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 1,689 34,405 SH   SOLE 34,405 0 0
ACCURIDE CORP NEW COM NEW 00439T206 129 33,400 SH   SOLE 33,400 0 0
AIR PRODS & CHEMS INC COM 009158106 561 4,102 SH   SOLE 4,102 0 0
ALLEGHANY CORP DEL COM 017175100 16,438 35,068 SH   SOLE 35,068 0 0
AMERICAN EXPRESS CO COM 025816109 255 3,277 SH   SOLE 3,277 0 0
AMERICAN NATL INS CO COM 028591105 1,611 15,746 SH   SOLE 15,746 0 0
AMGEN INC COM 031162100 873 5,686 SH   SOLE 5,686 0 0
ANNALY CAP MGMT INC COM 035710409 309 33,600 SH   SOLE 33,600 0 0
APACHE CORP COM 037411105 265 4,594 SH   SOLE 4,594 0 0
APPLE INC COM 037833100 1,134 9,039 SH   SOLE 9,039 0 0
APPLIED MATLS INC COM 038222105 374 19,434 SH   SOLE 19,434 0 0
ARGO GROUP INTL HLDGS LTD COM G0464B107 238 4,269 SH   SOLE 4,269 0 0
AT&T INC COM 00206R102 450 12,682 SH   SOLE 12,682 0 0
ATWOOD OCEANICS INC COM 050095108 988 37,370 SH   SOLE 37,370 0 0
AXIALL CORP COM 05463D100 701 19,455 SH   SOLE 19,455 0 0
BANK AMER CORP COM 060505104 417 24,477 SH   SOLE 24,477 0 0
BANK NEW YORK MELLON CORP COM 064058100 3,810 90,784 SH   SOLE 90,784 0 0
BERKLEY W R CORP COM 084423102 12,331 237,464 SH   SOLE 237,464 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 1,639 8 SH   SOLE 8 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 33,525 246,310 SH   SOLE 246,310 0 0
BIOGEN INC COM 09062X103 231 573 SH   SOLE 573 0 0
BLACKSTONE GROUP L P COM UNIT LTD 09253U108 822 20,104 SH   SOLE 20,104 0 0
BOARDWALK PIPELINE PARTNERS UT LTD PARTNER 096627104 472 32,501 SH   SOLE 32,501 0 0
BP PLC SPONSORED ADR 055622104 204 5,102 SH   SOLE 5,102 0 0
BROADRIDGE FINL SOLUTIONS IN COM 11133T103 1,185 23,700 SH   SOLE 23,700 0 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 1,077 30,847 SH   SOLE 30,847 0 0
CALIFORNIA RES CORP COM 13057Q107 707 117,007 SH   SOLE 117,007 0 0
CAMECO CORP COM 13321L108 187 13,103 SH   SOLE 13,103 0 0
CATHAY GEN BANCORP COM 149150104 350 10,800 SH   SOLE 10,800 0 0
CHESAPEAKE ENERGY CORP COM 165167107 1,457 130,406 SH   SOLE 130,406 0 0
CHEVRON CORP NEW COM 166764100 1,416 14,678 SH   SOLE 14,678 0 0
CHICAGO BRIDGE & IRON CO N V COM 167250109 3,302 65,980 SH   SOLE 65,980 0 0
CIMAREX ENERGY CO COM 171798101 5,400 48,951 SH   SOLE 48,951 0 0
CISCO SYS INC COM 17275R102 660 24,019 SH   SOLE 24,019 0 0
CLOROX CO DEL COM 189054109 294 2,828 SH   SOLE 2,828 0 0
CNA FINL CORP COM 126117100 1,340 35,078 SH   SOLE 35,078 0 0
COCA COLA CO COM 191216100 2,957 75,379 SH   SOLE 75,379 0 0
CONOCOPHILLIPS COM 20825C104 306 4,987 SH   SOLE 4,987 0 0
CORNING INC COM 219350105 502 25,460 SH   SOLE 25,460 0 0
COVANTA HLDG CORP COM 22282E102 853 40,250 SH   SOLE 40,250 0 0
CROSS TIMBERS RTY TR TR UNIT 22757R109 665 40,300 SH   SOLE 40,300 0 0
DEVON ENERGY CORP NEW COM 25179M103 6,343 106,617 SH   SOLE 106,617 0 0
DIAMOND FOODS INC COM 252603105 406 12,945 SH   SOLE 12,945 0 0
DIAMOND OFFSHORE DRILLING IN COM 25271C102 1,026 39,742 SH   SOLE 39,742 0 0
DIRECTV COM 25490A309 3,176 34,227 SH   SOLE 34,227 0 0
DOW CHEM CO COM 260543103 377 7,374 SH   SOLE 7,374 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 1,817 28,414 SH   SOLE 28,414 0 0
EBAY INC COM 278642103 576 9,555 SH   SOLE 9,555 0 0
EMERSON ELEC CO COM 291011104 330 5,950 SH   SOLE 5,950 0 0
