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 1,344 34,194 SH   SOLE 34,194 0 0
ABERDEEN LATIN AMER EQTY FD COM 00306K106 295 14,642 SH   SOLE 14,642 0 0
ACCURIDE CORP NEW COM NEW 00439T206 49 39,400 SH   SOLE 39,400 0 0
AIR PRODS & CHEMS INC COM 009158106 549 3,862 SH   SOLE 3,862 0 0
ALLEGHANY CORP DEL COM 017175100 21,031 38,267 SH   SOLE 38,267 0 0
AMERICAN CAP LTD COM 02503Y103 231 14,616 SH   SOLE 14,616 0 0
AMERICAN EXPRESS CO COM 025816109 566 9,314 SH   SOLE 9,314 0 0
AMERICAN NATL INS CO COM 028591105 1,706 15,078 SH   SOLE 15,078 0 0
AMGEN INC COM 031162100 868 5,707 SH   SOLE 5,707 0 0
ANIXTER INTL INC COM 035290105 213 4,000 SH   SOLE 4,000 0 0
ANNALY CAP MGMT INC COM 035710409 372 33,600 SH   SOLE 33,600 0 0
APACHE CORP COM 037411105 256 4,594 SH   SOLE 4,594 0 0
APPLE INC COM 037833100 1,063 11,124 SH   SOLE 11,124 0 0
APPLIED MATLS INC COM 038222105 418 17,434 SH   SOLE 17,434 0 0
ARGO GROUP INTL HLDGS LTD COM G0464B107 243 4,679 SH   SOLE 4,679 0 0
AT&T INC COM 00206R102 1,630 37,730 SH   SOLE 37,730 0 0
ATWOOD OCEANICS INC COM 050095108 217 17,345 SH   SOLE 17,345 0 0
BANK AMER CORP COM 060505104 333 25,071 SH   SOLE 25,071 0 0
BANK NEW YORK MELLON CORP COM 064058100 3,464 89,171 SH   SOLE 89,171 0 0
BERKLEY W R CORP COM 084423102 13,887 231,759 SH   SOLE 231,759 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 1,736 8 SH   SOLE 8 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 40,458 279,428 SH   SOLE 279,428 0 0
BLACKSTONE GROUP L P COM UNIT LTD 09253U108 454 18,500 SH   SOLE 18,500 0 0
BLACKSTONE MTG TR INC COM CL A 09257W100 403 14,575 SH   SOLE 14,575 0 0
BOARDWALK PIPELINE PARTNERS UT LTD PARTNER 096627104 1,454 83,339 SH   SOLE 83,339 0 0
BROADRIDGE FINL SOLUTIONS IN COM 11133T103 1,480 22,700 SH   SOLE 22,700 0 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 973 29,421 SH   SOLE 29,421 0 0
CABLE ONE INC COM 12685J105 371 725 SH   SOLE 725 0 0
CAMECO CORP COM 13321L108 133 12,103 SH   SOLE 12,103 0 0
CATHAY GEN BANCORP COM 149150104 305 10,800 SH   SOLE 10,800 0 0
CHESAPEAKE ENERGY CORP COM 165167107 115 26,875 SH   SOLE 26,875 0 0
CHEVRON CORP NEW COM 166764100 1,655 15,790 SH   SOLE 15,790 0 0
CHICAGO BRIDGE & IRON CO N V COM 167250109 2,881 83,193 SH   SOLE 83,193 0 0
CIMAREX ENERGY CO COM 171798101 5,770 48,361 SH   SOLE 48,361 0 0
CISCO SYS INC COM 17275R102 663 23,106 SH   SOLE 23,106 0 0
CLOROX CO DEL COM 189054109 372 2,685 SH   SOLE 2,685 0 0
CNA FINL CORP COM 126117100 1,514 48,201 SH   SOLE 48,201 0 0
COCA COLA CO COM 191216100 2,140 47,200 SH   SOLE 47,200 0 0
