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 1,557 37,439 SH   SOLE 37,439 0 0
ACCURIDE CORP NEW COM NEW 00439T206 134 35,400 SH   SOLE 35,400 0 0
AIR PRODS & CHEMS INC COM 009158106 526 4,043 SH   SOLE 4,043 0 0
ALLEGHANY CORP DEL COM 017175100 14,182 33,917 SH   SOLE 33,917 0 0
AMERICAN EXPRESS CO COM 025816109 287 3,277 SH   SOLE 3,277 0 0
AMERICAN NATL INS CO COM 028591105 1,261 11,218 SH   SOLE 11,218 0 0
AMGEN INC COM 031162100 840 5,983 SH   SOLE 5,983 0 0
ANNALY CAP MGMT INC COM 035710409 372 34,800 SH   SOLE 34,800 0 0
APACHE CORP COM 037411105 431 4,594 SH   SOLE 4,594 0 0
APPLE INC COM 037833100 807 8,007 SH   SOLE 8,007 0 0
APPLIED MATLS INC COM 038222105 415 19,200 SH   SOLE 19,200 0 0
ARGO GROUP INTL HLDGS LTD COM G0464B107 212 4,211 SH   SOLE 4,211 0 0
AT&T INC COM 00206R102 340 9,646 SH   SOLE 9,646 0 0
ATLAS ENERGY LP COM UNITS LP 04930A104 393 8,925 SH   SOLE 8,925 0 0
ATWOOD OCEANICS INC COM 050095108 1,505 34,445 SH   SOLE 34,445 0 0
AXIALL CORP COM 05463D100 814 22,735 SH   SOLE 22,735 0 0
BANK AMER CORP COM 060505104 418 24,489 SH   SOLE 24,489 0 0
BANK NEW YORK MELLON CORP COM 064058100 3,576 92,334 SH   SOLE 92,334 0 0
BERKLEY W R CORP COM 084423102 11,570 242,046 SH   SOLE 242,046 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 1,655 8 SH   SOLE 8 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 33,956 245,812 SH   SOLE 245,812 0 0
BLACKSTONE GROUP L P COM UNIT LTD 09253U108 601 19,100 SH   SOLE 19,100 0 0
BOARDWALK PIPELINE PARTNERS UT LTD PARTNER 096627104 252 13,501 SH   SOLE 13,501 0 0
BP PLC SPONSORED ADR 055622104 223 5,082 SH   SOLE 5,082 0 0
BROADRIDGE FINL SOLUTIONS IN COM 11133T103 987 23,700 SH   SOLE 23,700 0 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 936 20,820 SH   SOLE 20,820 0 0
CAMECO CORP COM 13321L108 231 13,103 SH   SOLE 13,103 0 0
CAREER EDUCATION CORP COM 141665109 61 12,000 SH   SOLE 12,000 0 0
CATHAY GEN BANCORP COM 149150104 268 10,800 SH   SOLE 10,800 0 0
CHESAPEAKE ENERGY CORP COM 165167107 2,054 89,353 SH   SOLE 89,353 0 0
CHEVRON CORP NEW COM 166764100 1,675 14,038 SH   SOLE 14,038 0 0
CHICAGO BRIDGE & IRON CO N V COM 167250109 1,155 19,970 SH   SOLE 19,970 0 0
CIMAREX ENERGY CO COM 171798101 6,234 49,268 SH   SOLE 49,268 0 0
CISCO SYS INC COM 17275R102 620 24,619 SH   SOLE 24,619 0 0
CLOROX CO DEL COM 189054109 272 2,828 SH   SOLE 2,828 0 0
CNA FINL CORP COM 126117100 1,283 33,728 SH   SOLE 33,728 0 0
COCA COLA CO COM 191216100 3,262 76,455 SH   SOLE 76,455 0 0
CONOCOPHILLIPS COM 20825C104 370 4,836 SH   SOLE 4,836 0 0
CORNING INC COM 219350105 499 25,790 SH   SOLE 25,790 0 0
COVANTA HLDG CORP COM 22282E102 854 40,250 SH   SOLE 40,250 0 0
CROSS TIMBERS RTY TR TR UNIT 22757R109 779 24,494 SH   SOLE 24,494 0 0
DAILY JOURNAL CORP COM 233912104 263 1,458 SH   SOLE 1,458 0 0
DEVON ENERGY CORP NEW COM 25179M103 7,361 107,965 SH   SOLE 107,965 0 0
DIAMOND FOODS INC COM 252603105 370 12,942 SH   SOLE 12,942 0 0
DIAMOND OFFSHORE DRILLING IN COM 25271C102 1,314 38,357 SH   SOLE 38,357 0 0
DIRECTV COM 25490A309 2,958 34,189 SH   SOLE 34,189 0 0
DOW CHEM CO COM 260543103 387 7,374 SH   SOLE 7,374 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 2,039 28,414 SH   SOLE 28,414 0 0
EBAY INC COM 278642103 592 10,455 SH   SOLE 10,455 0 0