ENCANA CORP COM 292505104 378 34,300 SH   SOLE 34,300 0 0
ENSCO PLC SHS CLASS A G3157S106 642 28,831 SH   SOLE 28,831 0 0
ENTERGY CORP NEW COM 29364G103 4,961 36,298 SH   SOLE 36,298 0 0
EQT CORP COM 26884L109 317 3,900 SH   SOLE 3,900 0 0
EXCO RESOURCES INC COM 269279402 15 12,500 SH   SOLE 12,500 0 0
EXPRESS SCRIPTS HLDG CO COM 30219G108 805 9,049 SH   SOLE 9,049 0 0
EXXON MOBIL CORP COM 30231G102 365 4,384 SH   SOLE 4,384 0 0
Fairfax Financial Hldgs Ltd COM 303901102 10,415 21,082 SH   SOLE 21,082 0 0
FOREST CITY ENTERPRISES INC CL A 345550107 2,221 100,518 SH   SOLE 100,518 0 0
FORESTAR GROUP INC COM 346233109 154 11,675 SH   SOLE 11,675 0 0
FORTRESS INVESTMENT GROUP LL CL A 34958B106 225 30,800 SH   SOLE 30,800 0 0
GENERAL AMERN INVS INC COM 368802104 5,256 151,004 SH   SOLE 151,004 0 0
GENERAL DYNAMICS CORP COM 369550108 581 4,100 SH   SOLE 4,100 0 0
GENERAL ELECTRIC CO COM 369604103 365 13,730 SH   SOLE 13,730 0 0
GOLAR LNG LTD BERMUDA SHS G9456A100 365 7,800 SH   SOLE 7,800 0 0
GOLUB CAP BDC INC COM 38173M102 288 17,400 SH   SOLE 17,400 0 0
GRAHAM HLDGS CO COM 384637104 779 725 SH   SOLE 725 0 0
GRAN TIERRA ENERGY INC COM 38500T101 36 12,000 SH   SOLE 12,000 0 0
GREIF INC CL B 397624206 1,302 32,147 SH   SOLE 32,147 0 0
HARMAN INTL INDS INC COM 413086109 238 2,000 SH   SOLE 2,000 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 586 14,100 SH   SOLE 14,100 0 0
HELMERICH & PAYNE INC COM 423452101 739 10,500 SH   SOLE 10,500 0 0
HERCULES OFFSHORE INC COM 427093109 2 10,400 SH   SOLE 10,400 0 0
HORSEHEAD HLDG CORP COM 440694305 806 68,755 SH   SOLE 68,755 0 0
IAMGOLD CORP COM 450913108 32 16,150 SH   SOLE 16,150 0 0
IDT CORP CL B NEW 448947507 243 13,414 SH   SOLE 13,414 0 0
INTEL CORP COM 458140100 483 15,885 SH   SOLE 15,885 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 2,096 12,885 SH   SOLE 12,885 0 0
INTL PAPER CO COM 460146103 205 4,302 SH   SOLE 4,302 0 0
INVESTORS BANCORP INC NEW COM 46146L101 141 11,453 SH   SOLE 11,453 0 0
ION GEOPHYSICAL CORP COM 462044108 13 11,900 SH   SOLE 11,900 0 0
JOHNSON & JOHNSON COM 478160104 3,081 31,616 SH   SOLE 31,616 0 0
LENNAR CORP CL B 526057302 866 20,075 SH   SOLE 20,075 0 0
LEUCADIA NATL CORP COM 527288104 10,000 411,855 SH   SOLE 411,855 0 0
LIBERTY BROADBAND CORP COM SER C 530307305 357 6,981 SH   SOLE 6,981 0 0
LIBERTY GLOBAL PLC SHS CL A G5480U104 289 5,354 SH   SOLE 5,354 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 664 13,111 SH   SOLE 13,111 0 0
LIBERTY MEDIA CORP DELAWARE CL A 531229102 398 11,037 SH   SOLE 11,037 0 0
LIBERTY MEDIA CORP DELAWARE COM SER C 531229300 1,403 39,087 SH   SOLE 39,087 0 0
LOEWS CORP COM 540424108 10,902 280,962 SH   SOLE 280,962 0 0
MARKEL CORP COM 570535104 14,106 17,617 SH   SOLE 17,617 0 0
MARKET VECTORS ETF TR OIL SVCS ETF 57060U191 429 12,300 SH   SOLE 12,300 0 0
MCCLATCHY CO CL A 579489105 27 25,000 SH   SOLE 25,000 0 0
MCDERMOTT INTL INC COM 580037109 222 41,500 SH   SOLE 41,500 0 0
MERCK & CO INC NEW COM 58933Y105 328 5,761 SH   SOLE 5,761 0 0
METLIFE INC COM 59156R108 756 13,505 SH   SOLE 13,505 0 0
MFC INDL LTD COM 55278T105 94 23,261 SH   SOLE 23,261 0 0
MICROSOFT CORP COM 594918104 3,665 83,002 SH   SOLE 83,002 0 0
MONMOUTH REAL ESTATE INVT CO CL A 609720107 558 57,450 SH   SOLE 57,450 0 0
