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 1,489 38,664 SH   SOLE 38,664 0 0
ACCURIDE CORP NEW COM NEW 00439T206 130 29,400 SH   SOLE 29,400 0 0
AIR PRODS & CHEMS INC COM 009158106 493 4,143 SH   SOLE 4,143 0 0
ALLEGHANY CORP DEL COM 017175100 13,498 35,545 SH   SOLE 35,545 0 0
AMERICAN EXPRESS CO COM 025816109 262 2,907 SH   SOLE 2,907 0 0
AMERICAN NATL INS CO COM 028591105 1,201 10,623 SH   SOLE 10,623 0 0
AMGEN INC COM 031162100 738 5,981 SH   SOLE 5,981 0 0
ANNALY CAP MGMT INC COM 035710409 383 34,925 SH   SOLE 34,925 0 0
APACHE CORP COM 037411105 381 4,594 SH   SOLE 4,594 0 0
APPLE INC COM 037833100 499 930 SH   SOLE 930 0 0
APPLIED MATLS INC COM 038222105 404 19,800 SH   SOLE 19,800 0 0
ATWOOD OCEANICS INC COM 050095108 1,751 34,745 SH   SOLE 34,745 0 0
AXIALL CORP COM 05463D100 1,021 22,735 SH   SOLE 22,735 0 0
BANK NEW YORK MELLON CORP COM 064058100 3,253 92,184 SH   SOLE 92,184 0 0
BANK OF AMERICA CORPORATION COM 060505104 358 20,791 SH   SOLE 20,791 0 0
BERKLEY W R CORP COM 084423102 9,830 236,191 SH   SOLE 236,191 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 1,499 8 SH   SOLE 800 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 30,436 243,545 SH   SOLE 243,545 0 0
BLACKSTONE GROUP L P COM UNIT LTD 09253U108 608 18,300 SH   SOLE 18,300 0 0
BOARDWALK PIPELINE PARTNERS UT LTD PARTNER 096627104 154 11,501 SH   SOLE 11,501 0 0
BP PLC SPONSORED ADR 055622104 244 5,082 SH   SOLE 5,082 0 0
BROADRIDGE FINL SOLUTIONS IN COM 11133T103 914 24,600 SH   SOLE 24,600 0 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 900 22,025 SH   SOLE 22,025 0 0
CAMECO CORP COM 13321L108 277 12,100 SH   SOLE 12,100 0 0
CAREER EDUCATION CORP COM 141665109 90 12,000 SH   SOLE 12,000 0 0
CATHAY GEN BANCORP COM 149150104 272 10,800 SH   SOLE 10,800 0 0
CHESAPEAKE ENERGY CORP COM 165167107 575 22,434 SH   SOLE 22,434 0 0
CHEVRON CORP NEW COM 166764100 1,656 13,928 SH   SOLE 13,928 0 0
CIMAREX ENERGY CO COM 171798101 7,078 59,421 SH   SOLE 59,421 0 0
CISCO SYS INC COM 17275R102 510 22,746 SH   SOLE 22,746 0 0
CLOROX CO DEL COM 189054109 262 2,978 SH   SOLE 2,978 0 0
CNA FINL CORP COM 126117100 979 22,909 SH   SOLE 22,909 0 0
COCA COLA CO COM 191216100 2,934 75,885 SH   SOLE 75,885 0 0
CONOCOPHILLIPS COM 20825C104 340 4,836 SH   SOLE 4,836 0 0
CONTANGO OIL & GAS COMPANY COM NEW 21075N204 224 4,693 SH   SOLE 4,693 0 0
CORE LABORATORIES N V COM N22717107 218 1,100 SH   SOLE 1,100 0 0
CORNING INC COM 219350105 547 26,290 SH   SOLE 26,290 0 0
COVANTA HLDG CORP COM 22282E102 727 40,250 SH   SOLE 40,250 0 0
CROSS TIMBERS RTY TR TR UNIT 22757R109 590 18,924 SH   SOLE 18,924 0 0
DAILY JOURNAL CORP COM 233912104 266 1,538 SH   SOLE 1,538 0 0
DEVON ENERGY CORP NEW COM 25179M103 6,901 103,103 SH   SOLE 103,103 0 0
DIAMOND FOODS INC COM 252603105 452 12,942 SH   SOLE 12,942 0 0
DIAMOND OFFSHORE DRILLING IN COM 25271C102 1,929 39,557 SH   SOLE 39,557 0 0
DIRECTV COM 25490A309 2,601 34,037 SH   SOLE 34,037 0 0
DOW CHEM CO COM 260543103 378 7,774 SH   SOLE 7,774 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 1,907 28,414 SH   SOLE 28,414 0 0
EBAY INC COM 278642103 597 10,805 SH   SOLE 10,805 0 0
EDISON INTL COM 281020107 221 3,900 SH   SOLE 3,900 0 0
