 0
CISCO SYS INC COM 17275R102 658 23,106 SH   SOLE 23,106 0 0
CLOROX CO DEL COM 189054109 354 2,810 SH   SOLE 2,810 0 0
CNA FINL CORP COM 126117100 1,199 37,263 SH   SOLE 37,263 0 0
COCA COLA CO COM 191216100 3,481 75,043 SH   SOLE 75,043 0 0
CONOCOPHILLIPS COM 20825C104 201 4,990 SH   SOLE 4,990 0 0
CONSOL ENERGY INC COM 20854P109 118 10,450 SH   SOLE 10,450 0 0
CONSOLIDATED TOMOKA LD CO COM 210226106 1,474 31,952 SH   SOLE 31,952 0 0
CORNING INC COM 219350105 510 24,430 SH   SOLE 24,430 0 0
COVANTA HLDG CORP COM 22282E102 679 40,250 SH   SOLE 40,250 0 0
CROSS TIMBERS RTY TR TR UNIT 22757R109 684 44,900 SH   SOLE 44,900 0 0
DEVON ENERGY CORP NEW COM 25179M103 2,719 99,080 SH   SOLE 99,080 0 0
DIAMOND OFFSHORE DRILLING IN COM 25271C102 837 38,496 SH   SOLE 38,496 0 0
DOW CHEM CO COM 260543103 365 7,174 SH   SOLE 7,174 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 1,799 28,414 SH   SOLE 28,414 0 0
EBAY INC COM 278642103 221 9,255 SH   SOLE 9,255 0 0
EDISON INTL COM 281020107 252 3,500 SH   SOLE 3,500 0 0
EMERSON ELEC CO COM 291011104 1,232 22,654 SH   SOLE 22,654 0 0
ENCANA CORP COM 292505104 166 27,300 SH   SOLE 27,300 0 0
ENSCO PLC SHS CLASS A G3157S106 210 20,204 SH   SOLE 20,204 0 0
ENSTAR GROUP LIMITED SHS G3075P101 6,641 40,848 SH   SOLE 40,848 0 0
ENTERGY CORP NEW COM 29364G103 622 7,850 SH   SOLE 7,850 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 203 8,264 SH   SOLE 8,264 0 0
EQT CORP COM 26884L109 262 3,900 SH   SOLE 3,900 0 0
EXPRESS SCRIPTS HLDG CO COM 30219G108 587 8,549 SH   SOLE 8,549 0 0
EXXON MOBIL CORP COM 30231G102 434 5,189 SH   SOLE 5,189 0 0
Fairfax Financial Hldgs Ltd COM 303901102 11,714 20,917 SH   SOLE 20,917 0 0
FORTRESS INVESTMENT GROUP LL CL A 34958B106 442 92,460 SH   SOLE 92,460 0 0
GANNETT CO INC COM 36473H104 1,244 82,165 SH   SOLE 82,165 0 0
GENERAL AMERN INVS INC COM 368802104 4,613 147,725 SH   SOLE 147,725 0 0
GENERAL DYNAMICS CORP COM 369550108 539 4,102 SH   SOLE 4,102 0 0
GENERAL ELECTRIC CO COM 369604103 462 14,521 SH   SOLE 14,521 0 0
GEOSPACE TECHNOLOGIES CORP COM 37364X109 288 23,365 SH   SOLE 23,365 0 0
GOLUB CAP BDC INC COM 38173M102 301 17,400 SH   SOLE 17,400 0 0
GRAHAM HLDGS CO COM 384637104 348 725 SH   SOLE 725 0 0
GRAN TIERRA ENERGY INC COM 38500T101 30 12,000 SH   SOLE 12,000 0 0
GREIF INC CL B 397624206 1,453 31,047 SH   SOLE 31,047 0 0
HALLADOR ENERGY COMPANY COM 40609P105 88 19,170 SH   SOLE 19,170 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 650 14,100 SH   SOLE 14,100 0 0
HELMERICH & PAYNE INC COM 423452101 705 12,000 SH   SOLE 12,000 0 0
IDT CORP CL B NEW 448947507 209 13,419 SH   SOLE 13,419 0 0
