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 1,532 37,464 SH   SOLE 37,464 0 0
ACCURIDE CORP NEW COM NEW 00439T206 144 29,400 SH   SOLE 29,400 0 0
AIR PRODS & CHEMS INC COM 009158106 520 4,043 SH   SOLE 4,043 0 0
ALLEGHANY CORP DEL COM 017175100 14,422 32,919 SH   SOLE 32,919 0 0
AMERICAN EXPRESS CO COM 025816109 276 2,907 SH   SOLE 2,907 0 0
AMERICAN NATL INS CO COM 028591105 1,207 10,573 SH   SOLE 10,573 0 0
AMGEN INC COM 031162100 708 5,982 SH   SOLE 5,982 0 0
ANNALY CAP MGMT INC COM 035710409 398 34,800 SH   SOLE 34,800 0 0
APACHE CORP COM 037411105 462 4,594 SH   SOLE 4,594 0 0
APPLE INC COM 037833100 749 8,064 SH   SOLE 8,064 0 0
APPLIED MATLS INC COM 038222105 433 19,200 SH   SOLE 19,200 0 0
ARGO GROUP INTL HLDGS LTD COM G0464B107 215 4,211 SH   SOLE 4,211 0 0
ATLAS ENERGY LP COM UNITS LP 04930A104 395 8,800 SH   SOLE 8,800 0 0
ATWOOD OCEANICS INC COM 050095108 1,813 34,545 SH   SOLE 34,545 0 0
AXIALL CORP COM 05463D100 1,075 22,735 SH   SOLE 22,735 0 0
BANK NEW YORK MELLON CORP COM 064058100 3,468 92,534 SH   SOLE 92,534 0 0
BANK OF AMERICA CORPORATION COM 060505104 320 20,791 SH   SOLE 20,791 0 0
BERKLEY W R CORP COM 084423102 11,253 242,993 SH   SOLE 242,993 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 1,519 8 SH   SOLE 8 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 30,874 243,944 SH   SOLE 243,944 0 0
BLACKSTONE GROUP L P COM UNIT LTD 09253U108 612 18,300 SH   SOLE 18,300 0 0
BOARDWALK PIPELINE PARTNERS UT LTD PARTNER 096627104 287 15,501 SH   SOLE 15,501 0 0
BP PLC SPONSORED ADR 055622104 268 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 947 21,520 SH   SOLE 21,520 0 0
CAMECO CORP COM 13321L108 237 12,100 SH   SOLE 12,100 0 0
CANADIAN NAT RES LTD COM 136385101 214 4,653 SH   SOLE 4,653 0 0
CAREER EDUCATION CORP COM 141665109 56 12,000 SH   SOLE 12,000 0 0
CATHAY GEN BANCORP COM 149150104 276 10,800 SH   SOLE 10,800 0 0
CHESAPEAKE ENERGY CORP COM 165167107 766 24,634 SH   SOLE 24,634 0 0
CHEVRON CORP NEW COM 166764100 1,805 13,828 SH   SOLE 13,828 0 0
CIMAREX ENERGY CO COM 171798101 8,703 60,662 SH   SOLE 60,662 0 0
CISCO SYS INC COM 17275R102 564 22,696 SH   SOLE 22,696 0 0
CLOROX CO DEL COM 189054109 258 2,828 SH   SOLE 2,828 0 0
CNA FINL CORP COM 126117100 985 24,362 SH   SOLE 24,362 0 0
COCA COLA CO COM 191216100 3,189 75,285 SH   SOLE 75,285 0 0
CONOCOPHILLIPS COM 20825C104 415 4,836 SH   SOLE 4,836 0 0
CORNING INC COM 219350105 577 26,290 SH   SOLE 26,290 0 0
COVANTA HLDG CORP COM 22282E102 830 40,250 SH   SOLE 40,250 0 0
CROSS TIMBERS RTY TR TR UNIT 22757R109 620 18,724 SH   SOLE 18,724 0 0
DAILY JOURNAL CORP COM 233912104 318 1,538 SH   SOLE 1,538 0 0
DEVON ENERGY CORP NEW COM 25179M103 8,311 104,675 SH   SOLE 104,675 0 0
DIAMOND FOODS INC COM 252603105 365 12,942 SH   SOLE 12,942 0 0
DIAMOND OFFSHORE DRILLING IN COM 25271C102 1,978 39,857 SH   SOLE 39,857 0 0
DIRECTV COM 25490A309 2,907 34,199 SH   SOLE 34,199 0 0
DOW CHEM CO COM 260543103 379 7,374 SH   SOLE 7,374 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 1,859 28,414 SH   SOLE 28,414 0 0
EBAY INC COM 278642103 541 10,805 SH   SOLE 10,805 0 0
EDISON INTL COM 281020107 227 3,900 SH   SOLE 3,900 0 0