EMERSON ELEC CO COM 291011104 351 5,250 SH   SOLE 5,250 0 0
ENCANA CORP COM 292505104 653 30,565 SH   SOLE 30,565 0 0
ENDURO RTY TR TR UNIT 29269K100 153 12,200 SH   SOLE 12,200 0 0
ENSCO PLC SHS CLASS A G3157S106 1,483 28,092 SH   SOLE 28,092 0 0
ENTERGY CORP NEW COM 29364G103 531 7,942 SH   SOLE 7,942 0 0
EQT CORP COM 26884L109 413 4,264 SH   SOLE 4,264 0 0
EXCO RESOURCES INC COM 269279402 97 17,375 SH   SOLE 17,375 0 0
EXXON MOBIL CORP COM 30231G102 329 3,366 SH   SOLE 3,366 0 0
Fairfax Financial Hldgs Ltd COM 303901102 10,080 23,275 SH   SOLE 23,275 0 0
FOREST CITY ENTERPRISES INC CL A 345550107 1,720 90,072 SH   SOLE 90,072 0 0
FORESTAR GROUP INC COM 346233109 206 11,550 SH   SOLE 11,550 0 0
FREEPORT-MCMORAN COPPER & GO COM 35671D857 250 7,552 SH   SOLE 7,552 0 0
GANNETT INC COM 364730101 4,570 165,580 SH   SOLE 165,580 0 0
GENERAL AMERN INVS INC COM 368802104 5,439 154,386 SH   SOLE 154,386 0 0
GENERAL DYNAMICS CORP COM 369550108 447 4,100 SH   SOLE 4,100 0 0
GENERAL ELECTRIC CO COM 369604103 322 12,428 SH   SOLE 12,428 0 0
GOLAR LNG LTD BERMUDA SHS G9456A100 325 7,800 SH   SOLE 7,800 0 0
GRAHAM HLDGS CO COM 384637104 528 750 SH   SOLE 750 0 0
GREIF INC CL B 397624206 877 14,947 SH   SOLE 14,947 0 0
HARMAN INTL INDS INC COM 413086109 213 2,000 SH   SOLE 2,000 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 589 16,700 SH   SOLE 16,700 0 0
HELMERICH & PAYNE INC COM 423452101 1,129 10,500 SH   SOLE 10,500 0 0
HERCULES OFFSHORE INC COM 427093109 48 10,400 SH   SOLE 10,400 0 0
HORSEHEAD HLDG CORP COM 440694305 604 35,905 SH   SOLE 35,905 0 0
HUGOTON RTY TR TEX UNIT BEN INT 444717102 156 19,379 SH   SOLE 19,379 0 0
IDT CORP CL B NEW 448947507 226 13,568 SH   SOLE 13,568 0 0
INTEL CORP COM 458140100 352 13,633 SH   SOLE 13,633 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 351 1,824 SH   SOLE 1,824 0 0
ION GEOPHYSICAL CORP COM 462044108 50 11,900 SH   SOLE 11,900 0 0
IRIDIUM COMMUNICATIONS INC COM 46269C102 98 13,000 SH   SOLE 13,000 0 0
JOHNSON & JOHNSON COM 478160104 2,916 29,684 SH   SOLE 29,684 0 0
JOY GLOBAL INC COM 481165108 231 3,983 SH   SOLE 3,983 0 0
LEUCADIA NATL CORP COM 527288104 8,748 312,425 SH   SOLE 312,425 0 0
LIBERTY GLOBAL PLC SHS CL A G5480U104 205 4,926 SH   SOLE 4,926 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 506 12,438 SH   SOLE 12,438 0 0
LIBERTY MEDIA CORP DELAWARE CL A 531229102 1,448 11,079 SH   SOLE 11,079 0 0
LOEWS CORP COM 540424108 10,976 247,687 SH   SOLE 247,687 0 0
MARKEL CORP COM 570535104 10,097 16,938 SH   SOLE 16,938 0 0
MARKET VECTORS ETF TR OIL SVCS ETF 57060U191 634 12,600 SH   SOLE 12,600 0 0
MATTSON TECHNOLOGY INC COM 577223100 70 30,000 SH   SOLE 30,000 0 0
MCDERMOTT INTL INC COM 580037109 178 22,700 SH   SOLE 22,700 0 0
MEDTRONIC INC COM 585055106 423 6,878 SH   SOLE 6,878 0 0
MERCK & CO INC NEW COM 58933Y105 283 4,984 SH   SOLE 4,984 0 0
MESA RTY TR UNIT BEN INT 590660106 471 18,229 SH   SOLE 18,229 0 0
METLIFE INC COM 59156R108 703 13,305 SH   SOLE 13,305 0 0
MFC INDL LTD COM 55278T105 172 21,636 SH   SOLE 21,636 0 0
MICROSOFT CORP COM 594918104 3,481 84,918 SH   SOLE 84,918 0 0
NABORS INDUSTRIES LTD SHS G6359F103 1,890 76,677 SH   SOLE 76,677 0 0