INTEL CORP COM 458140100 418 12,931 SH   SOLE 12,931 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 2,360 15,579 SH   SOLE 15,579 0 0
INTL PAPER CO COM 460146103 659 16,052 SH   SOLE 16,052 0 0
INVESTORS BANCORP INC NEW COM 46146L101 121 10,358 SH   SOLE 10,358 0 0
JOHNSON & JOHNSON COM 478160104 3,351 30,969 SH   SOLE 30,969 0 0
KLONDEX MNS LTD COM 498696103 29 11,000 SH   SOLE 11,000 0 0
LENNAR CORP CL B 526057302 808 20,875 SH   SOLE 20,875 0 0
LEUCADIA NATL CORP COM 527288104 7,203 445,456 SH   SOLE 445,456 0 0
LIBERTY BROADBAND CORP COM SER C 530307305 399 6,882 SH   SOLE 6,882 0 0
LIBERTY GLOBAL PLC SHS CL A G5480U104 204 5,304 SH   SOLE 5,304 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 492 13,111 SH   SOLE 13,111 0 0
LIBERTY MEDIA CORP DELAWARE CL A 531229102 423 10,956 SH   SOLE 10,956 0 0
LIBERTY MEDIA CORP DELAWARE COM SER C 531229300 2,897 76,069 SH   SOLE 76,069 0 0
LOEWS CORP COM 540424108 11,309 295,581 SH   SOLE 295,581 0 0
MARATHON OIL CORP COM 565849106 210 18,825 SH   SOLE 18,825 0 0
MARKEL CORP COM 570535104 15,418 17,293 SH   SOLE 17,293 0 0
MARKET VECTORS ETF TR OIL SVCS ETF 57060U191 319 12,000 SH   SOLE 12,000 0 0
MCCLATCHY CO CL A 579489105 26 25,000 SH   SOLE 25,000 0 0
MCDERMOTT INTL INC COM 580037109 170 41,500 SH   SOLE 41,500 0 0
MEDTRONIC PLC SHS G5960L103 400 5,332 SH   SOLE 5,332 0 0
MERCK & CO INC NEW COM 58933Y105 295 5,578 SH   SOLE 5,578 0 0
METLIFE INC COM 59156R108 536 12,205 SH   SOLE 12,205 0 0
MFC BANCORP LTD COM 55278T105 45 22,886 SH   SOLE 22,886 0 0
MICROSOFT CORP COM 594918104 4,408 79,803 SH   SOLE 79,803 0 0
MONMOUTH REAL ESTATE INVT CO CL A 609720107 998 83,928 SH   SOLE 83,928 0 0
NABORS INDUSTRIES LTD SHS G6359F103 523 56,887 SH   SOLE 56,887 0 0
NEW MEDIA INVT GROUP INC COM 64704V106 468 28,106 SH   SOLE 28,106 0 0
NOBLE CORP PLC SHS USD G65431101 399 38,575 SH   SOLE 38,575 0 0
NOVARTIS A G SPONSORED ADR 66987V109 647 8,926 SH   SOLE 8,926 0 0
NOW INC COM 67011P100 899 50,760 SH   SOLE 50,760 0 0
NRG ENERGY INC COM NEW 629377508 138 10,623 SH   SOLE 10,623 0 0
OAK VALLEY BANCORP OAKDALE C COM 671807105 242 26,125 SH   SOLE 26,125 0 0
OAKTREE CAP GROUP LLC UNIT CL A 674001201 296 6,000 SH   SOLE 6,000 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 629 9,188 SH   SOLE 9,188 0 0
OFG BANCORP COM 67103X102 209 29,916 SH   SOLE 29,916 0 0
OMNICOM GROUP INC COM 681919106 200 2,400 SH   SOLE 2,400 0 0
PATTERSON UTI ENERGY INC COM 703481101 620 35,200 SH   SOLE 35,200 0 0
PAYPAL HLDGS INC COM 70450Y103 336 8,703 SH   SOLE 8,703 0 0
PERMIAN BASIN RTY TR UNIT BEN INT 714236106 475 77,150 SH   SOLE 77,150 0 0
PFIZER INC COM 717081103 547 18,444 SH   SOLE 18,444 0 0