COMCAST CORP NEW CL A 20030N101 201 3,083 SH   SOLE 3,083 0 0
CONOCOPHILLIPS COM 20825C104 893 20,480 SH   SOLE 20,480 0 0
CONSOL ENERGY INC COM 20854P109 168 10,450 SH   SOLE 10,450 0 0
CONSOLIDATED TOMOKA LD CO COM 210226106 1,623 34,182 SH   SOLE 34,182 0 0
CORNING INC COM 219350105 498 24,330 SH   SOLE 24,330 0 0
COVANTA HLDG CORP COM 22282E102 662 40,250 SH   SOLE 40,250 0 0
CROSS TIMBERS RTY TR TR UNIT 22757R109 814 44,900 SH   SOLE 44,900 0 0
DAILY JOURNAL CORP COM 233912104 211 889 SH   SOLE 889 0 0
DEVON ENERGY CORP NEW COM 25179M103 3,531 97,409 SH   SOLE 97,409 0 0
DIAMOND OFFSHORE DRILLING IN COM 25271C102 929 38,196 SH   SOLE 38,196 0 0
DORCHESTER MINERALS LP COM UNIT 25820R105 241 16,716 SH   SOLE 16,716 0 0
DOW CHEM CO COM 260543103 357 7,174 SH   SOLE 7,174 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 1,841 28,414 SH   SOLE 28,414 0 0
EBAY INC COM 278642103 217 9,255 SH   SOLE 9,255 0 0
EDISON INTL COM 281020107 272 3,500 SH   SOLE 3,500 0 0
EMERSON ELEC CO COM 291011104 1,440 27,610 SH   SOLE 27,610 0 0
ENCANA CORP COM 292505104 203 26,100 SH   SOLE 26,100 0 0
ENSCO PLC SHS CLASS A G3157S106 196 20,205 SH   SOLE 20,205 0 0
ENSTAR GROUP LIMITED SHS G3075P101 8,503 52,492 SH   SOLE 52,492 0 0
ENTERGY CORP NEW COM 29364G103 639 7,850 SH   SOLE 7,850 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 242 8,265 SH   SOLE 8,265 0 0
EQT CORP COM 26884L109 302 3,900 SH   SOLE 3,900 0 0
EXPRESS SCRIPTS HLDG CO COM 30219G108 648 8,549 SH   SOLE 8,549 0 0
EXXON MOBIL CORP COM 30231G102 508 5,414 SH   SOLE 5,414 0 0
Fairfax Financial Hldgs Ltd COM 303901102 11,240 20,853 SH   SOLE 20,853 0 0
FORTRESS INVESTMENT GROUP LL CL A 34958B106 440 99,460 SH   SOLE 99,460 0 0
GANNETT CO INC COM 36473H104 1,124 81,415 SH   SOLE 81,415 0 0
GENERAL AMERN INVS INC COM 368802104 4,614 149,722 SH   SOLE 149,722 0 0
GENERAL DYNAMICS CORP COM 369550108 571 4,102 SH   SOLE 4,102 0 0
GENERAL ELECTRIC CO COM 369604103 457 14,522 SH   SOLE 14,522 0 0
GEOSPACE TECHNOLOGIES CORP COM 37364X109 534 32,595 SH   SOLE 32,595 0 0
GOLUB CAP BDC INC COM 38173M102 314 17,400 SH   SOLE 17,400 0 0
GRAHAM HLDGS CO COM 384637104 355 725 SH   SOLE 725 0 0
GRAN TIERRA ENERGY INC COM 38500T101 41 12,000 SH   SOLE 12,000 0 0
GREIF INC CL B 397624206 1,700 31,047 SH   SOLE 31,047 0 0
HALLADOR ENERGY COMPANY COM 40609P105 89 19,170 SH   SOLE 19,170 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 537 12,100 SH   SOLE 12,100 0 0
HELMERICH & PAYNE INC COM 423452101 806 12,000 SH   SOLE 12,000 0 0
IDT CORP CL B NEW 448947507 190 13,422 SH   SOLE 13,422 0 0