NEXTERA ENERGY INC COM 65339F101 258 2,700 SH   SOLE 2,700 0 0
NOBLE CORP PLC SHS USD G65431101 1,841 56,225 SH   SOLE 56,225 0 0
NOVARTIS A G SPONSORED ADR 66987V109 685 8,056 SH   SOLE 8,056 0 0
NRG ENERGY INC COM NEW 629377508 426 13,390 SH   SOLE 13,390 0 0
OAK VALLEY BANCORP OAKDALE C COM 671807105 136 14,448 SH   SOLE 14,448 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 900 9,448 SH   SOLE 9,448 0 0
Oriental Financial Grp COM 68618W100 530 30,850 SH   SOLE 30,850 0 0
PATTERSON UTI ENERGY INC COM 703481101 1,315 41,500 SH   SOLE 41,500 0 0
PERMIAN BASIN RTY TR UNIT BEN INT 714236106 789 59,750 SH   SOLE 59,750 0 0
PFIZER INC COM 717081103 368 11,455 SH   SOLE 11,455 0 0
PHILLIPS 66 COM 718546104 344 4,466 SH   SOLE 4,466 0 0
PICO HLDGS INC COM NEW 693366205 2,443 94,012 SH   SOLE 94,012 0 0
PIONEER NAT RES CO COM 723787107 299 1,600 SH   SOLE 1,600 0 0
PNC FINL SVCS GROUP INC COM 693475105 535 6,150 SH   SOLE 6,150 0 0
POTASH CORP SASK INC COM 73755L107 330 9,100 SH   SOLE 9,100 0 0
PROCTER & GAMBLE CO COM 742718109 392 4,866 SH   SOLE 4,866 0 0
RESOLUTE FST PRODS INC COM 76117W109 262 13,038 SH   SOLE 13,038 0 0
ROCKWELL COLLINS INC COM 774341101 205 2,575 SH   SOLE 2,575 0 0
ROYCE FOCUS TR COM 78080N108 166 20,807 SH   SOLE 20,807 0 0
ROYCE GLOBAL VALUE TR INC COM 78081T104 107 11,867 SH   SOLE 11,867 0 0
ROYCE MICRO-CAP TR INC COM 780915104 1,169 95,486 SH   SOLE 95,486 0 0
ROYCE VALUE TR INC COM 780910105 1,332 84,673 SH   SOLE 84,673 0 0
RPC INC COM 749660106 8,339 408,360 SH   SOLE 408,360 0 0
SAFE BULKERS INC COM Y7388L103 110 11,600 SH   SOLE 11,600 0 0
SAN JUAN BASIN RTY TR UNIT BEN INT 798241105 2,246 127,239 SH   SOLE 127,239 0 0
SCRIPPS E W CO OHIO CL A NEW 811054402 763 43,033 SH   SOLE 43,033 0 0
SEARS HLDGS CORP COM 812350106 220 4,597 SH   SOLE 4,597 0 0
SEMPRA ENERGY COM 816851109 443 4,577 SH   SOLE 4,577 0 0
SOURCE CAP INC COM 836144105 2,728 39,711 SH   SOLE 39,711 0 0
SOUTHERN CO COM 842587107 372 8,466 SH   SOLE 8,466 0 0
STARZ COM SER A 85571Q102 355 11,004 SH   SOLE 11,004 0 0
SYSCO CORP COM 871829107 670 18,550 SH   SOLE 18,550 0 0
TCW STRATEGIC INCOME FUND IN COM 872340104 294 53,918 SH   SOLE 53,918 0 0
TIMMINS GOLD CORP COM 88741P103 12 10,000 SH   SOLE 10,000 0 0
UNITED SECURITY BANCSHARES C COM 911460103 89 16,047 SH   SOLE 16,047 0 0
US BANCORP DEL COM NEW 902973304 925 21,591 SH   SOLE 21,591 0 0
V F CORP COM 918204108 507 8,200 SH   SOLE 8,200 0 0
VANGUARD SPECIALIZED PORTFOL DIV APP ETF 921908844 688 9,150 SH   SOLE 9,150 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 730 15,355 SH   SOLE 15,355 0 0
VODAFONE GROUP PLC NEW SPNSR ADR NO PAR 92857W308 1,149 31,222 SH   SOLE 31,222 0 0
WAL-MART STORES INC COM 931142103 550 7,195 SH   SOLE 7,195 0 0
WATERSTONE FINL INC MD COM 94188P101 193 18,604 SH   SOLE 18,604 0 0
WELLS FARGO & CO NEW COM 949746101 1,250 25,138 SH   SOLE 25,138 0 0
WESTAMERICA BANCORPORATION COM 957090103 4,595 84,971 SH   SOLE 84,971 0 0
WEYERHAEUSER CO COM 962166104 1,266 43,150 SH   SOLE 43,150 0 0
WHITE MTNS INS GROUP LTD COM G9618E107 16,099 26,836 SH   SOLE 26,836 0 0
WILEY JOHN & SONS INC CL A 968223206 741 12,850 SH   SOLE 12,850 0 0