PG&E CORP COM 69331C108 221 3,703 SH   SOLE 3,703 0 0
PICO HLDGS INC COM NEW 693366205 1,281 125,260 SH   SOLE 125,260 0 0
PNC FINL SVCS GROUP INC COM 693475105 523 6,190 SH   SOLE 6,190 0 0
PROCTER & GAMBLE CO COM 742718109 470 5,711 SH   SOLE 5,711 0 0
REIS INC COM 75936P105 221 9,400 SH   SOLE 9,400 0 0
RENAISSANCERE HOLDINGS LTD COM G7496G103 240 2,000 SH   SOLE 2,000 0 0
RESOLUTE FST PRODS INC COM 76117W109 71 12,800 SH   SOLE 12,800 0 0
ROYCE GLOBAL VALUE TR INC COM 78081T104 85 11,578 SH   SOLE 11,578 0 0
ROYCE MICRO-CAP TR INC COM 780915104 751 107,238 SH   SOLE 107,238 0 0
ROYCE VALUE TR INC COM 780910105 977 83,405 SH   SOLE 83,405 0 0
RPC INC COM 749660106 5,733 404,267 SH   SOLE 404,267 0 0
SAN JUAN BASIN RTY TR UNIT BEN INT 798241105 723 140,396 SH   SOLE 140,396 0 0
SCRIPPS E W CO OHIO CL A NEW 811054402 640 41,033 SH   SOLE 41,033 0 0
SEMPRA ENERGY COM 816851109 497 4,777 SH   SOLE 4,777 0 0
SNYDERS-LANCE INC COM 833551104 406 12,886 SH   SOLE 12,886 0 0
SOURCE CAP INC COM 836144105 2,070 58,111 SH   SOLE 58,111 0 0
SOUTHERN CO COM 842587107 438 8,466 SH   SOLE 8,466 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 225 1,095 SH   SOLE 1,095 0 0
STARZ COM SER A 85571Q102 280 10,618 SH   SOLE 10,618 0 0
STRAIGHT PATH COMMUNICATNS I CL B 862578101 209 6,721 SH   SOLE 6,721 0 0
SYSCO CORP COM 871829107 845 18,080 SH   SOLE 18,080 0 0
TCW STRATEGIC INCOME FUND IN COM 872340104 281 53,918 SH   SOLE 53,918 0 0
TEGNA INC COM 87901J105 3,847 164,000 SH   SOLE 164,000 0 0
TIDEWATER INC COM 886423102 72 10,600 SH   SOLE 10,600 0 0
TIMMINS GOLD CORP COM 88741P103 2 10,000 SH   SOLE 10,000 0 0
TRI POINTE GROUP INC COM 87265H109 2,196 186,393 SH   SOLE 186,393 0 0
UNITED SECURITY BANCSHARES C COM 911460103 99 20,038 SH   SOLE 20,038 0 0
US BANCORP DEL COM NEW 902973304 876 21,591 SH   SOLE 21,591 0 0
V F CORP COM 918204108 492 7,604 SH   SOLE 7,604 0 0
VANGUARD SPECIALIZED PORTFOL DIV APP ETF 921908844 1,468 18,071 SH   SOLE 18,071 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 737 13,637 SH   SOLE 13,637 0 0
VODAFONE GROUP PLC NEW SPNSR ADR NO PAR 92857W308 784 24,456 SH   SOLE 24,456 0 0
W & T OFFSHORE INC COM 92922P106 22 10,000 SH   SOLE 10,000 0 0
WAL-MART STORES INC COM 931142103 486 7,097 SH   SOLE 7,097 0 0
WATERSTONE FINL INC MD COM 94188P101 145 10,602 SH   SOLE 10,602 0 0
WELLS FARGO & CO NEW COM 949746101 1,307 27,017 SH   SOLE 27,017 0 0
WESTAMERICA BANCORPORATION COM 957090103 4,070 83,563 SH   SOLE 83,563 0 0
WEYERHAEUSER CO COM 962166104 927 29,929 SH   SOLE 29,929 0 0
WHITE MTNS INS GROUP LTD COM G9618E107 25,215 31,416 SH   SOLE 31,416 0 0
WILEY JOHN & SONS INC CL A 968223206 579 11,850 SH   SOLE 11,850 0 0