EMERSON ELEC CO COM 291011104 348 5,250 SH   SOLE 5,250 0 0
ENCANA CORP COM 292505104 779 32,865 SH   SOLE 32,865 0 0
ENDURO RTY TR TR UNIT 29269K100 169 12,200 SH   SOLE 12,200 0 0
ENSCO PLC SHS CLASS A G3157S106 1,639 29,492 SH   SOLE 29,492 0 0
ENTERGY CORP NEW COM 29364G103 756 8,620 SH   SOLE 8,620 0 0
EQT CORP COM 26884L109 417 3,900 SH   SOLE 3,900 0 0
EXCO RESOURCES INC COM 269279402 102 17,375 SH   SOLE 17,375 0 0
EXXON MOBIL CORP COM 30231G102 409 4,067 SH   SOLE 4,067 0 0
Fairfax Financial Hldgs Ltd COM 303901102 11,153 23,605 SH   SOLE 23,605 0 0
FOREST CITY ENTERPRISES INC CL A 345550107 1,820 91,572 SH   SOLE 91,572 0 0
FORESTAR GROUP INC COM 346233109 220 11,550 SH   SOLE 11,550 0 0
FREEPORT-MCMORAN COPPER & GO COM 35671D857 276 7,552 SH   SOLE 7,552 0 0
GANNETT INC COM 364730101 5,181 165,480 SH   SOLE 165,480 0 0
GENERAL AMERN INVS INC COM 368802104 5,698 154,741 SH   SOLE 154,741 0 0
GENERAL DYNAMICS CORP COM 369550108 478 4,100 SH   SOLE 4,100 0 0
GENERAL ELECTRIC CO COM 369604103 327 12,428 SH   SOLE 12,428 0 0
GOLAR LNG LTD BERMUDA SHS G9456A100 469 7,800 SH   SOLE 7,800 0 0
GRAHAM HLDGS CO COM 384637104 539 750 SH   SOLE 750 0 0
GREIF INC CL B 397624206 895 14,947 SH   SOLE 14,947 0 0
HARMAN INTL INDS INC COM 413086109 215 2,000 SH   SOLE 2,000 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 591 16,500 SH   SOLE 16,500 0 0
HELMERICH & PAYNE INC COM 423452101 1,219 10,500 SH   SOLE 10,500 0 0
HERCULES OFFSHORE INC COM 427093109 42 10,400 SH   SOLE 10,400 0 0
HORSEHEAD HLDG CORP COM 440694305 656 35,905 SH   SOLE 35,905 0 0
HUGOTON RTY TR TEX UNIT BEN INT 444717102 213 19,379 SH   SOLE 19,379 0 0
IDT CORP CL B NEW 448947507 236 13,568 SH   SOLE 13,568 0 0
INTEL CORP COM 458140100 441 14,283 SH   SOLE 14,283 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 949 5,234 SH   SOLE 5,234 0 0
INTL PAPER CO COM 460146103 217 4,302 SH   SOLE 4,302 0 0
ION GEOPHYSICAL CORP COM 462044108 50 11,900 SH   SOLE 11,900 0 0
IRIDIUM COMMUNICATIONS INC COM 46269C102 110 13,000 SH   SOLE 13,000 0 0
JOHNSON & JOHNSON COM 478160104 3,252 31,084 SH   SOLE 31,084 0 0
JOY GLOBAL INC COM 481165108 245 3,983 SH   SOLE 3,983 0 0
LEUCADIA NATL CORP COM 527288104 9,390 358,138 SH   SOLE 358,138 0 0
LIBERTY GLOBAL PLC SHS CL A G5480U104 231 5,226 SH   SOLE 5,226 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 549 12,984 SH   SOLE 12,984 0 0
LIBERTY MEDIA CORP DELAWARE CL A 531229102 1,517 11,099 SH   SOLE 11,099 0 0
LOEWS CORP COM 540424108 11,332 256,028 SH   SOLE 256,028 0 0
MARKEL CORP COM 570535104 11,090 16,915 SH   SOLE 16,915 0 0
MARKET VECTORS ETF TR OIL SVCS ETF 57060U191 728 12,600 SH   SOLE 12,600 0 0
MATTSON TECHNOLOGY INC COM 577223100 66 30,000 SH   SOLE 30,000 0 0
MCDERMOTT INTL INC COM 580037109 184 22,700 SH   SOLE 22,700 0 0
MEDTRONIC INC COM 585055106 439 6,878 SH   SOLE 6,878 0 0
MERCK & CO INC NEW COM 58933Y105 283 4,890 SH   SOLE 4,890 0 0
MESA RTY TR UNIT BEN INT 590660106 621 18,229 SH   SOLE 18,229 0 0
METLIFE INC COM 59156R108 739 13,305 SH   SOLE 13,305 0 0
MFC INDL LTD COM 55278T105 181 23,636 SH   SOLE 23,636 0 0
MICROSOFT CORP COM 594918104 3,549 85,113 SH   SOLE 85,113 0 0
NABORS INDUSTRIES LTD SHS G6359F103 2,207 75,157 SH   SOLE 75,157 0 0