INTEL CORP COM 458140100 402 12,245 SH   SOLE 12,245 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 2,348 15,472 SH   SOLE 15,472 0 0
INTL PAPER CO COM 460146103 680 16,052 SH   SOLE 16,052 0 0
JOHNSON & JOHNSON COM 478160104 3,744 30,866 SH   SOLE 30,866 0 0
KLONDEX MNS LTD COM 498696103 40 11,000 SH   SOLE 11,000 0 0
LENNAR CORP CL B 526057302 778 20,875 SH   SOLE 20,875 0 0
LEUCADIA NATL CORP COM 527288104 8,194 472,844 SH   SOLE 472,844 0 0
LIBERTY BROADBAND CORP COM SER C 530307305 412 6,869 SH   SOLE 6,869 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 376 13,111 SH   SOLE 13,111 0 0
LIBERTY MEDIA CORP DELAWARE COM A SIRIUSXM 531229409 344 10,956 SH   SOLE 10,956 0 0
LIBERTY MEDIA CORP DELAWARE COM C BRAVES GRP 531229888 188 12,852 SH   SOLE 12,852 0 0
LIBERTY MEDIA CORP DELAWARE COM C SIRIUSXM 531229607 2,348 76,069 SH   SOLE 76,069 0 0
LOEWS CORP COM 540424108 12,332 300,121 SH   SOLE 300,121 0 0
MARATHON OIL CORP COM 565849106 686 45,725 SH   SOLE 45,725 0 0
MARKEL CORP COM 570535104 16,325 17,134 SH   SOLE 17,134 0 0
MCDERMOTT INTL INC COM 580037109 122 24,600 SH   SOLE 24,600 0 0
Medtronic Inc COM 585055106 463 5,332 SH   SOLE 5,332 0 0
MERCK & CO INC COM 58933Y105 322 5,584 SH   SOLE 5,584 0 0
METHANEX CORP COM 59151K108 271 9,300 SH   SOLE 9,300 0 0
METLIFE INC COM 59156R108 486 12,205 SH   SOLE 12,205 0 0
MFC BANCORP LTD COM 55278T105 73 33,411 SH   SOLE 33,411 0 0
MICROSOFT CORP COM 594918104 4,063 79,403 SH   SOLE 79,403 0 0
MONMOUTH REAL ESTATE INVT CO CL A 609720107 1,108 83,578 SH   SOLE 83,578 0 0
NABORS INDUSTRIES LTD SHS G6359F103 105 10,400 SH   SOLE 10,400 0 0
NEW MEDIA INVT GROUP INC COM 64704V106 508 28,106 SH   SOLE 28,106 0 0
NOBLE CORP PLC SHS USD G65431101 314 38,075 SH   SOLE 38,075 0 0
NOVARTIS A G SPONSORED ADR 66987V109 736 8,926 SH   SOLE 8,926 0 0
NOW INC COM 67011P100 1,010 55,685 SH   SOLE 55,685 0 0
NRG ENERGY INC COM NEW 629377508 154 10,279 SH   SOLE 10,279 0 0
OAK VALLEY BANCORP OAKDALE C COM 671807105 255 26,125 SH   SOLE 26,125 0 0
OAKTREE CAP GROUP LLC UNIT CL A 674001201 568 12,700 SH   SOLE 12,700 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 695 9,195 SH   SOLE 9,195 0 0
OFG BANCORP COM 67103X102 248 29,916 SH   SOLE 29,916 0 0
PATTERSON UTI ENERGY INC COM 703481101 750 35,200 SH   SOLE 35,200 0 0
PAYPAL HLDGS INC COM 70450Y103 318 8,703 SH   SOLE 8,703 0 0
PERMIAN BASIN RTY TR UNIT BEN INT 714236106 566 77,150 SH   SOLE 77,150 0 0
PFIZER INC COM 717081103 649 18,444 SH   SOLE 18,444 0 0
PG&E CORP COM 69331C108 237 3,703 SH   SOLE 3,703 0 0
PICO HLDGS INC COM NEW 693366205 1,175 124,217 SH   SOLE 124,217 0 0