EMERSON ELEC CO COM 291011104 329 5,250 SH   SOLE 5,250 0 0
ENCANA CORP COM 292505104 888 41,865 SH   SOLE 41,865 0 0
ENDURO RTY TR TR UNIT 29269K100 137 12,130 SH   SOLE 12,130 0 0
ENSCO PLC SHS CLASS A G3157S106 1,231 29,804 SH   SOLE 29,804 0 0
ENTERGY CORP NEW COM 29364G103 2,976 25,264 SH   SOLE 25,264 0 0
EQT CORP COM 26884L109 357 3,900 SH   SOLE 3,900 0 0
EXCO RESOURCES INC COM 269279402 50 14,875 SH   SOLE 14,875 0 0
EXPRESS SCRIPTS HLDG CO COM 30219G108 656 9,294 SH   SOLE 9,294 0 0
EXXON MOBIL CORP COM 30231G102 396 4,207 SH   SOLE 4,207 0 0
Fairfax Financial Hldgs Ltd COM 303901102 10,498 23,526 SH   SOLE 23,526 0 0
FOREST CITY ENTERPRISES INC CL A 345550107 1,830 93,572 SH   SOLE 93,572 0 0
FORESTAR GROUP INC COM 346233109 205 11,550 SH   SOLE 11,550 0 0
FREEPORT-MCMORAN INC CL B 35671D857 247 7,552 SH   SOLE 7,552 0 0
GANNETT INC COM 364730101 4,889 164,780 SH   SOLE 164,780 0 0
GENERAL AMERN INVS INC COM 368802104 5,696 153,706 SH   SOLE 153,706 0 0
GENERAL DYNAMICS CORP COM 369550108 521 4,100 SH   SOLE 4,100 0 0
GENERAL ELECTRIC CO COM 369604103 343 13,383 SH   SOLE 13,383 0 0
GOLAR LNG LTD BERMUDA SHS G9456A100 518 7,800 SH   SOLE 7,800 0 0
GRAHAM HLDGS CO COM 384637104 525 750 SH   SOLE 750 0 0
GRAN TIERRA ENERGY INC COM 38500T101 66 12,000 SH   SOLE 12,000 0 0
GREIF INC CL B 397624206 883 17,847 SH   SOLE 17,847 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 581 15,600 SH   SOLE 15,600 0 0
HELMERICH & PAYNE INC COM 423452101 1,028 10,500 SH   SOLE 10,500 0 0
HERCULES OFFSHORE INC COM 427093109 25 11,400 SH   SOLE 11,400 0 0
HORSEHEAD HLDG CORP COM 440694305 623 37,705 SH   SOLE 37,705 0 0
HUGOTON RTY TR TEX UNIT BEN INT 444717102 174 19,379 SH   SOLE 19,379 0 0
IDT CORP CL B NEW 448947507 218 13,568 SH   SOLE 13,568 0 0
INTEL CORP COM 458140100 551 15,833 SH   SOLE 15,833 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 980 5,163 SH   SOLE 5,163 0 0
INTL PAPER CO COM 460146103 205 4,302 SH   SOLE 4,302 0 0
INVESTORS BANCORP INC NEW COM 46146L101 163 16,107 SH   SOLE 16,107 0 0
ION GEOPHYSICAL CORP COM 462044108 33 11,900 SH   SOLE 11,900 0 0
JOHNSON & JOHNSON COM 478160104 3,348 31,409 SH   SOLE 31,409 0 0
JOY GLOBAL INC COM 481165108 217 3,983 SH   SOLE 3,983 0 0
LEUCADIA NATL CORP COM 527288104 9,186 385,337 SH   SOLE 385,337 0 0
LIBERTY GLOBAL PLC SHS CL A G5480U104 222 5,226 SH   SOLE 5,226 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 526 12,834 SH   SOLE 12,834 0 0
LIBERTY MEDIA CORP DELAWARE CL A 531229102 524 11,099 SH   SOLE 11,099 0 0
LIBERTY MEDIA CORP DELAWARE COM SER C 531229300 1,017 21,644 SH   SOLE 21,644 0 0
LOEWS CORP COM 540424108 10,956 261,115 SH   SOLE 261,115 0 0
MARKEL CORP COM 570535104 11,306 17,773 SH   SOLE 17,773 0 0
MARKET VECTORS ETF TR OIL SVCS ETF 57060U191 610 12,300 SH   SOLE 12,300 0 0
MATTSON TECHNOLOGY INC COM 577223100 74 30,000 SH   SOLE 30,000 0 0
MCDERMOTT INTL INC COM 580037109 130 22,700 SH   SOLE 22,700 0 0
MEDTRONIC INC COM 585055106 433 6,984 SH   SOLE 6,984 0 0
MERCK & CO INC NEW COM 58933Y105 301 5,074 SH   SOLE 5,074 0 0
MESA RTY TR UNIT BEN INT 590660106 243 6,971 SH   SOLE 6,971 0 0
METLIFE INC COM 59156R108 725 13,505 SH   SOLE 13,505 0 0
MFC INDL LTD COM 55278T105 168 23,636 SH   SOLE 23,636 0 0