NEXTERA ENERGY INC COM 65339F101 256 2,500 SH   SOLE 2,500 0 0
NOBLE CORP PLC SHS USD G65431101 1,931 57,525 SH   SOLE 57,525 0 0
NOVARTIS A G SPONSORED ADR 66987V109 784 8,658 SH   SOLE 8,658 0 0
NRG ENERGY INC COM NEW 629377508 505 13,568 SH   SOLE 13,568 0 0
OAK VALLEY BANCORP OAKDALE C COM 671807105 217 21,900 SH   SOLE 21,900 0 0
OAKTREE CAP GROUP LLC UNIT CL A 674001201 200 4,000 SH   SOLE 4,000 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 970 9,453 SH   SOLE 9,453 0 0
Oriental Financial Grp COM 68618W100 568 30,850 SH   SOLE 30,850 0 0
PATTERSON UTI ENERGY INC COM 703481101 1,415 40,500 SH   SOLE 40,500 0 0
PERMIAN BASIN RTY TR UNIT BEN INT 714236106 829 58,150 SH   SOLE 58,150 0 0
PFIZER INC COM 717081103 373 12,555 SH   SOLE 12,555 0 0
PICO HLDGS INC COM NEW 693366205 2,464 103,722 SH   SOLE 103,722 0 0
PIONEER NAT RES CO COM 723787107 368 1,600 SH   SOLE 1,600 0 0
PNC FINL SVCS GROUP INC COM 693475105 551 6,190 SH   SOLE 6,190 0 0
POTASH CORP SASK INC COM 73755L107 345 9,100 SH   SOLE 9,100 0 0
PROCTER & GAMBLE CO COM 742718109 384 4,888 SH   SOLE 4,888 0 0
RESOLUTE FST PRODS INC COM 76117W109 219 13,038 SH   SOLE 13,038 0 0
ROCKWELL COLLINS INC COM 774341101 201 2,575 SH   SOLE 2,575 0 0
ROYCE FOCUS TR COM 78080N108 178 20,807 SH   SOLE 20,807 0 0
ROYCE GLOBAL VALUE TR INC COM 78081T104 110 11,653 SH   SOLE 11,653 0 0
ROYCE MICRO-CAP TR INC COM 780915104 1,485 117,703 SH   SOLE 117,703 0 0
ROYCE VALUE TR INC COM 780910105 1,324 82,739 SH   SOLE 82,739 0 0
RPC INC COM 749660106 9,553 406,680 SH   SOLE 406,680 0 0
SAFE BULKERS INC COM Y7388L103 113 11,600 SH   SOLE 11,600 0 0
SAN JUAN BASIN RTY TR UNIT BEN INT 798241105 2,507 129,939 SH   SOLE 129,939 0 0
SCRIPPS E W CO OHIO CL A NEW 811054402 911 43,033 SH   SOLE 43,033 0 0
SEMPRA ENERGY COM 816851109 479 4,577 SH   SOLE 4,577 0 0
SOURCE CAP INC COM 836144105 2,730 39,016 SH   SOLE 39,016 0 0
SOUTHERN CO COM 842587107 384 8,466 SH   SOLE 8,466 0 0
STARZ COM SER A 85571Q102 332 11,141 SH   SOLE 11,141 0 0
SYSCO CORP COM 871829107 695 18,550 SH   SOLE 18,550 0 0
TCW STRATEGIC INCOME FUND IN COM 872340104 298 53,918 SH   SOLE 53,918 0 0
TIMMINS GOLD CORP COM 88741P103 18 10,000 SH   SOLE 10,000 0 0
TRI POINTE HOMES INC COM 87265H109 373 23,710 SH   SOLE 23,710 0 0
UNITED SECURITY BANCSHARES C COM 911460103 90 16,206 SH   SOLE 16,206 0 0
US BANCORP DEL COM NEW 902973304 935 21,591 SH   SOLE 21,591 0 0
V F CORP COM 918204108 517 8,200 SH   SOLE 8,200 0 0
VANGUARD SPECIALIZED PORTFOL DIV APP ETF 921908844 713 9,150 SH   SOLE 9,150 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 751 15,350 SH   SOLE 15,350 0 0
VODAFONE GROUP PLC NEW SPNSR ADR NO PAR 92857W308 1,024 30,666 SH   SOLE 30,666 0 0
WAL-MART STORES INC COM 931142103 540 7,195 SH   SOLE 7,195 0 0
WATERSTONE FINL INC MD COM 94188P101 206 18,064 SH   SOLE 18,064 0 0
WELLS FARGO & CO NEW COM 949746101 1,319 25,098 SH   SOLE 25,098 0 0
WESTAMERICA BANCORPORATION COM 957090103 4,342 83,054 SH   SOLE 83,054 0 0
WEYERHAEUSER CO COM 962166104 1,348 40,750 SH   SOLE 40,750 0 0
WHITE MTNS INS GROUP LTD COM G9618E107 17,024 27,979 SH   SOLE 27,979 0 0
WILEY JOHN & SONS INC CL A 968223206 779 12,850 SH   SOLE 12,850 0 0