NABORS INDUSTRIES LTD SHS G6359F103 995 68,987 SH   SOLE 68,987 0 0
NOBLE CORP PLC SHS USD G65431101 622 40,425 SH   SOLE 40,425 0 0
NOVARTIS A G SPONSORED ADR 66987V109 878 8,924 SH   SOLE 8,924 0 0
NOW INC COM 67011P100 480 24,100 SH   SOLE 24,100 0 0
NRG ENERGY INC COM NEW 629377508 282 12,336 SH   SOLE 12,336 0 0
OAK VALLEY BANCORP OAKDALE C COM 671807105 251 25,425 SH   SOLE 25,425 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 713 9,165 SH   SOLE 9,165 0 0
OFG BANCORP COM 67103X102 329 30,850 SH   SOLE 30,850 0 0
PARAGON OFFSHORE PLC SHS G6S01W108 12 11,143 SH   SOLE 11,143 0 0
PATTERSON UTI ENERGY INC COM 703481101 745 39,600 SH   SOLE 39,600 0 0
PERMIAN BASIN RTY TR UNIT BEN INT 714236106 610 75,650 SH   SOLE 75,650 0 0
PFIZER INC COM 717081103 687 20,484 SH   SOLE 20,484 0 0
PICO HLDGS INC COM NEW 693366205 1,801 122,361 SH   SOLE 122,361 0 0
PNC FINL SVCS GROUP INC COM 693475105 592 6,190 SH   SOLE 6,190 0 0
POTASH CORP SASK INC COM 73755L107 269 8,700 SH   SOLE 8,700 0 0
PROCTER & GAMBLE CO COM 742718109 433 5,538 SH   SOLE 5,538 0 0
REIS INC COM 75936P105 208 9,400 SH   SOLE 9,400 0 0
RENAISSANCERE HOLDINGS LTD COM G7496G103 203 2,000 SH   SOLE 2,000 0 0
RESOLUTE FST PRODS INC COM 76117W109 144 12,800 SH   SOLE 12,800 0 0
ROYCE GLOBAL VALUE TR INC COM 78081T104 99 11,861 SH   SOLE 11,861 0 0
ROYCE MICRO-CAP TR INC COM 780915104 1,031 111,838 SH   SOLE 111,838 0 0
ROYCE VALUE TR INC COM 780910105 1,160 84,129 SH   SOLE 84,129 0 0
RPC INC COM 749660106 5,591 404,267 SH   SOLE 404,267 0 0
SAN JUAN BASIN RTY TR UNIT BEN INT 798241105 1,473 137,124 SH   SOLE 137,124 0 0
SCRIPPS E W CO OHIO CL A NEW 811054402 938 41,033 SH   SOLE 41,033 0 0
SEMPRA ENERGY COM 816851109 463 4,677 SH   SOLE 4,677 0 0
SOURCE CAP INC COM 836144105 3,509 48,246 SH   SOLE 48,246 0 0
SOUTHERN CO COM 842587107 355 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 480 10,734 SH   SOLE 10,734 0 0
STRAIGHT PATH COMMUNICATNS I CL B 862578101 223 6,807 SH   SOLE 6,807 0 0
SYSCO CORP COM 871829107 655 18,150 SH   SOLE 18,150 0 0
TCW STRATEGIC INCOME FUND IN COM 872340104 278 53,918 SH   SOLE 53,918 0 0
TEGNA INC COM 87901J105 5,270 164,330 SH   SOLE 164,330 0 0
TIMMINS GOLD CORP COM 88741P103 6 10,000 SH   SOLE 10,000 0 0
TRI POINTE HOMES INC COM 87265H109 2,371 154,951 SH   SOLE 154,951 0 0
UNITED SECURITY BANCSHARES C COM 911460103 85 16,858 SH   SOLE 16,858 0 0
US BANCORP DEL COM NEW 902973304 937 21,591 SH   SOLE 21,591 0 0
V F CORP COM 918204108 530 7,600 SH   SOLE 7,600 0 0
VANGUARD SPECIALIZED PORTFOL DIV APP ETF 921908844 1,372 17,455 SH   SOLE 17,455 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 753 16,155 SH   SOLE 16,155 0 0
VODAFONE GROUP PLC NEW SPNSR ADR NO PAR 92857W308 1,099 30,159 SH   SOLE 30,159 0 0
WAL-MART STORES INC COM 931142103 503 7,095 SH   SOLE 7,095 0 0
WATERSTONE FINL INC MD COM 94188P101 149 11,302 SH   SOLE 11,302 0 0
WELLS FARGO & CO NEW COM 949746101 1,525 27,119 SH   SOLE 27,119 0 0
WESTAMERICA BANCORPORATION COM 957090103 4,206 83,034 SH   SOLE 83,034 0 0
WEYERHAEUSER CO COM 962166104 966 30,680 SH   SOLE 30,680 0 0
WHITE MTNS INS GROUP LTD COM G9618E107 19,919 30,413 SH   SOLE 30,413 0 0
WILEY JOHN & SONS INC CL A 968223206 677 12,450 SH   SOLE 12,450 0 0