PNC FINL SVCS GROUP INC COM 693475105 504 6,190 SH   SOLE 6,190 0 0
PROCTER & GAMBLE CO COM 742718109 471 5,557 SH   SOLE 5,557 0 0
REIS INC COM 75936P105 234 9,400 SH   SOLE 9,400 0 0
RENAISSANCERE HOLDINGS LTD COM G7496G103 235 2,000 SH   SOLE 2,000 0 0
RESOLUTE FST PRODS INC COM 76117W109 68 12,800 SH   SOLE 12,800 0 0
ROYCE GLOBAL VALUE TR INC COM 78081T104 85 11,171 SH   SOLE 11,171 0 0
ROYCE MICRO-CAP TR INC COM 780915104 787 107,238 SH   SOLE 107,238 0 0
ROYCE VALUE TR INC COM 780910105 977 83,015 SH   SOLE 83,015 0 0
RPC INC COM 749660106 6,264 403,367 SH   SOLE 403,367 0 0
SABINE ROYALTY TR UNIT BEN INT 785688102 296 8,847 SH   SOLE 8,847 0 0
SAN JUAN BASIN RTY TR UNIT BEN INT 798241105 1,044 143,616 SH   SOLE 143,616 0 0
SCRIPPS E W CO OHIO CL A NEW 811054402 612 38,633 SH   SOLE 38,633 0 0
SEMPRA ENERGY COM 816851109 545 4,777 SH   SOLE 4,777 0 0
SNYDERS-LANCE INC COM 833551104 437 12,886 SH   SOLE 12,886 0 0
SOURCE CAP INC COM 836144105 1,952 52,919 SH   SOLE 52,919 0 0
SOUTHERN CO COM 842587107 454 8,466 SH   SOLE 8,466 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 229 1,095 SH   SOLE 1,095 0 0
STARZ COM SER A 85571Q102 317 10,598 SH   SOLE 10,598 0 0
SYSCO CORP COM 871829107 917 18,080 SH   SOLE 18,080 0 0
TCW STRATEGIC INCOME FUND IN COM 872340104 321 58,918 SH   SOLE 58,918 0 0
TEGNA INC COM 87901J105 3,764 162,450 SH   SOLE 162,450 0 0
TIDEWATER INC COM 886423102 47 10,600 SH   SOLE 10,600 0 0
TIMMINS GOLD CORP COM 88741P103 4 10,000 SH   SOLE 10,000 0 0
TOTAL S A SPONSORED ADR 89151E109 253 5,261 SH   SOLE 5,261 0 0
TRI POINTE GROUP INC COM 87265H109 2,448 207,139 SH   SOLE 207,139 0 0
UNITED SECURITY BANCSHARES C COM 911460103 130 20,237 SH   SOLE 20,237 0 0
US BANCORP DEL COM NEW 902973304 871 21,591 SH   SOLE 21,591 0 0
V F CORP COM 918204108 468 7,604 SH   SOLE 7,604 0 0
VANGUARD SPECIALIZED PORTFOL DIV APP ETF 921908844 1,862 22,371 SH   SOLE 22,371 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 737 13,190 SH   SOLE 13,190 0 0
VODAFONE GROUP PLC NEW SPNSR ADR 92857W308 739 23,911 SH   SOLE 23,911 0 0
W & T OFFSHORE INC COM 92922P106 23 10,000 SH   SOLE 10,000 0 0
WAL-MART STORES INC COM 931142103 488 6,680 SH   SOLE 6,680 0 0
WELLS FARGO & CO NEW COM 949746101 1,279 27,017 SH   SOLE 27,017 0 0
WESTAMERICA BANCORPORATION COM 957090103 4,113 83,498 SH   SOLE 83,498 0 0
WEYERHAEUSER CO COM 962166104 862 28,971 SH   SOLE 28,971 0 0
WHITE MTNS INS GROUP LTD COM G9618E107 26,129 31,032 SH   SOLE 31,032 0 0
WILEY JOHN & SONS INC CL A 968223206 618 11,850 SH   SOLE 11,850 0 0