MICROSOFT CORP COM 594918104 3,930 84,765 SH   SOLE 84,765 0 0
MONMOUTH REAL ESTATE INVT CO CL A 609720107 553 54,625 SH   SOLE 54,625 0 0
NABORS INDUSTRIES LTD SHS G6359F103 1,711 75,157 SH   SOLE 75,157 0 0
NOBLE CORP PLC SHS USD G65431101 1,229 55,325 SH   SOLE 55,325 0 0
NOVARTIS A G SPONSORED ADR 66987V109 834 8,863 SH   SOLE 8,863 0 0
NRG ENERGY INC COM NEW 629377508 414 13,569 SH   SOLE 13,569 0 0
OAK VALLEY BANCORP OAKDALE C COM 671807105 255 25,425 SH   SOLE 25,425 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 899 9,355 SH   SOLE 9,355 0 0
OFG BANCORP COM 67103X102 462 30,850 SH   SOLE 30,850 0 0
PARAGON OFFSHORE PLC SHS G6S01W108 111 18,086 SH   SOLE 18,086 0 0
PATTERSON UTI ENERGY INC COM 703481101 1,288 39,600 SH   SOLE 39,600 0 0
PERMIAN BASIN RTY TR UNIT BEN INT 714236106 893 65,750 SH   SOLE 65,750 0 0
PFIZER INC COM 717081103 578 19,555 SH   SOLE 19,555 0 0
PG&E CORP COM 69331C108 212 4,703 SH   SOLE 4,703 0 0
PICO HLDGS INC COM NEW 693366205 2,228 111,680 SH   SOLE 111,680 0 0
PIONEER NAT RES CO COM 723787107 217 1,100 SH   SOLE 1,100 0 0
PNC FINL SVCS GROUP INC COM 693475105 530 6,190 SH   SOLE 6,190 0 0
POTASH CORP SASK INC COM 73755L107 314 9,100 SH   SOLE 9,100 0 0
PROCTER & GAMBLE CO COM 742718109 411 4,912 SH   SOLE 4,912 0 0
REIS INC COM 75936P105 222 9,400 SH   SOLE 9,400 0 0
RESOLUTE FST PRODS INC COM 76117W109 204 13,038 SH   SOLE 13,038 0 0
ROYCE FOCUS TR COM 78080N108 164 20,807 SH   SOLE 20,807 0 0
ROYCE GLOBAL VALUE TR INC COM 78081T104 101 11,653 SH   SOLE 11,653 0 0
ROYCE MICRO-CAP TR INC COM 780915104 1,385 117,703 SH   SOLE 117,703 0 0
ROYCE VALUE TR INC COM 780910105 1,207 83,267 SH   SOLE 83,267 0 0
RPC INC COM 749660106 8,905 405,520 SH   SOLE 405,520 0 0
SAN JUAN BASIN RTY TR UNIT BEN INT 798241105 2,431 127,951 SH   SOLE 127,951 0 0
SCRIPPS E W CO OHIO CL A NEW 811054402 702 43,033 SH   SOLE 43,033 0 0
SEMPRA ENERGY COM 816851109 482 4,577 SH   SOLE 4,577 0 0
SOURCE CAP INC COM 836144105 3,065 47,160 SH   SOLE 47,160 0 0
SOUTHERN CO COM 842587107 370 8,466 SH   SOLE 8,466 0 0
STARZ COM SER A 85571Q102 374 11,201 SH   SOLE 11,201 0 0
SYSCO CORP COM 871829107 740 19,124 SH   SOLE 19,124 0 0
TCW STRATEGIC INCOME FUND IN COM 872340104 304 53,918 SH   SOLE 53,918 0 0
TIMMINS GOLD CORP COM 88741P103 13 10,000 SH   SOLE 10,000 0 0
TRI POINTE HOMES INC COM 87265H109 1,297 100,222 SH   SOLE 100,222 0 0
UNITED SECURITY BANCSHARES C COM 911460103 91 16,367 SH   SOLE 16,367 0 0
US BANCORP DEL COM NEW 902973304 903 21,591 SH   SOLE 21,591 0 0
V F CORP COM 918204108 541 8,200 SH   SOLE 8,200 0 0
VANGUARD SPECIALIZED PORTFOL DIV APP ETF 921908844 704 9,150 SH   SOLE 9,150 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 767 15,351 SH   SOLE 15,351 0 0
VODAFONE GROUP PLC NEW SPNSR ADR NO PAR 92857W308 1,009 30,666 SH   SOLE 30,666 0 0
WAL-MART STORES INC COM 931142103 520 6,795 SH   SOLE 6,795 0 0
WATERSTONE FINL INC MD COM 94188P101 166 14,393 SH   SOLE 14,393 0 0
WELLS FARGO & CO NEW COM 949746101 1,344 25,914 SH   SOLE 25,914 0 0
WESTAMERICA BANCORPORATION COM 957090103 3,864 83,054 SH   SOLE 83,054 0 0
WEYERHAEUSER CO COM 962166104 989 31,038 SH   SOLE 31,038 0 0
WHITE MTNS INS GROUP LTD COM G9618E107 18,116 28,752 SH   SOLE 28,752 0 0
WILEY JOHN & SONS INC CL A 968223206 699 12,450 SH   SOLE 12,450 0 0